No Doc Mortgage Loans

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Lenders are turning to borrowers with harder-to-document finances, helping drive growth in the kind of home loans that helped fuel the housing.

A no-doc mortgage loan is one where borrowers are not required by mortgage lenders to provide any income documentation to support their ability to repay the loan. When these loans surged in popularity in the early 2000s, they were extremely helpful to a small percentage of workers with high incomes that could be hard to prove.

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Tower Lending is the nation’s leading provider of no doc mortgages for real estate investors. We specialize in non traditional financing options that are tailored to meet the needs of self employed borrowers. The majority of our programs do not ask for any tax returns or other income documentation.

You have an option, though, of no-doc loans, mortgage loans that don't require you to provide paperwork verifying your income. Just be prepared to pay a bit.

Great Northern Mortgage offers mortgage for self employed and super jumbo loans up to $3,000,000 and no income check and no doc verification loans where your income is not verified.

A No-Doc or Low-doc loan (abbr: No/Low Documentation Loan) refers to loans that do not require borrowers to provide documentation of their income to lenders or do not require much documentation. It is a financial product commonly offered by a mortgage lender to consumers who cannot qualify for normal loan products because of fluctuating or hard-to-verify incomes, such as the self-employed, or.

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Lenders are turning to borrowers with harder-to-document finances, helping drive growth in the kind of home loans that helped fuel the housing.

However, today things have changed and there are alternative stated income loans available for people who have a need for a limited or no doc mortgage. No Doc Mortgage Loan History. Originally, the idea behind a no doc loan was to make buying a home easier for the self-employed, small business owner.