NO-DOC LOANS
Financing For Those Who Require Privacy

NOTE: This product is not available at this time!

     Some borrowers choose not to disclose any more about their economic situation than they absolutely have to.  In some cases, the borrower simply has no choice but to omit certain details.  For instance, in order to qualify for standard financing, a self employed borrower must show evidence that they have been self employed for at least two years.  If a borrower wishes to purchase a home prior to the two year minimum, no income from such employment can be counted.  There are many other reasons as to why borrowers do not wish to disclose information: some people just prefer their privacy.

NO-DOC FEATURES:

• No Employment Questions
• No Asset Questions
• No Income Questions
  

    No-Doc (no document) loans allow a borrower to omit any information pertaining to employment status or history, income, or assets (source of down payment).  The underwriter doesn't look for any such information, and simply analyzes credit scores and down payment / equity.  Such loans require good credit scores, and though they have higher than standard rates, the actual interest rate isn't really all that bad.  Such loans can also be obtained with minimal down payment (typically just 5%).  With a no-doc, a borrower with good credit can avoid disclosing financial and personal information in exchange for a slightly higher interest rate.