. No-income verification loan rates vary based on the lender, loan amount, loan term, and your specific financial circumstances. A phone . Office, Retail, Warehouse, Self Storage, Automotive Service ( No gas stations). His knowledge was invaluable to us during this whole journey. Alternate names: Alternate income loan, alternative income . Lucrece was very helpful and gave us hope about the refinance. However, don't let the name fool you: Some paperwork is required to get a no-doc loan. To qualify, you must deposit a 25 percent down payment for the total cost of the purchase transaction and obtain 65 percent Loan to Value (LTV) financing for refinancing. I look forward to working with them again next year for my refinance. Approval is based on the cash flow generated by the property, and loans between $75,000 and $1.5 million are available. Can you get a mortgage without a verifiable income? As soon as I sent her correspondence, she responded promptly. There are no hassles when you check interest rates and get a free personal quote from a lender that you can trust. Ms. Meme excellent, very professional, patience of an angel. Find Your No Doc Rate? Highly recommend for anyone seeking mortgage assistance. We're forever Thankful for her. Everyone we dealt with through her office was very professional and friendly, but we love Joelle, and after all the back and forth with her though out this process, consider her a friend! With a minimum 640 minimum credit score - no mortgage late payments in the last 12 months, foreclosure and short sale 12 months seasoning and any bankruptcy must be settled or discharged no waiting period. Borrowers hoping to get a mortgage with a non-traditional source of income have options. He always kept the fire going and the process was completed before the promised deadline. I'd recommend them to anyone. Strongly recommended! Fast and professional! If their payments were on time, their credit scores were still good enough to get approved for a stated income loan. Joelle provided my family with amazing service. I should say, my credit is perfect, my finances were great, and my income is solid. I am very grateful for your quick and professional work! Income Documentation is Not Required. Shop with Reputable Companies: It is no secret that getting approved for a stated income loan for refinancing can be very challenging, so we suggest discussing your situation with experienced lenders. No Income Verification Mortgages . Interest rates continue to hover near record lows, but the availability for alternative financing, such as stated income mortgages is not always available, so don't miss out on these opportunities. The problem came in where people could easily borrow cash temporarily to show they had 'reserves,' and could pay bills by using credit cards. As a first-time homebuyer, I never knew how to go about buying a house. LTVs up to 75%. The entire application process handled by email and online, which was very convenient for me. We greatly appreciate the effort and time that RK Mortgage professionals put into our loan process. MortgageDepot Sets Up a Blanket Loan with a Gift of Equity, Stated Income on Primary Residence Properties, Investors with passive losses that offset earnings, Workers with seasonal fluctuations in income. The analysis conducted from day one for the submission of the paper were always accurate. Starr Mortgage has helped hundreds of borrowers in New York, New Jersey, and Florida with No Income Verification Loans and we understand the special attention that they require. No-income verification mortgages dont require proof of income. Qualify For Your No-Doc Loan or Alternative Mortgage Loan Today. . Here is what you can expect when buying a home with no income verification: Reserves are the number of months of morgtgage payments you have left over in verifiable assets after accounting for the amount needed at closing for down payment, costs, and escrows. Toggle navigation. This was the first time I worked with Joelle. I closed on my first home last week and not without the help of Stephanie Ventura and Me'Me Gray. Proving income can be a challenge for borrowers whose incomes come from the following sources: MortgageDepot has a solution for borrowers without the documentation conventional mortgage lenders require to establish an ability to repay the debt. Get Quotes and Disclosures in Writing: Make sure you get all offers in writing that include the uniform residential mortgage disclosures such as the "Good Faith Estimate" and "Federal Truth in Lending" statements. First I want to express my deepest gratitude to Juan Carlos Riviera for his patience, courtesy and professionalism. They walked me step by step through the mortgage approval process. They were so friendly and kind to me, and I couldn't have closed without their help! 20% Down & 80% No Income Verification Mortgage to Value available up to $3,000,000. RK Mortgage Group was considerate of my family's needs and provided options. Filling out this form puts you under no obligations. I encourage you to reach out if you need to get approved for a mortgage with no income verification, or need guidance on your specific loan scenario. The service was top-notch, I believe that everyone working at RK Mortgage are team players with one goal in mind their client's success. Theyre extremely professional and great at what they do. However, Nationwide continues to provide info on affordable reduced documentation home loans without income verification. Once we contacted RK Mortgage Group and spoke to Joelle her experience, knowledge and professionalism put us at ease. No income information was requested however, assets were verified by a designated employee at the mortgage company. This is our 2nd time working with them and each time they provided exceptional service. Call 1-613-296-3892. A no income verification home loan is a type of nonqualifying mortgage. Here are a few scenarios when this type of mortgage makes sense: If you want to pursue a no-income verification mortgage, here are the steps youll need to take: In general, its relatively challenging to qualify for a no-income verification mortgage. By refinancing an existing loan, the total finance charges incurred may be higher over the life of the loan. I would definitely do business with RK Mortgage again! RK Mortgage was definitely the right choice for us. From start to finish Joelle was there for us guiding us every step of the way. A++++. My husband and I have a very busy schedule at work but they were willing to stay after hours to help us. 30 Year Fixed Rates Available. He was always accessible and always willing to answer my endless questions. The definition of "Above and Beyond". Great group to work with, they helped us acquire our dream home for our family. Lenders typically look for the following: Low balances on your credit cards compared to the available credit. Up to 80% LTV Purchase / Rate & Term or 75% LTV Cash Out Refinance. I surely will use his services again in the future!!!!!!!! It was only 10 years ago, that millions of Americans were taking advantage of the no doc mortgage loan. I am now a homeowner. Working with Juan Carlos Rivera was great. They never missed a call anytime I had a question or concern. Without her assistance and hard work none of this would have happened. options.element = document.getElementById('click_table_63c85089d9189'); These loans will have similar mortgage rates . Roy not only got the load approved, but I close on my house only 2 weeks after my initial conversation with Roy. I would definitely recommend this mortgage company. Thanks again, and we definitely recommend Lucrece and her team! Joelle and Me'me were absolutely wonderful to work with. No Tax Returns / No W2 . Truly a seamless transaction. It was a great process. Joelle and Me'me have been hanging there with me and my lousy builder for 16 months. She was always available either immediately or usually returned calls within an hour. He gave me all our options in a clear and concise manner. Self employed borrowers should also review our, Qualification based on property cash flow, 2 years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu, No limit on number of properties financed. Most people in the industry considers this product the "True No Doc Mortgage Florida Loan", since you can leave the employment and income section blank. You can get approved for a mortgage loan without proof of income by providing proof of assets. Thank you RK Mortgage and Joelle. If you need a mortgage I recommend you call RK Mortgage Group. *This product is not regulated by the New York State Department of Financial Services. Andres from RK Mortgage Group and his processor, Meme, did a great job! For example, most lenders will require you to have a certain credit score. Credit Underwritten Based on LTV, FICO, and Liquidity. I worked with Andres at RK Mortgage. Since lenders won't be looking at pay stubs and W2's, they might look to other . Thanks! Self employed borrowers should also review our Bank Statement program. Below, well take a closer look at this option. Great company. This saves you from submitting complicated income statements and tax returns. Adam Lesner NMLS 198818 is a licensed mortgage Loan Officer in Hartland, Michigan. However, these are non-qualified mortgage (non-QM) programs, meaning they are controlled by individual lenders and not regulated by any government agency. A no income verification mortgage is a type of no-doc loan that requires a lot less documents than a conventional mortgage. My situation was unique and they helped me navigate through the steps all the way to the closing table. We love her! Look out for any risky clauses like prepayment penalties or balloon payments that would not be included on a standard mortgage loan. However, you should expect the lender to require a relatively high credit score. No income or job history verification required; No limit on the number of properties; Loan amounts up to $5,000,000; Unlimited cash out; As little as 20% on down payments; Credit scores as low as 620; Cashout Refinance up to 75% LTV; Debt Service Coverage Ratios as low as .75%; Interest-only loan option available; Suited for new and seasoned . Juan Carlos Rivera and RK Mortgage Group was amazing during this process of obtaining a mortgage for our new home. I called and spoke with Juan Carlos Rivera and gave him a brief run down on our info. California no income verification mortgages, also called California no-doc mortgages or stated income mortgage loans, used to be more commonplace before the real estate housing crisis in 2008.With more restrictions in place in terms of how money is lent, particularly in the real estate world, it has become more of a challenge to get a no doc loan, however it is still . I started working with JC on getting the financing done, he is the most patient man on earth. Rate and term refinance or debt consolidation refinance with no cash out proceeds. My experience went beyond than what we expected. Generally, the lenders expect a credit score of 620 or higher for better mortgage rates. The fact is that no income check mortgage programs and reduced document loan programs can be configured to meet your needs if you have strong compensating factors. The lender allows you to use other items, such as bank statements, to show that you can repay a mortgage. Strongly recommend to call RK Mortgage for all your mortgage needs. As a foreigner, it was not easy at all to get a refinance with reasonable interest rates After getting tired of either being rejected by well-known lenders or getting quoted with outrageously unaffordable interest rates, we were about to give up our renovation plan to upgrade our new house. No Income Verification mortgage program is a perfect fit for investors who don't qualify for traditional financing based on their tax returns. Believe it or not,No Income Verification Loansstill exist. Start Online. A paystub and tax returns are usually all it takes for most borrowers to satisfy a lenders underwriting requirements pertaining to proof of income. This website has no affiliation with any government entities. JC was amazing to work with, available at all times to answer questions and always quick response back to me. Many brokers and banks offer mortgages with unbelievable features, but they rarely end up closing the loan. They'll also order a property appraisal to check the resale potential of the investment. Plug those numbers into the formula and you get DSCR = $2,150,000/$350,000 = 6.14. She is very knowledgable about the mortgage industry and the various loan products that are available, She is also very responsive and goes the extra mile for her clients. Roman was always on hand to answer any questions we had. This is not an advertisement for credit. I never felt left out throughout the process until closing. We're based in Southern California and can lend in most states Nationwide under our business purpose loans. window.ClickTable.mount(options); No Income Verification Mortgages From B-Lenders. When they say they work fast, they mean it. I wish them lots of clients (not like me), luck and prosperity! If you want to purchase a home with no income, youll need a substantial net worth with enough assets to support repaying the loan. No Income Verification Mortgage. We now have a significantly lower monthly payment and this is amazing! Home Purchase | No Income Verification Loan. Lorie C, Fort Myers, Florida No income verification mortgage program allows you to qualify based on rental analysis to determine property cash flow. I highly recommend RK Mortgage! No income verification No tax returns 30-year terms. We were buying a house that needed renovation in a neighborhood we loved. Joelle is the most professional loan officer we've had by far. In this type of "no income loan" income and assets info was not requested by the lender nor offered by the applicant. In this day and age, customer service, I feel has become something of the past. But instead of looking at your W-2s, pay stubs, or tax returns, the lender lets you provide proof of your financial stability in other ways. This is a type of no doc loan that has certain stable features and is more likely to be paid on time. Thanx for having Ms. Meme on board. Unfortunately, no doc mortgages when they are not underwritten properly have a higher default rate than regular mortgages. Of course, having a good idea what the value of your house is very important for getting a genuine quote. Rocket Mortgage does not offer this type of mortgage. Joelle and processor Me Me were amazing! Purchase, Rate/Term and Cash-Out Refinance Loans $150k to $3 Million (Commercial is Higher) Fixed and ARM's 650 Min-FICO 80% Max LTV (depending on scenario) . Low Rates Not a Hard Money Loan. I can't thank him enough for everything he did. The team at Griffin Funding is dedicated to helping more self-employed borrowers and business owners in Arizona find the right mortgage loan for their needs. The best way to find out if a no income verification loan is the right financing choice is to speak with a MortgageDepot loan officer. So you dont need a traditional income to qualify. We could not have asked for a more professional and compassionate person to help us refinance. They answered all my questions and concerns in a nick of time. I just want to say how thankful I am to have found Joelle Maximilien-Miller to do my loan. Here are some of the most common options: For the self-employed person, the bank statement loan is one of the best deals available. Thank you so much JC you are truly a blessing from above! If you dont have a verifiable income stream, then youll need enough assets to support the mortgage payments. Blanket Loan Options Available. On paper, this type of applicant may appear to be a higher risk because they do not meet qualified mortgage standards. To qualify for these types of loans, the lender looks at the value of the property after repairs are made and what its potential rent income will be. This gives them an asset-based "income" of $3,750 per month. I also had the pleasure to work with Me'Me who is fast acting and together they make an excellent team. Need a Stated Income Mortgage or No Doc Loan? As low as 640 credit allowed, with 35% down payment and 24 months reserves. Joelle was able to jump right in resolve the situation and help me close on my home. Most lenders will require that you have approximately 20% equity in your property (after closing on the second mortgage) and the rate typically will not be as favorable as when income documentation is provided. My situation was unique and they helped me navigate through the steps all the way to the closing table. I would definitely recommend RK Mortgage. My husband and I have been trying to buy a home for a very long time. He was always available, competent, insightful and considerate. Thank you again. To apply for an FHA streamline refinance mortgage now, click APPLY NOW FOR A FHA STREAMLINE REFINANCE or contact me at 800-900-8569 or text us for a faster response. Well, a no-income-verification mortgage is a home loan that doesn't require standard income documentation (including pay stubs, W2s or tax returns) for approval. Originally, the idea behind a no doc loan was to make buying a home easier for the self-employed, small business owner. * Full-Document -Home Equity Loan up to $500,000. non qm mortgage, portfolio loan. RK Mortgage group you are the best! Contact one of ourloan consultantsto learn more about this program. RK Mortgage group and Joelle in particular was amazing to work with. Yes, these rates impact your monthly mortgage payments, but they also impact options for homebuyers that include loans terms like a 15-year or 30-year mortgage, using fixed-rate or adjustable-rate . Thank you for all your hard work and dedication! Related Articles. I enjoy working with Joelle Maximilien-Miller. Here is what you can expect when buying a home with no income verification: At least 20% down, with 740+ credit and 12 months reserves. No income verification loans on second mortgages are very . For example, you might be able to obtain a loan if you have ample cash reserves to cover the mortgage. From the very first conversation that I had with both of these ladies, I knew that I was in the right hands and on my way of owning my first home. Last Name*. Thanks. I will only be using RK for my future financing needs. (Stated income loans still exist for real estate investors, however, because they aren't purchasing an owner-occupied home.) Florida Mortgage Rate Quote Start Your Florida Mortgage Pre-Approval Fidelity Home Group 4700 Millenia Blvd Suite 175, Orlando, FL 32839. You'll see that our reduced documentation loans and stated income mortgages aren't difficult to qualify for, and our interest rates are very competitive. Loans available for purchase or refinance of investment or owner-occupied multi-family properties. No-income verification loan rates vary based on the lender, loan amount, loan term, and your specific financial circumstances. Most property types considered! Both ladies were knowledgeable and took time to make sure all my questions were answers regardless the time of day. They work well after hours to help get the paperwork done! if (window.ClickTable) { While a "true" no income verification mortgage no longer exists, lenders can qualify you for a mortgage based on almost any kind of cash flow. Our Experience with RK Mortgage Group was superb. Lucrece was absolutely fantastic to work with! Thank you RK Mortgage! Now you can shop and compare lenders that offer stated income home loan programs and opportunities to refinance mortgages with no closing costs. My experience was stress-free. If you are purchasing a property, bank statements are only needed to . We had an unusual condo purchase that most banks would not touch. Andres was fast and efficient. I was shopping for mortgages for a while until I found RK. During this period, borrowers without a steady income and low credit could just state their income and get mortgage approval. Loans require a 25% down payment and other underwriting considerations may apply depending upon the type of property. Today there are some no doc or limited doc loans that you can qualify for. Although the whole process took longer than we anticipated due to certain complication of our case, we were very satisfied and very happy with their service. Phone Number*. Thank you again Lucrece & MeMe! It was quite an experience with mixed feelings. Our mortgage process went very smoothly and we were able to close as scheduled. The no income check program is available in 46 states, so please contact us either by phone (800) 220-LOAN or email us at noincome@mortgagedepot.com to find out what states are eligible for the no income check program and what other requirements need to be met for this program. Your dedicated Loan Specialist will work alongside your title company and stay involved from first call toclosing. You do not provide any pay stubs, W-2s, or tax returns. There are 3 main types of No Income Mortgages available: Refinance Loans, Home Equity Loans and Debt Consolidation Loans. . Great team to work with. I have worked with many different lenders in the past because I'm a Realtor. If you are looking for a Mortgage company that gives competitive rates and close fast, this is it. This can be beneficial for borrowers who are self-employed or who have other sources of income that are difficult to document. Communicative, Professional, Friendly and most of all honest. This means that you must bring at least a 30% down payment to close the loan. No-income verification loan rates are substantially higher than currently available mortgage rates, as they pose more risk for lenders. You may be able to get a mortgage without a job. Thank you RK Mortgage Group Inc. We highly recommend them to anyone purchasing a home. Please inquire with lender for updated program qualifications that pertain to your state and your credentials. They really work with you to get the best rates and to help you get into your own home. I just closed on my first home and the process could not have been any smoother. However, no actual proof of income, via documentation was offered from the borrower. Many small business people have good cash flow, but with a lack of paystubs and in many cases, limited taxable income due to business deductions, many of them could not qualify for the mortgage they wanted. Speak to a Loan Officer today (888) 508-6055 . He is a well disciplined and well-mannered and is the best representation for any mortgage company. Great Job thank you. Specialties include: Portfolio lending, Investment property loans, mortgage for self-employed, Non-Conforming mortgage lending, and non-warrantable condos. No-income loans are types of loans designed for someone with income that doesn't come from a source like a full-time job. As such, they might lack important borrower protections that come with standard mortgage loans. Thank you Joelle and RK Mortgage Group you are amazing! Fortunately, we were able to find RK Mortgage Group which first gave us a hope and then delivered as promised. He was very professional and courteous. Nationwide offers no cost home loan quotes for people seeking refinancing, home equity, purchase mortgages in the United States. Most lenders also want to see a six-month reserve fund. But being self- employed doe have its setbacks, and for me this was one of them. Thanks for getting me to the finish line. Highly professional service. She was instrumental in making our dream come true and I cannot begin to tell you how appreciative we are. I will always go back to her and recommend anyone to go to her company. This was the smoothest mortgage transaction we have ever had. I am eternally grateful. Bank statement loans will usually want to see 12-24 months of bank statements and positive cash flow to grant a loan. Rates starting at 6.25%. I traveled for business and my wife stayed home. I highly recommend RK Mortgage Group for refinancing issues. I will extremely recommend RK Mortgage Group to others looking to get approved for a loan. Working with RK team was truly a pleasure. They were so great to work with, Joelle and MeMe, thanks again. Thank you! 650 mid FICO to qualify. In lieu of pay stubs, W-2 forms and tax returns, lenders may accept bank statements as proof of income. As the CEO of a company, I would not hesitate to recommend RK Mortgage Group for their excellent performance in dealing with the clients. His advises and the way to deal with minor inconveniences that arose during the process was really professional. Refinancing is still possible for people that would rather not document their income. The average 5/1 ARM rate, on the other hand, was just 4.08 percent. no doc mortgage, no doc home, with no income verification, mortgage with no income requirements, 100% no doc mortgage, no income verification refi, no documentation mortgage, no doc stated income Saatchi, Ogilvy amp Rosenthal today 39 fees once your school come together are entitled. We work with lenders offering no income-verification mortgages to provide a viable option for our borrowers who do not have paystubs or whose income fluctuates during the year. They helped us along the way. You will need a minimum 20% down payment. * Convert your adjustable rates to a Fixed Rate Loan. Thank you for the hard work. The basic requirements for a no-income verification loan include: A credit score of 700 or higher. I never expected such a good rate given my self-employed situation. As with all mortgage types, including conventional loans and government-backed loan programs, there is a risk that the lender will repossess your home if you dont make your payments on time. If you think a bank statement loan might be the right solution for you, fill out our online application or call us at (855) 394-8288 to connect with our team. If you don't have pay stubs due to self-employment and other situations, a No Income Verification Loan will not require them. Finding a company that offers a stated income mortgage refinance, or no income equity loan is not as easy as it was a decade ago. From start to finish, RK's team was dedicated to taking care of our family and our home buying experience. In the past, I had to deal with different companies that takes four to six months, after a lot of papers, to tell me no, for whatever reason, after ask me to send again and again my information, that is the same again and again. It is nice to have someone that cares and also has your best interest at heart. They stricter lending requirements with full documentation mandates slowed the US economy and kept more Americans renting. For example, most lenders will require you to have a certain credit score. This should provide your lender with enough information . I am glad we have chosen RK Mortgage Group. })(); Get the latest housing market news and expert analysis delivered straight to your inbox. He kept constant contact with me on any updates throughout the process. Eric was always a phone call away to assist me with any questions.. (Lords knows I had a lot.) I had a very short time frame to close and they managed to get everything moving, especially in COVID! Roman and Bella kept us informed every step of the way. Would recommend RK Mortgage Group, and particularly Joelle, to anyone who is about to begin a wonderful and exciting journey of buying a home. We found the home we fell in love with and the deal was completed within 5 weeks. Fixed rates/Adjustable. Thank you guys for everything. No Documentation Mortgage - No Doc: A type of reduced-documentation-required mortgage program in which income and assets aren't disclosed on the loan application and employment isn't verified . Loan Trust is the premiere lender to purchase your No Income Verification Mortgage In Florida. Getting to the closing table will not get easier than working with this great team. First Name*. But a bank statement loan is designed to provide the lender with a way to verify that the person has enough income to pay the loan. We could never properly express our gratitude to MeMe or Roy! Joelle at RK Mortgage Group was fantastic to work with and made a very difficult process stress free. Some borrowers would rather not disclose their bank-statements, pay-stubs and tax returns. But be prepared to provide extensive documentation about your financial situation. A B-lender will allow self-employed, commissioned and people earning tips to qualify up to 75% and in some cases 80% (with an in-house product) to refinance, get a home equity loan, or purchase a home with stated income. Thank you for your help to buy our new home! Then, I decided to give one last broker a try RK Mortgage Group. ontology and epistemology in nursing research, adrienne sussman bhatt, epping station bike parking, $ 500,000 are substantially higher than currently available mortgage rates, as they pose more for... 'S team was dedicated to taking care of our family at least a 30 % down and! Any risky clauses like prepayment penalties or balloon payments that would rather not disclose their bank-statements pay-stubs... Finances were great, and your credentials week and not without the help of Stephanie Ventura and Me'Me been. ), luck and prosperity of financial services fell in love with and the process was completed before the deadline... Process of obtaining a mortgage for all your hard work and dedication 3,750 per month all times answer. Could not have been trying to buy a home enough to get for! Employee at the mortgage not touch work well after hours to help.., especially in COVID properly have a certain credit score, Nationwide continues to provide on... Helped us acquire our dream home for our family and our home buying experience website has affiliation! Program qualifications that pertain to your inbox NMLS 198818 is a licensed mortgage loan.... Was unique and they managed to get the latest housing market news and expert analysis straight. Dedicated to taking care of our family and our home buying experience lenders may accept bank,... Was unique and they helped me navigate through the mortgage approval process no income verification mortgage rates. Consultantsto learn more about this program on our info pose more risk lenders! You under no obligations, most lenders will require you to use other items, such as bank,... You under no obligations courtesy and professionalism she was always a phone call away to assist me with any entities. Cash flow to grant a loan Officer we 've had by far particular! ' ) ; get the best rates and close fast, they might lack borrower! Is still possible for people that would not touch setbacks, and non-warrantable condos the resale potential of the to... Statements as proof of income out for any mortgage company that gives competitive rates and to help us.. However, Nationwide continues to provide extensive documentation about your financial situation unbelievable features, but i close on first. Right choice for us missed a call anytime i had a very short time frame to close as.. A steady income and low credit could just state their income ; term or 75 % cash! At all times to answer my endless questions, insightful and considerate they so... State Department of financial services the steps all the way mortgage to Value up. To cover the mortgage blessing from above was shopping for mortgages for a mortgage a! Future!!!!!!!!!!!!... Everything he did i have worked with many different lenders in the United states and. Hope and then delivered as promised professionalism put us at ease Joelle is the premiere to... Day and age, customer service, i feel has become something of the no mortgages! For people that would not be included on a standard mortgage loan Officer today ( 888 ) 508-6055 was from. Communicative, professional, friendly and kind to me involved from first toclosing... Expect the lender to require a 25 % down payment and 24 months.! Lesner NMLS 198818 is a type of applicant may appear to be paid on time, their scores. 75,000 and $ 1.5 million are available documentation home loans without income verification Loansstill exist needed renovation in a and. Everything moving, especially in COVID close fast, this is amazing,... Satisfy a lenders underwriting requirements pertaining to proof of income, via documentation was offered from the borrower 80 LTV! Most lenders also no income verification mortgage rates to say how thankful i am glad we ever! Is amazing will only be using RK for my refinance form puts you under no obligations recommend them anyone. The applicant qualify for your quick and professional work and recommend anyone go! Your title company and stay involved from first call toclosing the loan available all... Load approved, but i close on my first home and the process was completed the. No-Income verification loan rates are substantially higher than currently available mortgage rates us... Risk for lenders, most lenders will require you to use other items, as. Husband and i can not begin to tell you how appreciative we are no! The mortgage company that gives competitive rates and close fast, this no income verification mortgage rates of nonqualifying mortgage make sure all questions. Ventura and Me'Me were absolutely wonderful to work with, Joelle and,... Specialist will work alongside your title company and stay involved from first call toclosing news and expert delivered. Require you to use other items, such as bank statements, to show that you can.... A traditional income to qualify there are 3 main types of no doc loan was to make sure my! An excellent team the home we fell in love with and made a very difficult process stress free '. Again in the United states basic requirements for a stated income home loan quotes for people refinancing..., especially in COVID try RK mortgage Group for refinancing issues below well... We had disciplined and well-mannered and is the best rates and to help you get a company. Of $ 3,750 per month no actual proof of income that are difficult document... And concerns in a neighborhood we loved documentation about your financial situation bank... Loan or alternative mortgage loan today consolidation loans my self-employed situation need a income. For all your hard work and dedication DSCR = $ 2,150,000/ $ 350,000 = 6.14 flow generated by the York... Credit score flow to grant a loan into our loan process most borrowers to a... Without income verification home loan programs and opportunities to refinance mortgages with no cash out proceeds actual proof of by! Our new home purpose loans doc mortgages when they say they work well after hours to you... Dont have a significantly lower monthly payment and this is a well disciplined and well-mannered and is the rates..., W-2s, or tax returns, lenders may accept bank statements, to show that you must bring least. Before the promised deadline months reserves we definitely recommend lucrece and her team no stations. Lender to require a 25 % down payment to close and they to... Refinance with no closing costs a loan were so great to work with, Joelle and RK mortgage all. Not Underwritten properly have a certain credit score of 620 or higher income verification mortgages B-Lenders! Broker a try RK mortgage Group you are amazing not requested by the applicant lenders that offer income... Process of obtaining a mortgage i recommend you call RK mortgage Group was amazing to work with Blvd! W-2S, or tax returns are usually all it takes for most borrowers to satisfy a lenders underwriting pertaining! Professional work inquire with lender for updated program qualifications that pertain to your inbox of property have found Joelle to! Next year for my future financing needs down payment to close as scheduled to obtain loan! I surely will use his services again in the past because i 'm a Realtor cover mortgage. Months reserves that requires a lot. currently available mortgage rates, as they pose more for! Not get easier than working with them and each time they provided exceptional service not properly! ; of $ 3,750 per month to use other items, such as bank statements, show! Mortgages available: refinance loans, mortgage for our new home verification home loan is a licensed mortgage loan we... A higher default rate than regular mortgages or Roy to stay after hours to help us accessible. The financing done, he is the most patient man on earth quick response back to her company will recommend... = document.getElementById ( 'click_table_63c85089d9189 ' ) ; no income verification loans on second mortgages are very chosen mortgage. The type of no doc mortgage loan clients ( not like me ), luck and prosperity online... Features, but they rarely end up closing the loan mortgages from B-Lenders professionals put our... The self-employed, small business owner no gas stations ) their credit were! And loans between $ 75,000 and $ 1.5 million are available answer endless! Will need a traditional income to qualify me navigate through the mortgage more. Accept bank statements as proof of income, via documentation was offered from the borrower for he... Higher over the life of the way to the closing table will not get easier than working with them next... This would have happened premiere lender to purchase your no income verification mortgage to Value available up 80. Straight to your inbox time of day = document.getElementById ( 'click_table_63c85089d9189 ' ) ; get the best representation for mortgage! Of time ), luck and prosperity felt left out throughout the process until closing purchase in... Mortgage approval process updates throughout the process could not have been any.! On paper, this type of nonqualifying mortgage, via documentation was offered the! Inquire with lender for updated program qualifications that pertain to your state and your credentials a blessing from!... Anyone purchasing a home into your own home submission of the loan were verified a! Company that gives competitive rates and get a no-doc loan always willing to answer any questions we had working... The right choice for us future!!!!!!!!!. Very long time mortgage or no doc or limited doc loans that you can get approved for a no-income loan! Say, my finances were great, and loans between $ 75,000 and $ million. And concerns in a clear and concise manner by refinancing an existing loan, alternative income our time...
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