No Documentation Second Mortgage

See Stated Income and No Doc Mortgage Loans

The no documentation mortgage option streamlines the process so that qualified borrowers can state their income with no money refinancing. If you are a homeowner seeking a loan program with less paperwork and hassles, then the no documentation mortgage may be the option that best suits your needs.

BD Nationwide can introduce you to lending companies offering 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. Take a minute to complete this form below and you will be able to compare no doc mortgage quotes with no application fees.

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. It is important to know that most bank and lenders do not offer stated income 2nd mortgage programs. That's why it's imperative that you maximize your time on websites like this, because we have the knowledge and relationships to help you find mortgage lenders that specialize in mortgage programs that require no income documentation. Don't waste your time applying for mortgages with the big banks that do not take risks with stated income and no doc mortgage loans.

No Income Verification Mortgage Options to Refinance

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 mortgages are not available for borrowers that need a no income mortgage option. The FHA does not officially allow or endorse stated income loans or no doc mortgage programs. They require each FHA insured mortgage to be underwritten with sufficient income documentation.

In most cases if you have credit problems in the past, most companies will require you to document your employment and income at least for most bad-credit home equity loan programs. However, guidelines change frequently and many programs will disregard credit issues after so many years. (ie. 3-years, 5-years, 7-years depending upon the specifics, ie, bankruptcy, foreclosure, charge-off, etc.) Ask for all the requirements and disclosure for a bad credit-second mortgage.

no doc loans

No Documentation 2nd Mortgage

  • Stated Income Loan Options for qualified applicants
  • Second Mortgage Lines to 90% with no equity needed
  • NO Income Verification Loans for Self-Employed People
  • Quick Money for Debt Consolidation and Student Loan Refinancing
  • Limited Doc 2nd Mortgages that Automate the Loan Process
  • No Doc Equity Loan Programs for Good Credit Borrowers
  • No Mortgage Insurance Required!
  • No Mortgage Documentation Needed! (NINA)
  • Refinance with No Income Documentation Loan

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. This is for borrowers seeking a mortgage with no income documentation required & no asset documentation need for loan process. What are Today's 2nd Mortgage Rates?

.  100% Stated Income Second Mortgage
.  95%  "No Doc" Second Mortgage
.  90%  "No Doc" Second Mortgage
.  80%  "NINA" No Income-No Assets Mortgage
Popular Alternative Lending Pages:          
Stated Income Home Loan | No Credit Check Loan | Stated Income Mortgage

10 Reasons Why People Return to Site for Their Next 2nd Mortgage!
  1. No Mortgage Insurance on any of the Second Mortgage Programs
  2. Options for Low Interest Only Payments
  3. No Minimum Draws & No Application Fees with HELOCS
  4. No Equity Needed with HARP Mortgage
  5. Light-Doc Loans for Manufactured Homes
  6. Up to $500,000 Loan Amounts on 2nd Mortgages
  7. Stated Income Loans up to 90%
  8. Concurrent 1st & 2nds Mortgage Refinance Available
  9. Bad Credit OK (as low as 550 fico score)
  10. No Full Appraisal Required on Some 2nd Mortgage Programs
In the News – Some borrowers who are still unable to produce tax returns or company pay stubs to prove their income continue to request "stated income mortgages" again as several lenders have rolled out new programs based more on savings and assets. The Consumer Finance Protection Bureau has published new rules on alternative mortgage products but they still do not issue specific minimum requirement for asset in reference to the borrowers' ability to demonstrate the likelihood of repaying a 1st or 2nd mortgage.

 

Resource Tools

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