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NO INCOME VERIFICATION – Loans where your income is not requested or verified are limited to 70% Loan to Value. The borrower has to bring at least 30% down payment. The borrower has to bring at least 30% down payment.
Stated Income Loans New York Stated Income Loans New York – lionmtg.com – New york stated income loans (N/A) A stated income loan is a mortgage loan available for individuals that are self-employed and may not have the traditional income verification documents like w-2’s and tax returns needed for a mortgage.
Click here to check today’s mortgage rates. stated income loans: Available within Business Lending "If I wanted to go refinance my house or buy a new house to live in and get a stated income loan, I couldn’t do it," says Brian O’Shaughnessy, CEO of Athas Capital Group, based in Calabasas, Calif. "It is against the law to get a stated.
No Ratio mortgage loans are for borrowers who do not wish to disclose their income; therefore there is no debt-to-income ratio for the lender to consider. The No Ratio borrower has good credit and abundant assets that make up for the lender not considering the borrower’s income information.
· Alt or Lite doc loans are not the crazy products from years ago – with no verification of any kind, no down payment, and no minimum FICO score. Schnall explains that his bank requires: 35-40 percent down payment – significantly more than needed for a traditional mortgage. 700 minimum FICO.
Income documentation is not required for this No Income Check Program. A credit score of minimum 650 is a must. Available for cash out refinance at 70% loan to value and for purchases at 75% LTV. We have lenders that continue to portfolio these types of loans others can’t.
Texas has no state income tax and pretty high property taxes, while Arkansas has lower property taxes but about 6% income tax. We plan to put down about $200,000 on a new home and obtain a mortgage.
Presidential Mortgage – Loan Programs – No credit check. No Income Verification. No Financials Needed. Loan is based on Equity in Investment Property. Interest Only Payments up to 5 Years. CONSTRUCTION & SPEC LOANS. No credit check. No Income Verification. Interest Only Payments up to 5 Years. May allow 2nd mortgages on Property. HARD MONEY LENDING.
No income loans aren’t just something that should be taken without some level of deep thought. No income loans are widely accessible through the power of the internet, and with more lenders providing easier and easier access all the time, online no income loans are becoming more and more normal.
