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No Documentation Second Mortgage
No documentation second mortgage loans offers streamlined closing options with stated income and limited documentation for homeowners seeking a loan with less paperwork. Nationwide offers "No Doc" second mortgages 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 full tax returns, profit and loss statements for 3 years and 6 months of bank statements. For this reason, most self employed borrowers like stated income and reduced documentation loans. Consider taking out a quick and easy no income verified home equity loan online and take advantage of the cash out for home improvements, construction, and debt consolidation.
No Documentation 2nd Mortgage |
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Stated Income Loan Options |
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Second Mortgage Lines to 100% |
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NO Income Verification Loans |
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Cash Out for Debt Consolidation |
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Limited Doc 2nd Mortgages |
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Low Interest Only Mortgage Payment |
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No Mortgage Insurance Required! |
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Credit Line with Prime Rates for Life |
Learn more about Second Mortgages |
Second Mortgage - No Doc Loan |
Fixed rate second mortgages up to 80, 90, & 100% combined loan to value. Credit Rating: Good or Excellent. Key qualifiers: property value, credit score, and stated income OK. No income documentation required & no asset documentation need for loan process. |
. 100% Stated Income Second Mortgage
. 95% "No Doc" Second Mortgage
. 90% "No Doc" Second Mortgage |
| 10 Reasons to use Nationwide for your next 2nd Mortgage! |
- No Mortgage Insurance
- Low Interest Only Payments
- No minimum draws & No Application Fees
- No Equity needed with 125% Second Mortgage
- Loans for Manufactured Homes
- Up to $500,000 Loan Amounts
- Stated Income Loans up to 100%
- Concurrent 1st & 2nds Mortgage Refinance Available
- Bad Credit OK (as low as 525 fico score)
- No Full Appraisal Required on most 2nd Mortgage Programs
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