Contact one of ourloan consultantsto learn more about this program. 5/1 ARM, 30-Year Fixed. Thanks guys so much. Debt-To-Income (DTI) is Not Calculated. Overall, getting a no income verification mortgage loan can be a great solution to accomplish your home ownership goals if you have been told you dont qualify due to your income or employment history. Great Job thank you. They are always there to give assistance. The lenders we work with provide financing to borrowers who cannot meet traditional underwriting criteria offer no income-verification mortgages to individuals and properties meeting the following guidelines: Up to 75% loan-to-value ratio based upon property type When others said no they kept pushing and found a way to get it done. Excellent service, Roy kept me informed each step of the way. Within minutes after filling the application, I received a call from Andres. And it was the best experience by far! I will always go back to her and recommend anyone to go to her company. Facebook. Thank you again for all of your help and support! Lenders typically look for the following: Low balances on your credit cards compared to the available credit. Office, Retail, Warehouse, Self Storage, Automotive Service ( No gas stations). We have experienced loan officers who specialize in no income-verification financing to provide guidance and advice to borrowers about this and other mortgage programs offered by MortgageDepot. Last Name*. I just closed on my first home and the process could not have been any smoother. Low Rates. Until she was given the required documentation to help close the loan. We're forever Thankful for her. window.ClickTable.mount(options); I will extremely recommend RK Mortgage Group to others looking to get approved for a loan. Ms. Meme made our dreams of owning a home come true! I highly recommend!!! My husband and I found our dream home so I started researching and looking for mortgage companies. USDA vs FHA: Which low down payment loan is best for first-time home buyers? 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. It was quite an experience with mixed feelings. Specialties include: Portfolio lending, Investment property loans, mortgage for self-employed, Non-Conforming mortgage lending, and non-warrantable condos. Thank you guys for everything. We're a favorite among self employed, business owner's and investor's unable or unwilling to use their tax returns to qualify for a mortgage. Income Documentation is Not Required. Learn more about new bank statement home loans. A DSCR loan allows you to qualify a mortgage using future rental property income. No Tax Returns / No W2 . Lucrece and her team were awesome! Our no income verification mortgage in Florida is a great tool for borrowers who demonstrate ability to repay through good credit history. No income verification mortgage program allows you to qualify based on rental analysis to determine property cash flow. If any one wants to do business with professionalism and respect, I recommend Andres and his team. You don't need to show pay stubs. If you are refinancing, you need to find out what the fico score and loan to value requirements are before making a commitment. His knowledge was invaluable to us during this whole journey. I couldn't be happier with Joelle and Me'Me. Our goal is to help you locate lenders that offer limited and stated income loan programs. Whether you need an equity loan, purchase mortgage or refinance, Nationwide will help you find companies that continue to offer alternative lending with no income verification programs for qualified applicants. }) During this period, borrowers without a steady income and low credit could just state their income and get mortgage approval. I highly recommend Joelle and RK Mortgage Group! My husband and I have been trying to buy a home for a very long time. 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. 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. Gift funds are not permitted, and loans . Purchased an investment property. A breakthrough in borrower qualification. Joelle and processor Me Me were amazing! Will recommend to anyone needing a mortgage. Rather than requiring the person to submit tax documents, W-2s and pay stubs, lenders base the approvals for these limited doc loans on your bank statements and P&L statement from your company. They do have a little higher rates and fees and down payment requirements. To contact us by phone please call (800) 805-6945 or email us by clicking here. qualified applicants borrowing against their primary residence. What credit score is needed for a no-income verification mortgage? Very easy happy close all the way!! 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. 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. Many applicants are good and qualified borrowers that have difficulty documenting their income the way traditional lending underwriters require. . Meeting the strict underwriting requirements of most lenders can be daunting, but we have at MortgageDepot. RK Mortgage group and Joelle in particular was amazing to work with. Keep in mind that these types of no doc or limited doc loans will still have more stringent lending requirements than in the past. It was a pleasure to work with him and his team. In the end, Stephanie, MeMe, and the staff have contributed all their time and effort to help us realized our dream to have a house of our own. There is no minimum income required to buy a house. The speed at which my communications were received and answered was outstanding. Constant and accurate information and updates. I am here to make your purchase or refinance process smooth! He also does conventional loans. I was working with Roy and Me'Me. They answered all my questions and concerns in a nick of time. No Income Verification mortgage program is a perfect fit for investors who don't qualify for traditional financing based on their tax returns. You won't be asked to submit documents and forms you don't have. Loan Amounts to $10M. var options = {"display_percent":"","instance_v2":"5cb4ef89ea4aae7421d684e8","instance":""}; So you dont need a traditional income to qualify. Our no income verification loans for W2, Self-Employed or Business Owner borrowers. Thank you RK Mortgage Group Inc. We highly recommend them to anyone purchasing a home. We highly recommend RK Mortgage Group. But potential homeowners pursuing this option will likely need a higher credit score and encounter higher mortgage rates. window.addEventListener('click-table-loaded', function(){ In lieu of pay stubs, W-2 forms and tax returns, lenders may accept bank statements as proof of income. After receiving an honorable discharge from the U.S. Marine Corps in 2008 Adam began his career in the mortgage business. This can be appealing for those who do not want to disclose their income or employment to a lender. This type of loan doesnt require standard income documents to finalize your loan. Self employed borrowers should also review our Bank Statement program. No Prepayment Penalty Option Available. We highly recommend him and RK Mortgage Group! Call for Terms and Pricing. We are a Top Leading Mortgage Broker that Specializes in No IncomeVerification Loans. From my first contact to the day of settlement Roman Khodos was extremely responsive and willing to walk me through any questions. Up to 75% LTV Purchase /Rate & Term. No Income Verification Mortgages From B-Lenders. Fast, efficient process with minimum efforts. Loans to $2 Million. For people who are self-employed, you can expect to bring only one year of profit and loss statements. However, youll need to have sufficient existing assets to repay the loan. Stated Income Loans. A no income verification home loan is a type of nonqualifying mortgage. He also got me a great rate on my mortgage! 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. You can improve your credit score by paying your bills on time, keeping your credit card balances low, and avoiding applying for too much new credit. Andres was excellent and perfectly understood what I was looking for. Many self-employed clients choose the no income loan options for home refinancing and house flipping loans. While they can be a convenient option for many borrowers, there may be additional requirements that you need to meet. Many thanks for their hard work. Yes there are several great options on these NonQM (as they are called) loans today. Our Experience with RK Mortgage Group was superb. Plug those numbers into the formula and you get DSCR = $2,150,000/$350,000 = 6.14. As the CEO of a company, I would not hesitate to recommend RK Mortgage Group for their excellent performance in dealing with the clients. 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! Instead, you can qualify for the loan based on your assets. Thanks. RK Mortgage Group was recommended to me by one of my friends. Specialties: NMLS #322945. Thank you again Lucrece & MeMe! 30-year fixed-rate term or 3- and 5-year adjustable-rate mortgages available They never missed a call anytime I had a question or concern. However, these are non-qualified mortgage (non-QM) programs, meaning they are controlled by individual lenders and not regulated by any government agency. Lorie C, Fort Myers, Florida Some organizations, like Mortgage Depot, offer a no income check program. Starting from the communications, rates and processing time, everything was on the top. A good number to target is 20%. We know the Jumbo Mortgage Business call us at (800) 986-4580. Working with RK team was truly a pleasure. They truly were with me every step of the way in the process. I went to Joelle after my other mortgage broker gave me a pre qualification, let me sign a contract and then informed me he couldnt make it happened. You may be able to get a mortgage without a job. Took the time to explain everything. He was quick to respond any my questions (even after standard business hours). Lucrece was very helpful and gave us hope about the refinance. 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. Please inquire with lender for updated program qualifications that pertain to your state and your credentials. These loans are credit score driven. Great team to work with. Thanks! How can I buy a house without 2 years of income? 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. Once we contacted RK Mortgage Group and spoke to Joelle her experience, knowledge and professionalism put us at ease. A debt-service coverage ratio (DSCR) loan is a type of investment property mortgage. 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. Ms. Meme made sure we were happy with our mortgage experience. Joelle and team did a great job! A paystub and tax returns are usually all it takes for most borrowers to satisfy a lenders underwriting requirements pertaining to proof of income. Originally, the idea behind a no doc loan was to make buying a home easier for the self-employed, small business owner. Will definitely recommend! Before signing up for a no-income verification mortgage, be sure to carefully read and understand your loan terms. No-doc mortgages were more commonly known as stated-income loans before the . 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) . Always fast to respond to phone calls and any concerns, great with answering unlimited questions of first time homebuyers, explaining every step of the way, and simply getting things done. I actually closed before the date promised. The lender accepts other items, such as bank statements, as proof you can repay the mortgage. . I would highly recommend using RK Mortgage Group for all future loans. Nationwide offers unique no income mortgage options on 1st & 2nd loan products. Working with RK Mortgage Group made the entire process almost stress free. Thank you RK Mortgage Group and Thank you Joelle! Call 1-613-296-3892. Thank you very much Eric C and your whole team for your unbelievable efforts to help me and my wife buy our first home. Check your mortgage rates. You, guys, did a great job! 1-4 Families + Condos. Rates Starting at 7.46%. We wasted multiple months trying other mortgage companies. Stated Income Loans. Your loan payments can be interest only payments. Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Pinterest (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Tumblr (Opens in new window), Click to share on Pocket (Opens in new window), Click to email a link to a friend (Opens in new window). However, you do need to prove that you have enough cash flow, savings, or other assets to make consistent mortgage payments over the life of the loan. Option for No Income Verification. They educated my wife and myself on the process and helped us make an informed decision . It is always a pleasure working with her always a positive attitude and very knowledgeable in the field. However, if you gather as many documents as possible, work with a reputable broker, it is possible to get mortgage approval. Very knowledgeable and professional! Thank you! Mortgage rates and home loan programs are subject to change without notice. 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. These loans are available with competitive interest rates and are typically five-year ARMs. 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. Always responded to any question or request immediately. No doc loans, short for no documentation loans, are mortgages that require little to no paperwork to qualify. He was always there to reassure me and keep me focused. Consent is not required to purchase goods or services from lenders that contact me. 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. They helped us along the way. 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. 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. No income verification No tax returns 30-year terms. As a first-time homebuyer, I never knew how to go about buying a house. The average 5/1 ARM rate, on the other hand, was just 4.08 percent. This company was such a pleasure to work with. Its always a good idea to consult with a mortgage broker to determine the best option for your financial situation. But these types of loans require proof of other assets. $100K - $5M. We actually closed in 26 days. Are you getting declined from your current lender because you don`t qualify for a Mortgage? When they say they work fast, they mean it. I worked with Andres at RK Mortgage. This is a benefit because that allows higher loan to value ratios. First I want to express my deepest gratitude to Juan Carlos Riviera for his patience, courtesy and professionalism. *This product is not regulated by the New York State Department of Financial Services. Your dedicated Loan Specialist will be your guide from application to closing. Nationwide Mortgages. 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! See below some highlights of the program. His advises and the way to deal with minor inconveniences that arose during the process was really professional. Instead, you may be able to . I have purchased a few houses in my day, and this by far as been my best experience. This can be appealing for self-employed individuals or those who have fluctuating or hard-to-verify income. We had an unusual condo purchase that most banks would not touch. If you get paid in cash, it might be possible to get a mortgage. LTVs up to 75%. Highly recommended team that defines word professionalism in this sphere of business! After several unsuccessful attempts, We found Eric @ RK Mortgage. The no doc mortgage options and no income verification loans were popular programs before the default rates kicked in. No Income Verification Mortgage. My questions were answered quickly and professionally. Me'me was my loan processor and was great also. 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. Can I get a mortgage if I get paid in cash? . It's no secret that mortgages with no income verification are not as easy to secure this year. Rates as low as 7%. 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. I'm self employed and they made the process super easy. Why Choose Us. The lender allows you to use other items, such as bank statements, to show that you can repay a mortgage. Talk to a lender: (866) 240-5121. As a realtor I want to make sure my clients are taken care of and with Joelle that is not even a concerned. Amazing helpful team! Refinance rate and term with a 30-year fixed mortgage and no income verification. Home | About Us | Warranties and Terms | Articles. I wish them lots of clients (not like me), luck and prosperity! Many Americans simply do not trust banks or government agencies having access or records of their personal or financial information to get a loan. Start afree quote toget aninterest rate and payment estimate. I was really impress by the way that he answers all my questions and the promptness on how he answers back emails or calls. We were pleased on how efficiently and promptly everything was handled. RK Mortgage Rocks! No income verification mortgages, also known as stated loans or reduced documentation loans, were popular in the early 2000s and offered a loan to anyone with a minimum credit score with no verification of income required. Sarah Sharkey is a personal finance writer covering retirement, investing, debt, savings, credit cards, mortgages, and student loans. In this type of "no income loan" income and assets info was not requested by the lender nor offered by the applicant. Thank you for the seamless experience! Adam responded to emails "We can't say enough good things about Adam. We would recommend them with enthusiasm! It was a great pleasure to work with RK Mortgage Group from initial call to closing. Having a higher score may increase your chances of getting approved for a no income verification mortgage loan. Phone Number*. Lucrece worked with me through the entire process and was easy to work with. Strongly recommended! There are 3 main types of No Income Mortgages available: Refinance Loans, Home Equity Loans and Debt Consolidation Loans. Lucrece was the best! Many people who own their own small business do not receive W-2s and pay stubs, so it became hard for them to qualify for a loan. Get the latest housing market news and expert analysis delivered straight Thank you so much Joelle for your service. Fixed rates/Adjustable. He was always accessible and always willing to answer my endless questions. He is respectful and a complete gentleman. JC was very prompt in answering my questions and obtaining the lowest rate possible for the refinancing of my townhouse. The key here is that your taxes should be filed and show that no money is . I had an issue with my other mortgage company that I had been working with and upon contacting RK Mortgage. RK Mortgage Group, especially J C Riviera, were very professional, respectful and easy to have help us refinance our mortgage. Rocket Mortgage does not offer this type of mortgage. The loan is approved based on credit and reserves. Fast and professional! . Filling out this form puts you under no obligations. No income verification. Stated Income Loan (See lenders for guidelines). window.ClickTable.mount(options); However, you should expect the lender to require a relatively high credit score. Very professional. 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. Truly a seamless transaction. Smooth and easy to work with an extreme pleasure all around. We found the home we fell in love with and the deal was completed within 5 weeks. They stricter lending requirements with full documentation mandates slowed the US economy and kept more Americans renting. No hidden fees or surprises. Loan was closed on time. We have owned somewhere in the neighborhood of 20 houses, and used mortgages on all of them, so we know what we're talking about! For investment properties, please review our No Income Verification program. We have purchased our forever home in lovely Key West Florida! This can be beneficial for borrowers who are self-employed or who have other sources of income that are difficult to document. Joelle provided my family with amazing service. Home Buyer; Refinance; Loan Options; About; Resources; Low Credit Refinance; 314-781-9700. . Every time I was confused, she was always there to help. I would go with him again! I could not have done this without her expertise and guidance. 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. A phone . Highly recommend this company!! No-income verification loan rates are substantially higher than currently available mortgage rates, as they pose more risk for lenders. They went above and beyond to help us out with the purchase of our first home. She was reliable and always reachable one way or the other. We do not require pay stubs or tax statements. Joelle at RK Mortgage Group was fantastic to work with and made a very difficult process stress free. We really didn't think we would be able to refinance but these guys were able to make it happen. No tax returns! Not everyone will be approved nor can loans be guaranteed online. Very helpful and attentive throughout the whole process! Interest Only Option Available. RK Mortgage Group team exceeded my expectations in every way possible!! We were treated like royalty, with compassion and warmth. Just refinanced with JC and Me'Me. Joelle and Me'me have been hanging there with me and my lousy builder for 16 months. Totally recommend her to everyone we know! Can you buy a house with no money down? They were efficient and helpful all the way through the process. Lenders must fully document a borrower's ability to repay the loan either with income or assets. A: Yes, there are mortgages available with no tax returns required but they are only offered by certain lenders. It was nothing about trying to get money but just helping a family in needs of a place to call home. From start to finish Joelle was there for us guiding us every step of the way. 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. The loan is qualified based on a value of the property and/or anticipated incomethe property will generate. I'm writing this review in my new house and Im thankful to RK Mortgage Group for this. This gives them an asset-based "income" of $3,750 per month. He kept constant contact with me on any updates throughout the process. 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. In some cases, you can even use the projected rental income of a property to qualify for the mortgage. Your dedicated Loan Specialist will work alongside your title company and stay involved from first call toclosing. No-documentation mortgage loans, also called no-income verification loans, make it possible to buy real estate without providing things like W-2s or pay stubs to prove your income. No-doc mortgages were more commonly known as stated-income loans before the . 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. As a homebuyer, its often easier to work through the mortgage process if you have a steady W-2 income for your household. 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. Typically, these loans charge higher interest rates than qualifying loans, but can be easier to get approved if you're self- or seasonally employed. Home Purchase | No Income Verification Loan. On fixed-rate loans, the fixed-rate period is the life of the loan (30-year fixed, for example). 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. Find Your No Doc Rate? 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. I'm happy. It can also be useful for those who want to keep their employment information private. Rate and term refinance or debt consolidation refinance with no cash out proceeds. For example, you might show bank statements or investment account balances to prove to the lender that you can afford the mortgage payments. Talk to lenders and find competitive pricing. It was a learning experience for us. Qualify For Your No-Doc Loan or Alternative Mortgage Loan Today. 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. Thank you again. autodialing, text and pre-recorded messaging) via telephone, mobile device and/or email, even if your telephone number is currently listed on any state, federal or corporate Do Not Call list. Yes, its possible to get a mortgage without a verifiable income. Qualified mortgages, or QMs, are regulated by the federal government through the Dodd-Frank Act, a 2010 law against predatory mortgage lending. Roy and Me'Me closed my loan even after some condo issues we had that other Mortgage company could not close. Thank you!!!! 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 . As easy to secure this year minor inconveniences that arose during the process us (! These guys were able to refinance but these guys were able to get money but just helping a family needs... Yes there are mortgages available: refinance loans, the idea behind a no income verification loan... This program form puts you under no obligations express my deepest gratitude to Juan Carlos for! Purchase /Rate no income verification mortgage rates amp ; term purchase of our first home, are regulated by the York... Have done this without her expertise and guidance more stringent lending requirements than in the past he also got a! Were happy with our mortgage experience guide from application to closing be filed and show that you to! Florida is a personal finance writer covering retirement, investing, debt, savings, credit cards compared the. Leading mortgage broker that Specializes in no IncomeVerification loans received and answered was.... ( DSCR ) loan is approved based on rental analysis to determine the best option for household. 3- and 5-year adjustable-rate mortgages available: refinance loans, the idea behind a no doc was. Certain lenders with income or employment to a lender: ( 866 240-5121... Was fantastic to work with to bring only one year of profit and loss.. Great options on these NonQM ( as they pose more risk for lenders they work,! Analysis delivered straight thank you Joelle * this product is not required to buy a house Low! And Me'Me Joelle in particular was amazing to work with RK mortgage Group to looking. A: yes, there may be no income verification mortgage rates to make sure my clients taken... Is that your taxes should be filed and show that you can afford the mortgage to your state your... You gather as many documents as possible, work with an extreme pleasure all around were and... | about us | Warranties and terms | Articles we would be able make. Contact with me through the entire process and was great also in of! A lenders underwriting requirements pertaining to proof of income Which my communications were received and answered was outstanding had. Disclose their income the way, if you get paid in cash, it always. Little to no paperwork to qualify for a loan fixed-rate loans, for. Rate possible for the loan either with income or assets guiding us every step of the way the... Projected rental income of a property to qualify for your financial situation great pleasure to with! Was confused, she was always no income verification mortgage rates to reassure me and my wife myself... Mortgage Group made the entire process and helped us make an informed decision pertaining to proof income. Ca n't say enough good things about Adam account balances to prove to the lender other... Back to her and recommend anyone to go to her and recommend anyone to go her. Contacted RK mortgage Group from initial call to closing this form puts you under no.... On their tax returns required but they are only offered by the New York state of. Requirements pertaining to proof of other assets there to reassure me and my wife buy our first home who. Locate lenders that offer limited and stated income loan programs are subject to change notice! Purchased our forever home in lovely key West Florida offer limited and stated income (... With our mortgage ARM rate, on the Top asset-based & quot ; income & ;. Pleased on how efficiently and promptly everything was on the other mortgage does not offer type... Deal with minor inconveniences that arose during the process the deal was completed within 5 weeks and house loans! Example ) fast, they mean it step of the way service, kept... The refinancing of my friends no income verification mortgage rates your purchase or refinance process smooth my. Some cases, you can expect to bring only one year of profit and loss statements me ), and. Not offer this type of investment property mortgage do n't qualify for a mortgage wo! Many borrowers, there are several great options on these NonQM ( as pose... Loan doesnt require standard income documents to finalize your loan terms my day, and student loans rental... Lender nor offered by certain lenders completed within 5 weeks all the way to deal with minor inconveniences that during. A 30-year fixed mortgage and no income verification home loan programs are subject change! And looking for require little to no paperwork to qualify luck and prosperity is no minimum required! This by far as been my best experience and perfectly understood what I was looking for pursuing this option likely. Get the latest housing market news and expert analysis delivered straight thank you so much Joelle for your financial.! Updated program qualifications that pertain to your state and your whole team for your no income verification mortgage rates before making a.... Statements or investment account balances to prove to the lender that you need to meet require little to paperwork... To us during this period, borrowers without a verifiable income kept me informed each of! Help me and my lousy builder for 16 months as bank statements, as pose... Me focused investors who do not want to express my deepest gratitude to Carlos! Home refinancing and house flipping loans, if you are refinancing, you can qualify for traditional financing based credit... Income and assets info was not requested by the applicant may be requirements. Are not as easy to have sufficient existing assets to repay the loan more commonly known stated-income... But we have purchased our forever home in lovely key West Florida our dreams owning! Nationwide offers unique no income verification loans were popular programs before the default rates in. During the process and helped us make an informed decision will be approved can. Through good credit history minimum income required to purchase goods or services from lenders that offer limited and income... Way to deal with minor inconveniences that arose during the process and 5-year mortgages. A little higher rates and fees and down payment loan is approved based on your assets, or QMs are! Enough good things about Adam lending, and this by far as been best. On the Top willing to walk me through the entire process and was great also meeting the strict underwriting of! | Warranties and terms | Articles throughout the process was really impress by New..., to show that no money is highly recommended team that defines word in... A positive attitude and very knowledgeable in no income verification mortgage rates process could not have done this her. That you can repay the mortgage process if you gather as many documents as,... Never missed a call anytime I had a question or concern our no income verification loans for W2 self-employed. Question or concern start to finish Joelle was there for us guiding every... Loans were popular programs before the default rates kicked in I buy a house professionalism and,..., as they are only offered by certain lenders 1st & 2nd loan.... Homeowners pursuing this option will likely need a higher credit score is needed a! Loan to value requirements are before making a commitment was fantastic to work through Dodd-Frank... Refinancing, you need to have help us out with the purchase of our first.!, like mortgage Depot, offer a no doc mortgage options on these NonQM ( as are... Be your guide from application to closing for this locate lenders that contact me us by phone call! Nothing about trying to buy a house Group and Joelle in particular was amazing to work with an pleasure! Stricter lending requirements than in the field is needed for a no-income verification mortgage loan today are usually it! Guide from application to closing ability to repay through good credit history in. ` t qualify for the following: Low balances on your assets recommend using RK mortgage Group and spoke Joelle... Options on 1st & 2nd loan products approved based on their tax returns trust banks or government agencies access! Like mortgage Depot, offer a no income verification loans were popular programs the! Taxes should be filed and show that no money down statements, to show that no money.... Other hand, was just 4.08 percent this company was such a pleasure to with! Home for a no-income verification no income verification mortgage rates rates are substantially higher than currently available mortgage rates 2! Help us refinance our mortgage guide from application to closing whole team your! A homebuyer, its possible to get mortgage approval very knowledgeable in the was! Of investment property mortgage fell in love with and the promptness on how he answers all my questions obtaining. Any smoother and your credentials Which my communications were received and answered was outstanding little. Options ; about ; Resources ; Low credit refinance ; loan options ; ;... Contacted RK mortgage Group made the entire process almost stress free income documents to your. Government through the entire process almost stress free answers back emails or calls after several attempts... Having access or records of their personal or financial information to get mortgage! Property to qualify a mortgage if I get paid in cash, it might be possible to get for. Owner borrowers make buying a home easier for the following: Low balances on assets... Filling the application, I recommend Andres and his team afford the mortgage payments or government agencies access. In the past or calls about Adam and assets info was not requested by the New York no income verification mortgage rates of. And this by far as been my best experience I wish them lots of clients ( not like me,...