})(); Get the latest housing market news and expert analysis delivered straight to your inbox. If you want to purchase an investment property but are worried about your self-employed status disqualifying you from traditional mortgages, call Stratton Equities at 800-962-6613, email us, or apply for loan pre-qualification today! This option is for primary residence and 2nd homes, and can be used to purchase or refinance a property. No W2s, paystubs or Taxes needed! From the minute I applied for my bank statement only mortgage to the day I closed Joelle and Sheenaqua have gone above and beyond to make this happen. A bank statement loan program is designed for the person or business whose tax returns or history of employment may not demonstrate their full income. Process was simple, quick, and nothing left to chance. Get Expert Advice from Brokers and Lenders that Specialize in Alternative Home Loans. Words cannot express the professionalism and care her team exhibited through the entire process. Facebook. The Facts about No Income Verification Loans. 5/1 ARM, 30-Year Fixed. Complete our simple and secure online form inminutes. It was only 10 years ago, that millions of Americans were taking advantage of the no doc mortgage loan. Will recommend to anyone needing a mortgage. Lucrece was the best! Our mortgage process went very smoothly and we were able to close as scheduled. We could never properly express our gratitude to MeMe or Roy! Gift funds are not permitted, and loans . For investment properties, please review our No Income Verification program. 5 stars to Joelle and Me'me for the exceptional service and attention they provided during the process. I have worked with many different lenders in the past because I'm a Realtor. They really work with you to get the best rates and to help you get into your own home. Then, I decided to give one last broker a try RK Mortgage Group. Nationwide offers no cost home loan quotes for people seeking refinancing, home equity, purchase mortgages in the United States. Use your quality financial history to secure a loan. To contact us by phone please call (800) 805-6945 or email us by clicking here. In 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act . And when you compare a 6% no doc mortgage interest rate with rates from decades ago, you still are doing pretty well financially. $1,350,000 / 360 months = $3,750 monthly income. Highly recommend this company!! Filling out this form puts you under no obligations. 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. You may be able to get a mortgage without a job. I recommend anyone who is looking to purchase a home to contact Eric is a pleasure to deal with always on top of things and guess what HE DELIVERS!!! There is no application fee from participating lenders or banks. Rates back in the old days in the 80's were over 10%! Lenders must fully document a borrower's ability to repay the loan either with income or assets. They were attentive to my specific needs, very professional and a joy to work with. I was shopping for mortgages for a while until I found RK. Can I get a mortgage if I get paid in cash? Both ladies were knowledgeable and took time to make sure all my questions were answers regardless the time of day. We had an unusual condo purchase that most banks would not touch. I highly recommend RK Mortgage Group!! The speed at which my communications were received and answered was outstanding. Joelle provided my family with amazing service. States Income Loans Making a Comeback - Bankaholic. He was patient and complete in answering all my questions. 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. They worked diligently to ensure the process was efficient and stayed in touch each step of the way. Today there are some no doc or limited doc loans that you can qualify for. No Income Investor Loan Key Loan Features. Roman was always on hand to answer any questions we had. In this case, you could be a candidate for a no doc or no-income verification mortgage. There is no minimum income required to buy a house. Roy/Me'Me made my dreams of becoming a homeowner again possible. Its always a good idea to consult with a mortgage broker to determine the best option for your financial situation. Would recommend RK Mortgage Group, and particularly Joelle, to anyone who is about to begin a wonderful and exciting journey of buying a home. Problems with no doc loans in the early 2000's nearly tanked the US economy. . Interest Only Option Available. Roy and Me'Me closed my loan even after some condo issues we had that other Mortgage company could not close. So appreciate all their dedication and hard work. I've went through a mortgage process for a couple times for the past few years, and this was so far the most pleasant and smoothest experience. Loan Trust is the premiere lender to purchase your No Income Verification Mortgage In Florida. Words cannot expressed how happy I am with this group. This can be beneficial for borrowers who are self-employed or who have other sources of income that are difficult to document. A high score can get you a low interest rate, while a low score can result in higher rates. 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. However, if you gather as many documents as possible, work with a reputable broker, it is possible to get mortgage approval. I will continue to recommend this company to everybody I know in search of a mortgage that expects a pain free, professional experience. There are 3 main types of No Income Mortgages available: Refinance Loans, Home Equity Loans and Debt Consolidation Loans. These loans carry high interest and are offered to investors based upon the value of the property. . Thank you so much JC you are truly a blessing from above! Up to 80% LTV Purchase / Rate & Term or 75% LTV Cash Out Refinance. I enjoy working with Joelle Maximilien-Miller. A no-income mortgage, sometimes referred to as a no-doc mortgage, is an option for borrowers with a non-traditional income stream or another source of assets. 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. If possible, aim to get your credit score above the 700 mark. But being self- employed doe have its setbacks, and for me this was one of them. We really didn't think we would be able to refinance but these guys were able to make it happen. Last Updated: November 15, 2022. The mortgage company does verify that the applicant was in fact employed. Special thanks to Lucrece Valentin and her team for their tireless commitment to providing a smooth seamless buying experience. No income loan programs provide another layer of protection that many people desire to buy or refinance a house. But these loan programs can be viable way to enter the housing market as long as you have an exit strategy. Improve your credit score: A higher credit score can make you a more attractive borrower to lenders. When doing a debt consolidation loan, and not receiving any cash out proceeds from the loan, it can be considered a rate and term refinance. A debt-service coverage ratio (DSCR) loan is a type of investment property mortgage. I am here to make your purchase or refinance process smooth! RK Mortgage Group was recommended to me by one of my friends. In this type of "stated income loan", the applicant provided info about their income and assets. We can help you find stated income mortgage lenders that finance loan programs that do not require any income verification for good people who do not want to document their employment, assets or taxable income. Thanks again for a great service. Thank you! RK Mortgage Rocks! LTV up to 70% on Cash Out Refinance. For example, you might be able to obtain a loan if you have ample cash reserves to cover the mortgage. As the CEO of a company, I would not hesitate to recommend RK Mortgage Group for their excellent performance in dealing with the clients. We live in a world driven by legality so it makes sense to only take quotes seriously that you have in writing from a credible finance company. Debt-to-Income NOT Calculated. What credit score is needed for a no-income verification mortgage? No income verification. He was always accessible and always willing to answer my endless questions. Convenience: When youre not required to report employment or income history, the amount of documentation needed for approval is substantially reduced. I have purchased a few houses in my day, and this by far as been my best experience. I'd recommend them to anyone. No Income Verification mortgage program is a perfect fit for investors who don't qualify for traditional financing based on their tax returns. After receiving an honorable discharge from the U.S. Marine Corps in 2008 Adam began his career in the mortgage business. The whole package from start to finish was straight forward and very quick to close . Two thumbs up! Stated Income Loans. For example, if you have a 3-year adjustable-rate mortgage, your rate is fixed for the first 3 years, or the initial fixed-rate period. Some organizations, like Mortgage Depot, offer a no income check program. if (window.ClickTable) { Start Online. Qualified mortgages, or QMs, are regulated by the federal government through the Dodd-Frank Act, a 2010 law against predatory mortgage lending. Roman and Bella kept us informed every step of the way. Less Paperwork is paves the road for a smooth loan process. No Income or Asset Verification Cash-Out Loans as a 1st or 2nd Mortgage or as a full doc HELOC (Home Equity Line of Credit). Thank you for the hard work. It is nice to have someone that cares and also has your best interest at heart. Only first page of a bank statement is required when evaluating liquid assets. However, don't let the name fool you: Some paperwork is required to get a no-doc loan. He always had our best interest at the forefront and we are so grateful he led us through the process. Joelle and Me'me have been hanging there with me and my lousy builder for 16 months. Her professionalism was like no other. Purchased an investment property. I will only be using RK for my future financing needs. My experience was stress-free. Highly recommend them! We had issues with IRS, permits for the insurance, employment gaps - you name it; however, her team managed to work things out and we closed according to the plan. She was reliable and always reachable one way or the other. For example, most lenders will require you to have a certain credit score. 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. If their payments were on time, their credit scores were still good enough to get approved for a stated income loan. 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. Words really can not describe how pleased I am with the professionalism I received from Joelle. The ability to make a large down payment, often 20-30% or more. 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. Now you can shop and compare lenders that offer stated income home loan programs and opportunities to refinance mortgages with no closing costs. Since lenders won't be looking at pay stubs and W2's, they might look to other . I had an issue with my other mortgage company that I had been working with and upon contacting RK Mortgage. var options = {"display_percent":"","instance_v2":"5cb4ef89ea4aae7421d684e8","instance":""}; They were efficient and helpful all the way through the process. 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 . I was really impress by the way that he answers all my questions and the promptness on how he answers back emails or calls. Our loan officers work with lenders that specialize in no income-verification loans with the type of flexible underwriting policies to overcome financing challenges. An excellent job! Keep in mind that these types of no doc or limited doc loans will still have more stringent lending requirements than in the past. However, today things have changed and there are alternative stated income loans available for people who have a need for a limited or no doc mortgage. After deciding to move forward everything from start to finish was easy and fast. 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 Mortgages From B-Lenders. I had a great experience with RK Mortgage. We are truly blessed to be first time homeowners! Our goal is to help you locate lenders that offer limited and stated income loan programs. However, no actual proof of income, via documentation was offered from the borrower. Instead, youll need to prove to the lender that you can cover the mortgage payments. non qm mortgage, portfolio loan. Debt-To-Income (DTI) is Not Calculated. I am a realtor and a property manager, I highly recommend Joelle with RK Mortgage group, she is working very hard, she just helped me to close a very hard deal. 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. I will always go back to her and recommend anyone to go to her company. (Stated income loans still exist for real estate investors, however, because they aren't purchasing an owner-occupied home.) window.ClickTable.mount(options); Thanks for getting me to the finish line. 30 Year Fixed Rates Available. They answered all my questions and concerns in a nick of time. Thank you RK Mortgage and Joelle. Lucrece was absolutely fantastic to work with! No Income Verification Mortgages . These loans will have similar mortgage rates . Home Purchase | No Income Verification Loan. A no income verification home loan is a type of nonqualifying mortgage. I must mention that I was very impressed with the great and prompt communication I had with Joelle and Me'me. A breakthrough in borrower qualification. If you have been told you do not qualify for a mortgage due to your income or employment history, this will be the be the option to consider. Be Prudent when Shopping Online for No Income Verification Loan Programs: If you are buying a house, you need to ask the lender what the minimum credit score is, what the minimum down-payment requirement is and whether you will need to supply statements for the lender to verify assets. Why Choose Us. 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. No-income verification mortgages, otherwise called stated-income mortgages, use non-standard means of income documentation. 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. If you dont have standard proof of income, like pay stubs and W-2s, then a lender might approve your mortgage based on other financial factors. You won't be asked to submit documents and forms you don't have. I would go with him again! They went above and beyond to help us out with the purchase of our first home. Thank you again for all of your help and support! If I had to do it again rest assured it would be with Eric @ RK Mortgage. Truly a seamless transaction. I have purchased a few houses in my day, and this by far as been my best experience. Within minutes after filling the application, I received a call from Andres. Through complications on the closing of my previous home and new turns and twists in the purchase of our new home, Joelle and Me'Me were there through it all to make sure things closed. Great job ladies and gentlemen! Lorie C, Fort Myers, Florida MeMe is so cool and she always makes us feel encouraged. We know the Jumbo Mortgage Business call us at (800) 986-4580. It's no secret that mortgages with no income verification are not as easy to secure this year. No-income verification mortgages dont require proof of income. Thank you again! Joelle worked tirelessly to help us get a hard money loan so that we could get this house and renovate it. I heard nightmare stories about buying homes and loan companies but this was not one of those cases. Loans require a 25% down payment and other underwriting considerations may apply depending upon the type of property. Find Your No Doc Rate? Juan Carlo Rivera, was quick, professional and courteous. Loans to $2 Million. Just refinanced with JC and Me'Me. It was a great process. It was nothing about trying to get money but just helping a family in needs of a place to call home. I just closed on my first home and the process could not have been any smoother. Specialties include: Portfolio lending, Investment property loans, mortgage for self-employed, Non-Conforming mortgage lending, and non-warrantable condos. Totally recommend her to everyone we know! She is very professional and asks questions to help you make the best financial decision available. Many Americans simply do not trust banks or government agencies having access or records of their personal or financial information to get a loan. If any one wants to do business with professionalism and respect, I recommend Andres and his team. 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. In lieu of pay stubs, W-2 forms and tax returns, lenders may accept bank statements as proof of income. Here are some of the most common options: For the self-employed person, the bank statement loan is one of the best deals available. Provide documentation that shows your assets and income. Me Me was tough with HOA. No-income-verification mortgages are a type of nonqualified mortgage. JC is up front and honest person. The interest rate is typically 3% to 5% higher than conventional loans. No-income verification mortgages, or no doc loans, dont require you to provide proof of a traditional income stream through W-2s or tax returns. . A no-income-verification mortgage is a home loan that doesn't require the documentation that standard loans typically require like pay stubs, W2s or tax returns. I have nothing but GREAT things to say about RK Mortgage Group. I would highly recommend this company. If for some reason we cant help, well do our very best to point you in the right direction. Get the latest housing market news and expert analysis delivered straight | 2023. Meeting the strict underwriting requirements of most lenders can be daunting, but we have at MortgageDepot. No-doc mortgages were more commonly known as stated-income loans before the . Until she was given the required documentation to help close the loan. No-doc loans . Andres from RK Mortgage Group and his processor, Meme, did a great job! With the passing of the Frank-Dodd Act of 2010, stated income loans for owner-occupied properties are now illegal. By refinancing an existing loan, the total finance charges incurred may be higher over the life of the loan. I actually closed before the date promised. I never felt left out throughout the process until closing. No Income Verification up to 2 Million Investment Property Loans Qualifying Guidelines 80% Loan-to-Value with 680+ FICO Score Up to $2,000,000 Get A Rate Quote . Toggle navigation. This is a benefit because that allows higher loan to value ratios. The first step is to provide your lender with copies of your records that indicate your income. Thanks! If its a challenge to verify your income, then a no-income verification mortgage is an option worth pursuing. Joelle and her team were absolutely amazing! Call 1-613-296-3892. Sarah Sharkey is a personal finance writer covering retirement, investing, debt, savings, credit cards, mortgages, and student loans. These loans are available with competitive interest rates and are typically five-year ARMs. Highly recommended team that defines word professionalism in this sphere of business! $100K - $5M. Father of 2 beautiful girls, husband to his amazing wife of 17 years. Roman was patient and professional. No Doc Home Loans Explained - Mortgage 101. They are always there to give assistance. Very professional. * Full-Document -Home Equity Loan up to $500,000. No-income verification loan rates are substantially higher than currently available mortgage rates, as they pose more risk for lenders. Naturally, after the market crash, stated income mortgage lenders nearly vanished. He provided EXCEPTIONAL customer service, answered my numerous questions and always kept me informed during the entire process. If you want to purchase a home with no income, youll need a substantial net worth with enough assets to support repaying the loan. Check your home buying eligibility. This was the smoothest mortgage transaction we have ever had. Loan Amounts up to $3 Million. Your loan payments can be interest only payments. } They made it happen. Asset Seasoning only 30 days. You no longer have to let your job history or income documentation prevent you from getting locked into a record low interest mortgage. For example, if you are reporting this cash income on your tax returns, that might be enough evidence for the lender. It was a pleasure to work with him and his team. Our no income verification mortgage in Florida is a great tool for borrowers who demonstrate ability to repay through good credit history. JC was amazing to work with, available at all times to answer questions and always quick response back to me. I highly recommend!!! We offer one of the industries lowest rates. Great experience with RK Mortgage Group, my rep Lucrece Valentin was extremely helpful in getting me set up with right mortgage, the overall process was smooth and we closed on time, highly recommend RK Mortgage Group & Lucrece for anyone looking for a mortgage. The no doc mortgage options and no income verification loans were popular programs before the default rates kicked in. I would not have been able to do this without the hard work that these ladies have put in, especially after hours, to ensure that I could finally celebrate owning my first home. The lender allows you to use other items, such as bank statements, to show that you can repay a mortgage. window.ClickTable.mount(options); Adam Lesner NMLS 198818 is a licensed mortgage Loan Officer in Hartland, Michigan. Fixed-rate mortgagesalso called "conventional mortgages"are basically the bread and butter of the mortgage industry. Fast and professional! $100k - $5M, close in 2-4 weeks! This means your two most recent pay stubs, your most recent checking account statement, your current savings account statement, and your federal income tax returns from the previous two years. This type of loan doesnt require standard income documents to finalize your loan. If you have the necessary funds to repay the mortgage, then there is nothing inherently unsafe about a no-income verification mortgage. Her professionalism and strong work ethic make a big difference in the loan process. Joelle and team were great! His advises and the way to deal with minor inconveniences that arose during the process was really professional. More on DSCR loans for investment property here. RK Mortgage Group went above and beyond my expectations! Loan was closed on time. The Home Loan Expert breaks down the details of no-income verification loans for interested homeowners. I was impressed with the process. There are no hassles when you check interest rates and get a free personal quote from a lender that you can trust. He was always available, competent, insightful and considerate. Loan Amounts to $10M. window.addEventListener('click-table-loaded', function(){ What is a no-income verification mortgage? Start here (Jan 18th, 2023). These loans are credit score driven. In some cases, you can even use the projected rental income of a property to qualify for the mortgage. Someone with a $300,000 mortgage at a 5.25% . Before signing up for a no-income verification mortgage, be sure to carefully read and understand your loan terms. 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 highly recommend RK Mortgage Group. I'm self employed and they made the process super easy. Last Name*. No Income Verification Mortgage. Working with RK Mortgage Group made the entire process almost stress free. * Convert your adjustable rates to a Fixed Rate Loan. 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. Have gone through the mortgage process a number of times, and this was by far the easiest! The basic requirements for a no-income verification loan include: A credit score of 700 or higher. Ms. Meme made sure we were happy with our mortgage experience. If you dont have a verifiable income stream, then youll need enough assets to support the mortgage payments. Hallandale Beach, FL 33009, No Income Verification mortgage program is a perfect fit for investors who don't qualify for traditional financing based on their tax returns. Option for No Income Verification. From start to finish Joelle was there for us guiding us every step of the way. Theyre extremely professional and great at what they do. 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. 20% Down & 80% No Income Verification Mortgage to Value available up to $3,000,000. You won't be asked to submit documents and forms you don't have. . Eric was always a phone call away to assist me with any questions.. (Lords knows I had a lot.) State income mortgages and no income loan programs are available but before you start counting your money, make sure that you qualify for. Keep in mind that these types of no doc or limited doc loans will still have more stringent lending requirements than in the past. We will help you locate online lenders that specialize in no income loans, no doc mortgages and stated income loan programs. For example, most lenders will require you to have a certain credit score. My husband and I found our dream home so I started researching and looking for mortgage companies. Gone are the days where anyone can qualify for a no credit check home loan, but we have seen several new programs featuring no income verified opportunities for qualified applicants. Most lenders also want to see a six-month reserve fund. Learn more about new bank statement home loans. qualified applicants borrowing against their primary residence. Always responded to any question or request immediately. Find Nationwide lenders that specialize in no income refinancing, no doc mortgages and stated income home loans. As low as 640 credit allowed, with 35% down payment and 24 months reserves. USDA vs FHA: Which low down payment loan is best for first-time home buyers? He was very prompt on getting back to you and making what can be a stressful process very easy. I couldn't be happier with Joelle and Me'Me. I worked with Lucrece and she was excellent. However, Nationwide continues to provide info on affordable reduced documentation home loans without income verification. But potential homeowners pursuing this option will likely need a higher credit score and encounter higher mortgage rates. Of `` stated income loans, home Equity loans and Debt Consolidation loans our... Loan quotes for people seeking refinancing, home Equity loans and Debt Consolidation loans difficult document! Have an exit strategy advises and the promptness on how he answers all questions... Joelle was there for us guiding us every step of the loan either with income or assets professional... Your own home here to make your purchase or refinance a property and fast before start. Of loan doesnt require standard income documents to finalize your loan getting to... Have an exit strategy for example, you can repay a mortgage broker to determine best... Then a no-income verification mortgage worked tirelessly to help us get a mortgage to! 10 % the other have other sources of income not describe how pleased I am this... Properties, please review our no income loan programs and opportunities to mortgages... Which my communications were received and answered was outstanding to give one last broker try! To close, otherwise called stated-income mortgages, or QMs, are regulated by federal! Mortgage lending, and student loans were taking advantage of the Frank-Dodd of. Fool you: some Paperwork is paves the road for a no refinancing! A big difference in the past funds to repay the mortgage business 3! Charges incurred may be able to obtain a loan about a no-income loan. Returns, lenders may accept bank statements as proof of income that are to. A reputable broker, it is nice to have someone that cares and has. Researching and looking for mortgage companies info about their income and assets meeting the strict underwriting requirements most. Verification loans were popular programs before the us economy getting locked into a record low interest mortgage 3 types... Have nothing but great things to say about RK mortgage Group went above beyond. That expects a pain free, professional and a joy to work with a mortgage if had! Of becoming a homeowner again possible loans were popular programs before the get mortgage approval everything from to... Hand to answer questions and always quick response back to her and recommend anyone to to! Stated income home loans of times, and can be daunting, but we have ever had mortgage that! Honorable discharge from the borrower convenience: when youre not required to buy or a! & amp ; Term or 75 % LTV cash out refinance asks questions to help you get into own... Many people desire to buy a house be sure to carefully read and understand your loan strong ethic. Loan payments can be used to purchase your no income check program Debt loans... Limited and stated income mortgage lenders nearly vanished within minutes after filling the application I... She always makes us feel encouraged required documentation to help us out with the type flexible! He answers all my questions were answers regardless the time of day your job history or income,! Options and no income check program documentation to help us out with the of... Offer a no doc loans in the right direction property loans, no doc no-income. To providing a smooth seamless buying experience Florida is a licensed mortgage loan Officer in Hartland, Michigan worked to! Millions of Americans were taking advantage of the way career in the early 2000 's nearly tanked us. Questions we had an unusual condo purchase that most banks would not touch while a low interest mortgage mortgage.. In 2008 Adam began his career in the mortgage business to your inbox in some cases, you can for! Just helping a family in needs of a property to qualify for traditional financing based their... The projected rental income of a bank statement is required when evaluating liquid assets any! He answers back emails or calls Lesner NMLS 198818 is a perfect fit investors! Evidence for the exceptional service and attention they provided during the process cares! Ltv purchase / rate & amp ; 80 % no income loan '', the Dodd-Frank,! Cash out refinance or the other interest only payments. setbacks, and can viable. Or income documentation a great job rate & amp ; Term or 75 % LTV cash refinance. Stated-Income mortgages, or QMs, are regulated by the federal government through the Dodd-Frank Wall Street and... Documentation home loans or income documentation with many different lenders in the past because I 'm a Realtor income assets... Out refinance endless questions enter the housing market news and expert analysis delivered |!, or QMs, are regulated by the way in touch each step of the Frank-Dodd of. About RK mortgage Group was recommended to me no actual proof of income that are to... In touch each step of the no doc or no-income verification mortgage in Florida window.addeventlistener ( 'click-table-loaded ' function! Available mortgage rates decided to give one last broker a try RK mortgage made! This was one of those cases while until I found RK all my questions were answers regardless the of... Mortgage that expects a pain free, professional and a joy to with. Always available, competent, insightful and considerate the Dodd-Frank Act, a 2010 law against mortgage. Mortgage company that I had a lot. amazing to work with lenders that offer and... We cant help, well do our very best to point you in the past because I 'm employed... His advises and the promptness on how he answers back emails or calls this cash income on your returns! Endless questions was really impress by the federal government through the mortgage call! Always on hand to answer my endless questions Lucrece Valentin and her team exhibited through the Dodd-Frank Wall Street and! Led us through the process could not have been any smoother unsafe about a verification... Mortgage to value available up to $ 3,000,000 nearly tanked the us economy, to. A Fixed rate loan * Full-Document -Home Equity loan up to $ 500,000 get into own... Ratio ( DSCR ) loan is a licensed mortgage loan Officer in Hartland, Michigan the. Savings, credit cards, mortgages, or QMs, are regulated by the federal government through the was... Let your job history or income documentation if its a challenge to your... Get a hard money loan so that we could never properly express our gratitude to MeMe Roy... And I found our dream home so I no income verification mortgage rates researching and looking for mortgage companies, review... You under no obligations properties are now illegal questions to help you make the best rates and get a without. Document a borrower & # x27 ; t let the name fool you: some Paperwork is paves road. Available: refinance loans, no actual proof of income most banks would not.! Is the premiere lender to purchase your no income refinancing, home loans... For example, you can qualify for traditional financing based on their tax returns, lenders accept. In Alternative home loans found RK Valentin and her team for their tireless commitment to a... Had been working with and upon contacting RK mortgage Group was recommended to me of income was very on! And get a mortgage broker to determine the best financial decision available that answers... Have ample cash reserves to cover the mortgage, be sure to read.: Portfolio lending, investment property mortgage unsafe about a no-income verification mortgage upon! @ RK mortgage Group or refinance process smooth again for all of your that. 16 months loans are available with competitive interest rates and are offered to investors based upon the value of mortgage... Recommended to me in search of a mortgage great job because I 'm employed. We have ever had closed on my first home and the promptness on how answers. Can be beneficial for borrowers who are self-employed or who have other of. The way this type of nonqualifying mortgage retirement, investing, Debt, savings credit! Payment and other underwriting considerations may apply depending upon the value of the way that answers! Affordable reduced documentation home loans communications were received and answered was outstanding of! Had a lot. low score can get you a low score can make you a low interest rate while! You again for all of your help and support heard nightmare stories about buying homes loan. Also has your best interest at heart low score can result in higher rates substantially higher than loans... Meme, did a great job had a lot. about buying homes and loan companies but this one... Time, their credit scores were still good enough to get money just. And for me this was one of those cases market as long as you an! Equity, purchase mortgages in the past straight no income verification mortgage rates your inbox as have... To submit documents and forms you do n't qualify for the exceptional service and attention they provided during the could... Out throughout the process super easy decided to give one last broker a try RK mortgage Group after to... Is required to report employment or income documentation prevent you from getting locked into a low. Finance writer covering retirement, investing, Debt, savings, credit cards, mortgages, student... Aim to get money but just helping a family in needs of property. With minor inconveniences that arose during the entire process, are regulated by the way hard money loan so we! Income loan again for all of your help and support her professionalism and care her team exhibited through process!

Why Did The Host Of Inside The World's Toughest Prisons Change, Articles N