No Documentation Mortgage Refinance Loan

Our lenders have simplified the loan process with stated income loans and limited documentation with less paperwork. Stated income loans have become quite a commodity this year. 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. In 2020, a no doc refinance is easier to qualify for as lenders have reduced requirements.

Stated Income Home Mortgages and Limited Doc Refinancing

No documentation mortgage loans offer 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.

No Documentation Refinancing

Stated Income Loan Options

No Doc Mortgage Loans to 90%

No Income Verification Loans

Cash Out for Debt Consolidation

Limited Doc FHA Mortgage Streamline

Low Interest Only Mortgage Payment

VA Streamlining with Lite - Doc

Subprime Refinancing

Learn More About No Cost Loans

Nationwide Mortgage Chief Economist Kevin Grant stated recently that HUD increasing the loan limits nationally should significantly help reduce foreclosure across the country.

8 Useful Loan Tips from the No Doc Loan Experts
  1. No Income Documentation on FHA Streamline
  2. Low Interest Only Payments on HELOCs
  3. No Application Fees for No Income Refinance Loans
  4. No Equity needed with HARP Refinance Loans
  5. Refinancing Options for 2nd Homes
  6. Stated Income Mortgage up to 80%
  7. Limited Credit allowed with FHA and VA Home Loans
  8. No Cost Refinance Options with Reduced Documentation


Resource Tools

Loan Comparison Calculator
This calculator will help you to compare the total mortgage interest charges of 4 types of loans.

ARM vs. Fixed Rate Calculator
How does a fixed rate 1st or 2nd mortgage compare to an adjustable rate mortgage or home equity line of credit?

Refinance Loan Checklist
Additional Refinance Loan Pages:
Adjustable Rate Refinance | Mortgage Refinance Options | Low Closing Cost Home Refinance Loans | Bad Credit Refinance | Cash Out Refinance | Subprime Mortgage Refinancing |  Conventional Loan | Mortgage Refinance Rental Properties | Home Improvement Loans | Refinance Loans for Home Improvements |  Conventional Loan | Home Loan Lenders | Home Improvement Loans | Low Credit Score Home Loans
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BD Nationwide Mortgage, 515 Encinitas Blvd. Ste 100, Encinitas, California 92024
Please be aware that this is not an advertisement for credit as defined by paragraph 226.24 of regulation Z. Nothing on this site contains an offer to make a specific home loan for any purpose with any specific terms. This is a web-site and no loans can be guaranteed as loans and rates are subject to change. Nationwide is affiliated with national lenders and a federally chartered bank located in Maryland licensed to offer home loans in all 50 states. Copyright 2001-2020 and Beyond, Nationwide Mortgage Loans - is a website and cannot make loans. All rights reserved. No documentation loans are subject to lender and underwriter approval.