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Still Doing No Doc Mortgages?

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Latest post Tue, Oct 20 2009 7:11 PM by Bob V-G. 5 replies. Viewed 776 times.
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  • Sun, Oct 11 2009 4:21 PM                

    • Anonymous

    Is there any financial institution that is still doing no doc mortgages?
  • Mon, Oct 12 2009 4:08 PM                 In reply to

    Not quite sure what you mean by "no doc" but if you mean Stated Income mortgages and you are self-employed and you live in NJ, NY, CT there is still one program available.  Please understand there are some restrictions so feel free to contact me if you meet the above guidelines and I will be more then happy to explain this in further detail.

    Thanks!

  • Mon, Oct 12 2009 9:55 PM                 In reply to

    hard money lenders...

     

    if you don't want to pay taxes, then you can't get a loan these days...(at least, not at an attractive rate)

    PREMIUM MEMBER
    Brian A. Kroskey
    Senior Mortgage Loan Officer
    Ecommerce Mortgage Division - Lending in All 50 States
    (888) 293.0264 (Option 1 Twice) ext. 44092
    Brian.A.Kroskey@BankofAmerica.com
  • Mon, Oct 12 2009 10:32 PM                 In reply to

    There are some portfoilo banks and private equity lenders that will finance up to 50-60% of a home using very little income or asset documentation. Commercial loans also lean more heavily on the profit of the property and not the assets of the individual . . . but only if the individual has his or her own cash to bring to the table ("skin in the game"). For the most part, loans without documentation are not widely available anymore.

    PREMIUM MEMBER
    Kelcey Morange, Mortgage Consultant Massachusetts Lic # 85965
    Mortgage Master, Inc. 153 Andover St. #200 Danvers, MA 01923 kmorange@mortgagemasterinc.com
  • Tue, Oct 20 2009 5:18 PM                 In reply to

    With the limited amount of information in regards to what your looking to accomplish in the refinance, I can let you know that there have been sucess with Freddie Mac to Freddie Mac du refi plus options.  Appraisal waiver in addition to that. 

     

    Voyage Home Loans

    Mike Kim

  • Tue, Oct 20 2009 7:11 PM                 In reply to

    Bank of West will do stated in CA.

    PREMIUM MEMBER
    Bob Van Gilder, Broker- Finance One Mortgage Ph (530) 644-5395, eFax(877)468-5395 email: financeone@juno.com CA DRE lic # 01193406
    California only please---But I can refer you to professionals throughout the nation.
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