No Income Verification Home Loans

No income verification loans are available on sfr s multi family mixed use and commercial properties.

No income verification home loans. The reality is that no income or a no doc mortgage have always been essential for self employed and small business owners. Excellent programs for investor s and self employed borrower s. Your loan officer may suggest a no income verification loan. The loan is qualified based on a value of the property and or anticipated income the property will generate.

No income verification mortgage program is a perfect fit for investors who don t qualify for traditional financing based on their tax returns. If you do not fit in the prefect box for an underwriter then consider some of the programs that allow alternatives for income documentation. The main qualifier for a no income verification mortgage is your credit history. Purchase and refinance loans up to 5 million available.

Getting a mortgage when you re self employed can be tricky. This site can help you find companies that specialize in no income verification loans aka stated income home loans. What are no income verification home equity loans. Most banks and lending companies do not offer no verification loan refinancing or purchase loans.

You won t be asked to submit documents and forms you don t have. Also called a no documentation mortgage these loans require less paperwork to get approved and may get you to closing faster than a fully documented loan especially if you have hefty tax returns. However nationwide continues to provide info on affordable reduced documentation home loans without income verification.