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No Documentation Second Mortgage
No documentation second mortgage loans offers streamlined closing options with stated income and no money mortgage refinancing for homeowners seeking a loan with less paperwork. Nationwide offers stated income mortgage refinancing, "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. 2nd mortgage programs are not always the easiest programs for no income documentation features. Consider mortgage refinancing opportunities if you run into obstacles with no documentation second mortgages.
No Income Verification Loan Options for Refinancing
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. Please note that FHA mortgage loan options are not available for borrowers that need a no income mortgage option. The FHA does not allow stated income loans. They require each FHA insured mortgage to be underwritten with sufficient income documentation.
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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