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No Documentation Mortgage Refinance Loan
No documentation mortgage refinance loans provide a simple loan process with stated income and limited documentation with less paperwork . Borrowers with good credit typically like to be rewarded with less documentation options without being penalized with higher interest rates. Fannie Mae and Freddie Mac typically waive income documentation on the "A-paper" loans for borrowers with significant compensating factors like high credit scores, low LTV and large amounts of liquid assets.
No documentation mortgage loans offers a streamlined loan options with no income verification for homeowners seeking a loan with less paperwork. Nationwide offers "No Doc" mortgage refinancing for qualified borrowers with good credit scores. "No Doc" loans are essential for most self-employed borrowers, because it is usually a nightmare for them to document their income.
Underwriters analyzing full documentation loans for self-employed and independent contractors will typically request complete tax returns, profit and loss statements for 2 years and 6 months worth of personal of bank statements. Because of labor intensive process, most self employed borrowers like stated income and reduced documentation loans.
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Stated Income Loan Options |
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No Doc Mortgage Loans to 90% |
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No Income Verification Loans |
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Cash Out for Debt Consolidation |
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Limited Doc FHA Mortgage Streamline |
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Low Interest Only Mortgage Payment |
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VA Streamlining with Lite - Doc |
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Sub-Prime Home Refinancing |
Learn more about Second Mortgages
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Our Chief Economist Kevin Grant, stated recently that HUD increasing the loan limits nationally should significantly help reduce foreclosure across the country.
Useful Loan Tips from the 125% Home Equity Experts |
- No Mortgage Insurance Options with High LTV
- Low Interest Only Payments
- No Application Fees for Refinance Loans
- No Equity needed with 100% Refinance Loans
- Refinancing Options for 2nd Homes
- Up to $729,750 for Conforming or FHA Loans
- Stated Income Refinance Loans up to 90%
- Concurrent 1st & 2nds Refinance Loans Available
- Bad Credit allowed with FHA and VA Home Loans
- No Cost Options for Home Refinancing
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Call 1-800-242-6986
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