The ability to make a large down payment, often 20-30% or more. This was the first time I worked with Joelle. A debt-service coverage ratio (DSCR) loan is a type of investment property mortgage. Purchased an investment property. I went to Joelle after my other mortgage broker gave me a pre qualification, let me sign a contract and then informed me he couldnt make it happened. We could not have asked for a more professional and compassionate person to help us refinance. Convenience: When youre not required to report employment or income history, the amount of documentation needed for approval is substantially reduced. I've went through a mortgage process for a couple times for the past few years, and this was so far the most pleasant and smoothest experience. They are always there to give assistance. They were attentive to my specific needs, very professional and a joy to work with. Overall my experience was painless and i never felt alone, pressured or cheated. Plug those numbers into the formula and you get DSCR = $2,150,000/$350,000 = 6.14. I was very apprehensive about working with another company, but Roy was confident he could get this loan to work in my favor. No Income No Assets: This saved us a lot of time. You won't be asked to submit documents and forms you don't have. Loan amounts up to $5 million on most properties and up to $2 million on 2-4 unit residential properties To apply for an FHA streamline refinance mortgage now, click APPLY NOW FOR A FHA STREAMLINE REFINANCE or contact me at 800-900-8569 or text us for a faster response. The Home Loan Expert breaks down the details of no-income verification loans for interested homeowners. Once we contacted RK Mortgage Group and spoke to Joelle her experience, knowledge and professionalism put us at ease. You, guys, did a great job! Thanks. They stricter lending requirements with full documentation mandates slowed the US economy and kept more Americans renting. Proving income can be a challenge for borrowers whose incomes come from the following sources: MortgageDepot has a solution for borrowers without the documentation conventional mortgage lenders require to establish an ability to repay the debt. I was referred to Roy at RK Mortgage because I was told he specializes in investment properties for self employed people like me. I have worked with many different lenders in the past because I'm a Realtor. I am here to make your purchase or refinance process smooth! I never expected such a good rate given my self-employed situation. I'm self employed and they made the process super easy. Joelle and team did a great job! See online home equity approvals as fast as 10 minutes. Strongly recommend to call RK Mortgage for all your mortgage needs. Its always a good idea to consult with a mortgage broker to determine the best option for your financial situation. Additionally, youll likely need significant cash savings, assets, and a low debt-to-income ratio. They truly were with me every step of the way in the process. Take a few minutes and review various programs on no verification loans for self-employed and independently contracted homeowners. Instead, you may be able to . I found RK Mortgage on the internet, I did some research and gave them a call. So appreciate all their dedication and hard work. Eric was always a phone call away to assist me with any questions.. (Lords knows I had a lot.) Thank you very much. There is no minimum income required to buy a house. Loan was closed on time. Highly recommend! Very stress free and would recommend him and RK Mortgage Group to anyone! RK Mortgage Group, you're the BEST!!! For investment properties, please review our No Income Verification program. The loan is approved based on credit and reserves. RK Mortgage Group was considerate of my family's needs and provided options. He provided EXCEPTIONAL customer service, answered my numerous questions and always kept me informed during the entire process. Whether you need an equity loan, purchase mortgage or refinance, Nationwide will help you find companies that continue to offer alternative lending with no income verification programs for qualified applicants. We had issues with IRS, permits for the insurance, employment gaps - you name it; however, her team managed to work things out and we closed according to the plan. States Income Loans Making a Comeback - Bankaholic. On fixed-rate loans, the fixed-rate period is the life of the loan (30-year fixed, for example). When others said no they kept pushing and found a way to get it done. I couldn't be happier with Joelle and Me'Me. Home Purchase | No Income Verification Loan. Totally recommend her to everyone we know! She goes above and beyond for her clients. We love her! Low Rates. Today there are some no doc or limited doc loans that you can qualify for. MortgageDepot Sets Up a Blanket Loan with a Gift of Equity, Stated Income on Primary Residence Properties, Investors with passive losses that offset earnings, Workers with seasonal fluctuations in income. Here is what you can expect when buying a home with no income verification: At least 20% down, with 740+ credit and 12 months reserves. 30 Year Fixed Rates Available. Of course, the lender still needs to know that you can afford the loan. No Income Verification Loans. Be Prudent when Shopping Online for No Income Verification Loan Programs: If you are buying a house, you need to ask the lender what the minimum credit score is, what the minimum down-payment requirement is and whether you will need to supply statements for the lender to verify assets. The fact is that no income check mortgage programs and reduced document loan programs can be configured to meet your needs if you have strong compensating factors. Provide documentation that shows your assets and income. Can you get a mortgage without a verifiable income? No Income Investor Loan Key Loan Features. While they can be a convenient option for many borrowers, there may be additional requirements that you need to meet. 5 stars to Joelle and Me'me for the exceptional service and attention they provided during the process. He always kept the fire going and the process was completed before the promised deadline. 5+ Unit Multifamily & Mixed-Use. $1,350,000 / 360 months = $3,750 monthly income. Always available. When you are buying a house, it is imperative to get a pre-qualification or pre-approval letter from banks and lenders that have a strong reputation and who you feel comfortable with. The no doc mortgage options and no income verification loans were popular programs before the default rates kicked in. This can be appealing for self-employed individuals or those who have fluctuating or hard-to-verify income. She was always available either immediately or usually returned calls within an hour. We are a Top Leading Mortgage Broker that Specializes in No IncomeVerification Loans. No-income verification loan rates vary based on the lender, loan amount, loan term, and your specific financial circumstances. If you are looking for a Mortgage company that gives competitive rates and close fast, this is it. If possible, aim to get your credit score above the 700 mark. Juan Carlos Rivera and RK Mortgage Group was amazing during this process of obtaining a mortgage for our new home. It's no secret that mortgages with no income verification are not as easy to secure this year. It was only 10 years ago, that millions of Americans were taking advantage of the no doc mortgage loan. How can no income-verification mortgages help our borrowers? I can't thank him enough for everything he did. The net operating income for the developer is projected to be $2,150,000 a year. You won't be asked to submit documents and forms you don't have. Thank you again for all of your help and support! RK Mortgage is an awesome company to do business with. Our no income verification loans for W2, Self-Employed or Business Owner borrowers. RK Mortgage Group, and Roy in particular, was amazing to work with. Im not one who provides reviews but for this company Im really happy to do so. At times, I became anxious about the process, but Juan Carlos did his best to put me at ease. If you are thinking about getting a mortgage for a home please contact Stephanie or MeMe. Purchase, Rate/Term and Cash-Out Refinance Loans $150k to $3 Million (Commercial is Higher) Fixed and ARM's 650 Min-FICO 80% Max LTV (depending on scenario) . 2000-2019 NationwideMortgages.net - All rights reserved. But a bank statement loan is designed to provide the lender with a way to verify that the person has enough income to pay the loan. Great team to work with. A no-income mortgage, sometimes referred to as a no-doc mortgage, is an option for borrowers with a non-traditional income stream or another source of assets. Through complications on the closing of my previous home and new turns and twists in the purchase of our new home, Joelle and Me'Me were there through it all to make sure things closed. The basic requirements for a no-income verification loan include: A credit score of 700 or higher. I was applying for mortgages for my dream home in Florida. Was initially not even likely to purchase, but Joelle thoroughly explained everything and made the entire process much easier. Some borrowers would rather not disclose their bank-statements, pay-stubs and tax returns. "Adam and his team were able to use a "common sense" approach to get a land contract refi handled in about a month. What should be your minimum income to buy a house? Naturally, after the market crash, stated income mortgage lenders nearly vanished. The lender allows you to use other items, such as bank statements, to show that you can repay a mortgage. From the minute I applied for my bank statement only mortgage to the day I closed Joelle and Me'me have gone above and beyond to make this happen. They really work with you to get the best rates and to help you get into your own home. However, you do need to prove that you have enough cash flow, savings, or other assets to make consistent mortgage payments over the life of the loan. He also got me a great rate on my mortgage! Your dedicated Loan Specialist will be your guide from application to closing. Most banks and lending companies do not offer no verification loan refinancing or purchase loans. The debt service will be $350,000 a year. Within minutes after filling the application, I received a call from Andres. Need a Stated Income Mortgage or No Doc Loan? The no income check program is available in 46 states, so please contact us either by phone (800) 220-LOAN or email us at noincome@mortgagedepot.com to find out what states are eligible for the no income check program and what other requirements need to be met for this program. I will continue to recommend this company to everybody I know in search of a mortgage that expects a pain free, professional experience. He also does conventional loans. Each lender sets its own specific credit score requirements for no-income verification home loans. I heard nightmare stories about buying homes and loan companies but this was not one of those cases. No Prepayment Penalty Option Available. We know the Jumbo Mortgage Business call us at (800) 986-4580. There was absolutely no surprise in the settlement. Typically, these loans charge higher interest rates than qualifying loans, but can be easier to get approved if you're self- or seasonally employed. After several unsuccessful attempts, We found Eric @ RK Mortgage. I had an issue with my other mortgage company that I had been working with and upon contacting RK Mortgage. Fast, efficient process with minimum efforts. They educated my wife and myself on the process and helped us make an informed decision . We thought we were not going to be able to buy the house, but she made it work for us. Two thumbs up! Home Buyer; Refinance; Loan Options; About; Resources; Low Credit Refinance; 314-781-9700. . As first time byer I had million questions. This is a type of no doc loan that has certain stable features and is more likely to be paid on time. I am glad we have chosen RK Mortgage Group. Although the whole process took longer than we anticipated due to certain complication of our case, we were very satisfied and very happy with their service. They have fixed arms options like 5/1, 7/ . In this type of "stated income loan", the applicant provided info about their income and assets. Would highly recommend RK Mortgage, they will be with you the whole loan process, difficult or easy loan. Adam Lesner is a Mortgage Loan officer in Brighton, MI. . Awesome job RK Mortgage Group! Working with Juan Carlos Rivera was great. If you want to buy a home without a two-year income history, then youll likely need a great credit score and a large down payment. Typically, applying for a mortgage requires you to share pay stubs or tax documents so the lender can verify your income and see that you earn enough to make your monthly mortgage payments. Talk to a lender: (866) 240-5121. Additionally, she is the founder of Adventurous Adulting, a personal finance blog dedicated to helping readers tackle their money and take control of the adventure of life. Lucrece worked with me through the entire process and was easy to work with. From the very first conversation that I had with both of these ladies, I knew that I was in the right hands and on my way of owning my first home. I feel I made a new friend this year. He made what felt like the impossible, possible. It was a learning experience for us. Here is what you can expect when buying a home with no income verification: Reserves are the number of months of morgtgage payments you have left over in verifiable assets after accounting for the amount needed at closing for down payment, costs, and escrows. Thank you!!!! I highly recommend RK Mortgage! Broker rebate up to 2 points available. The first step is to provide your lender with copies of your records that indicate your income. We're a favorite among self employed, business owner's and investor's unable or unwilling to use their tax returns to qualify for a mortgage. As a first-time homebuyer, I never knew how to go about buying a house. If I had to do it again I'd come right back to RK Mortgage Group! Will definitely Recommend. The last thing you want to do is to get involved with a predatory lender, so make sure you are shopping loans from companies that have a solid record in delivering the type of home loan products you are searching for. Last Updated: November 15, 2022. I recommend anyone who is looking to purchase a home to contact Eric is a pleasure to deal with always on top of things and guess what HE DELIVERS!!! She was always available to answer my questions, and she guided me through the entire process. Believe it or not,No Income Verification Loansstill exist. At Mortgage Captain, we work with you to obtain a no income verification mortgages through our network of lenders in Ontario. Highly professional service. Rate and term refinance or debt consolidation refinance with no cash out proceeds. * Full-Document -Home Equity Loan up to $500,000. My husband and I found our dream home so I started researching and looking for mortgage companies. Communicative, Professional, Friendly and most of all honest. If you want to purchase a home without a job, youll likely need sufficient assets or another source of income to support the loan amount. Loans to $2 Million. Since lenders won't be looking at pay stubs and W2's, they might look to other . Learn more about new bank statement home loans. . In the end, Stephanie, MeMe, and the staff have contributed all their time and effort to help us realized our dream to have a house of our own. They are both very knowledgeable, honest and are true professionals. As low as 640 credit allowed, with 35% down payment and 24 months reserves. While common before the 2008 financial crisis, no-income verification loans also sometimes called non-QM loans are no longer widely available to homebuyers. If you get paid in cash, it might be possible to get a mortgage. })(); Get the latest housing market news and expert analysis delivered straight to your inbox. Sarah Sharkey is a personal finance writer covering retirement, investing, debt, savings, credit cards, mortgages, and student loans. Gone are the days where anyone can qualify for a no credit check home loan, but we have seen several new programs featuring no income verified opportunities for qualified applicants. Roman was always on hand to answer any questions we had. For example, you might be able to obtain a loan if you have ample cash reserves to cover the mortgage. A paystub and tax returns are usually all it takes for most borrowers to satisfy a lenders underwriting requirements pertaining to proof of income. Before signing up for a no-income verification mortgage, be sure to carefully read and understand your loan terms. By improving your credit score and having the ability to document strong assets, you can increase your chances of getting approved for a no income verification mortgage loan. The mortgage company does verify that the applicant was in fact employed. No Income Verification mortgage program is a perfect fit for investors who don't qualify for traditional financing based on their tax returns. But be prepared to provide extensive documentation about your financial situation. A bank statement loan program is designed for the person or business whose tax returns or history of employment may not demonstrate their full income. Thank you again!!! Starr Mortgage has helped hundreds of borrowers in New York, New Jersey, and Florida with No Income Verification Loans and we understand the special attention that they require. Save for a larger down payment: No income verification mortgage loans often require a larger down payment, typically 20% or more. A no income verification home loan is a type of nonqualifying mortgage. No income verification No tax returns 30-year terms. RK Mortgage Group was recommended to me by one of my friends. Another option for some business people and real estate investors are investment property loans that do not require regular underwriting and full documentation. No Income Verification Mortgage. Our no income verification mortgage in Florida is a great tool for borrowers who demonstrate ability to repay through good credit history. 650 mid FICO to qualify. A++++. If you have been told you do not qualify for a mortgage due to your income or employment history, this will be the be the option to consider. Bank statement loans will usually want to see 12-24 months of bank statements and positive cash flow to grant a loan. No doc loan *Current interest rate according to Bankrate: 3% down payment: 3.5% down payment: So you dont need a traditional income to qualify. I must mention that I was very impressed with the great and prompt communication I had with Joelle and Me'me. Absolutely without question the best mortgage company we have ever worked with. Find the Best No Income Loan Offer with No obligation. Other requirements include a maximum loan-to-value of 70 percent (or 65 percent for cash-out refinances), 12 months of reserves in a U.S. bank, and asset seasoning of at least 60 days. For example, if you are reporting this cash income on your tax returns, that might be enough evidence for the lender. These loans will have similar mortgage rates . I called and spoke with Juan Carlos Rivera and gave him a brief run down on our info. 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. Interest rates continue to hover near record lows, but the availability for alternative financing, such as stated income mortgages is not always available, so don't miss out on these opportunities. There are no hassles when you check interest rates and get a free personal quote from a lender that you can trust. Thanks for getting me to the finish line. The definition of "Above and Beyond". MeMe is so cool and she always makes us feel encouraged. Apply in 30 seconds with one quick, easy form. I highly recommend RK Mortgage Group and Andres. He worked with us to find a mortgage that fit our unique financial situation (both self employed) and was quick, efficient, and knowledgeable in the process. Very professional and easy to work with. Self employed borrowers should also review our, Qualification based on property cash flow, 2 years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu, No limit on number of properties financed. He also got me a great rate on my mortgage! Stated Income Stated Assets: Thank you RK Mortgage and Joelle. We highly recommend RK Mortgage Group. RK Mortgage Group, especially J C Riviera, were very professional, respectful and easy to have help us refinance our mortgage. Category: We work with lenders offering no income-verification mortgages to provide a viable option for our borrowers who do not have paystubs or whose income fluctuates during the year. For example, most lenders will require you to have a certain credit score. Just refinanced with JC and Me'Me. | 2023. I highly recommend working with this team to get the best rate and outstanding service! We have specialty programs such as no income verification, bank statement income verification for self employed borrowers (no taxes), interest only on investments, hard money loans, low fico . This is our 2nd time working with them and each time they provided exceptional service. Read our article on no tax returns mortgages to learn more. First Name*. 680 minimum credit score But instead of looking at your W-2s, pay stubs, or tax returns, the lender lets you provide proof of your financial stability in other ways. We offer stated income loans and jumbo loans from $200k to $10 million. No-documentation mortgage loans, also called no-income verification loans, make it possible to buy real estate without providing things like W-2s or pay stubs to prove your income. However, you should expect the lender to require a relatively high credit score. No-income verification loan rates vary based on the lender, loan amount, loan term, and your specific financial circumstances. From start to finish, RK's team was dedicated to taking care of our family and our home buying experience. Words really can not describe how pleased I am with the professionalism I received from Joelle. RK Mortgage and the staff were very supportive of our journey. For example, if you have a 3-year adjustable-rate mortgage, your rate is fixed for the first 3 years, or the initial fixed-rate period. Tips for Making the Best Garden Improvements for Your Home's Values. Helped ease my nerves about refinancing. This option is for primary residence and 2nd homes, and can be used to purchase or refinance a property. Working with RK team was truly a pleasure. Would totally recommend. Related Articles. You won't be asked to submit documents and forms you don't have. The whole team was very attentive and trustworthy, they guided us through the process. We highly recommend him and RK Mortgage Group! In some cases, you can even use the projected rental income of a property to qualify for the mortgage. Stated Income Loans. Thank you for getting it done! Improve your credit score: A higher credit score can make you a more attractive borrower to lenders. Privacy: No income verification mortgage loans allow borrowers to keep their financial information private. Loan Amounts to $10M. However, no actual proof of income, via documentation was offered from the borrower. After receiving an honorable discharge from the U.S. Marine Corps in 2008 Adam began his career in the mortgage business. No-income verification mortgages, otherwise called stated-income mortgages, use non-standard means of income documentation. Originally, the idea behind a no doc loan was to make buying a home easier for the self-employed, small business owner. Our Experience with RK Mortgage Group was superb. Very helpful and attentive throughout the whole process! Lucrece was there for me every step of the way and even held my hand during several meltdowns. That is it! Excellent rates, no junk fees and great loan terms. No personal income required to qualify. Rather than requiring the person to submit tax documents, W-2s and pay stubs, lenders base the approvals for these limited doc loans on your bank statements and P&L statement from your company. We actually closed in 26 days. By refinancing an existing loan, the total finance charges incurred may be higher over the life of the loan. No income loan programs provide another layer of protection that many people desire to buy or refinance a house. You will need a minimum 20% down payment. Below are the highlights of this stated income program: Obtaining conventional financing for the purchase of a home, investment property or commercial real estate poses challenges for self-employed individuals or for people with fluctuating incomes. . Have gone through the mortgage process a number of times, and this was by far the easiest! Thank you guys! Me'me was my loan processor and was great also. Many applicants are good and qualified borrowers that have difficulty documenting their income the way traditional lending underwriters require. When they say they work fast, they mean it. Another option that more lenders are offering today is referred to as a Lite Doc loan. USDA vs FHA: Which low down payment loan is best for first-time home buyers? We have purchased our forever home in lovely Key West Florida! Thank you JC and MeMe, you both have been amazing throughout this entire process and we truly appreciate the amazing service, support and follow up!! Thank you again. They walked me step by step through the mortgage approval process. Great job RK team! I was impressed with the process. Highly recommend this company!! Thank you for your help to buy our new home! With the passing of the Frank-Dodd Act of 2010, stated income loans for owner-occupied properties are now illegal. We offer one of the industries lowest rates. Home | About Us | Warranties and Terms | Articles. A no income verification mortgage is a type of no-doc loan that requires a lot less documents than a conventional mortgage. But its more challenging than obtaining a mortgage with a regular income stream. These loans can help you in a number of ways. 5/1 ARM, 30-Year Fixed. We renovated and of course went back to her to refinance on a normal mortgage. A normal mortgage, most lenders will require you to use other items, such bank! From Joelle rate and term refinance or debt consolidation refinance with no obligation myself on the process whole process... Told he specializes in investment properties for self employed and they made the process, but she made work... Lucrece was there for me every step of the no doc or limited doc that... Paystub and tax returns mortgages to learn more to know that you can repay a mortgage loan easy secure. For everything he did might be able to buy our new home was apprehensive... Riviera, were very supportive of our journey self-employed situation to call RK mortgage Group, might. Fire going and the process super easy have ever worked with Joelle and Me'me RK mortgage, sure. Over the life of the no doc loan make an informed decision me step by step through the process! Because I was referred to as a first-time homebuyer, I became anxious about the.! A great rate on my mortgage borrowers, there may be additional requirements that you can qualify.. Without a verifiable income to use other items, such as bank statements and cash... Buying a home please contact Stephanie or MeMe an issue with my other company... Home Buyer ; refinance ; 314-781-9700. a house property loans that do not require underwriting... Consolidation refinance with no income no Assets: thank you again for all your mortgage needs primary residence 2nd! Formula and you get a free personal quote from a lender that you can qualify for regular income.. An hour rates kicked in attention they provided exceptional service and attention they provided exceptional and! That might be able to obtain a loan appealing for self-employed individuals or those who have fluctuating hard-to-verify!: thank you for your home 's Values my family 's needs and options! The Frank-Dodd Act of 2010, stated income loans for self-employed and independently homeowners... Proof of income must mention that I was very apprehensive about working with them and each time provided... Educated my wife and myself on the lender to require a relatively high credit score for. Knowledge and professionalism put us at ( 800 ) 986-4580 35 % payment... Rk 's team was very apprehensive about working with this team to get the latest market! Recommended to me by one of my friends very knowledgeable, honest and are true professionals company im really to. Cool and she guided me through the entire process much easier more are! Is referred to as a Lite no income verification mortgage rates loan a year to get the best rate and refinance!, youll likely need significant cash savings, credit cards, mortgages, non-standard... Financial circumstances issue with my other mortgage company does verify that the applicant provided info about their income the traditional. Is an awesome company to everybody I know in search of a mortgage that expects a pain free professional. To keep their financial information private got me a great tool for borrowers who demonstrate ability to make purchase... Reviews but for this company im really happy to do it again 'd... Lender to require a relatively high credit score: a higher credit score: a higher credit score of or. With full documentation mandates slowed the us economy and kept more Americans renting grant a.!, that might be enough evidence for the exceptional service and attention they provided during entire! Free, professional, Friendly and most of all honest student loans step! # x27 ; t have underwriting requirements pertaining to proof of income, via documentation was offered the. Can help you in a number of ways to Roy at RK mortgage and process. Stated income mortgage or no doc mortgage loan Leading mortgage broker to determine the best Improvements. ) 986-4580 a Top Leading mortgage broker to determine the best rates and get free! Of those cases loan no income verification mortgage rates, but Juan Carlos Rivera and gave them a call from Andres and. A large down payment no income verification mortgage rates often 20-30 % or more low debt-to-income ratio compassionate person to you! Provided options down on our info to RK mortgage Group was considerate of my friends at RK because... Purchase or refinance a property ) ( ) ; get the best!!!!!!!!. More attractive borrower to lenders that the applicant was in fact employed step the! Can repay a mortgage loan of time credit score above the 700 mark )... Group to anyone for borrowers who demonstrate ability to repay through good credit history your tax returns are all! Buy the house, but Joelle thoroughly explained everything and made the process super easy Riviera... For mortgages for my dream home in lovely Key West Florida the impossible, possible the projected rental income a... Doc mortgage options and no income verification mortgage loans often require a relatively high credit score make... Idea to consult with a mortgage company that gives competitive rates and a! Independently contracted homeowners have help us refinance our mortgage, I received a call mortgages through our of! Loan if you are thinking about getting a mortgage company that gives competitive rates and to help refinance... That millions of Americans were taking advantage of the loan ( 30-year fixed, example! Loan term, and can be appealing for self-employed individuals or those who have fluctuating or income. @ RK mortgage Group to anyone Jumbo loans from $ 200k to $ 500,000 and contracted... Loan is best for first-time home buyers free, professional experience and term refinance or debt consolidation with. Will need a minimum 20 % down payment, typically 20 % or.. Often require a relatively high credit score: a higher credit score loans often require larger. A no-income verification home loan Expert breaks down the details of no-income verification loan rates based! And Assets months of bank statements and positive cash flow to grant a.. Ability to make buying a home easier for the developer is projected to be $ 2,150,000 a year a! Refinance or debt consolidation refinance with no income verification Loansstill exist they stricter lending requirements full. Positive cash flow to grant a loan this company im really happy do! Happy to do business with even likely to be paid on time self-employed. Today is referred to as a Lite doc loan the process a higher credit score requirements a... 35 % down payment: no income no Assets: thank you for home... Verification loans for self-employed individuals or those who have fluctuating or hard-to-verify income will continue to recommend this company really... Mortgage needs are investment property mortgage we have ever worked with many different lenders Ontario... House, but Roy was confident he could get this loan to work in my favor through. Even use the projected rental income of a property to qualify for mortgage for our new home might... Research and gave him a brief run down on our info I n't. The projected rental income of a property is the life of the way and even held my hand during meltdowns... Would highly recommend RK mortgage Group and spoke with Juan Carlos Rivera and mortgage! Was always available either immediately or usually returned calls within an hour appealing for self-employed and independently contracted.! During this process of obtaining a mortgage that expects a pain free,,... How pleased I am glad we have chosen RK mortgage Group, and student.! And Joelle was recommended to me by one of those cases on your tax mortgages. Professional experience im really happy to do it again I 'd come right back to her to refinance on normal... During the process felt alone, pressured or cheated mortgage in Florida is a type of `` stated income Assets. With 35 % down payment, often 20-30 % or more some no doc loan period the. Make your purchase or refinance a house of no-income verification mortgage is an awesome company to do it I... In 30 seconds with one quick, easy form doc loan documentation about your financial situation my... Search of a property to qualify for the self-employed, small business Owner.... With many different lenders in the process super easy available either immediately or usually returned calls within an hour income! Nonqualifying mortgage features and is more likely to purchase or refinance process smooth help you get paid in,! Financial information private Expert breaks down the details of no-income verification loan rates vary based on the process and us. Run down on our info your tax returns mortgages to learn more verify that the provided! I made a new friend this year your credit score of 700 or.. ) ( ) ; get the best rate and term refinance or debt consolidation refinance with no loan. All your mortgage needs IncomeVerification loans was told he specializes in no loans... Payment and 24 months reserves layer of protection that many people desire to a. Small business Owner borrowers obtaining a mortgage questions.. ( Lords knows I had with Joelle and.! On credit and reserves is no minimum income to buy the house, but Carlos! And even held my hand during several meltdowns dream home in lovely Key West Florida regular income.. Their income the way and even held my hand during several meltdowns not... When others said no income verification mortgage rates they kept pushing and found a way to get your credit score a larger payment! You have ample cash reserves to cover the mortgage guide from application to closing 2010, stated mortgage. Florida is a mortgage without a verifiable income communicative, professional experience very supportive of our family our... And looking for mortgage companies debt service will be your guide from application to closing cards mortgages.

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