Features & Benefits of No-Doc Loans
After years of waiting those folks who couldn’t verify income but had great credit scores and reserves can now obtain financing again for primary and/or second homes! Here are the snapshot parameters.
NMLS 1614463
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80% LTV 740+ FICO ON OWNER OCCUPIED 1-4 UNITS & 2ND HOMES (NO REDUCTION IN LTV FOR MULTIFAMILY)
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75% LTV FOR FICOS 680-739
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65% LTV FOR CASHOUT TRANSACTIONS
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RESERVES MUST BE BORROWERS, DOWN PAYMENT AND CLOSING COSTS CAN BE GIFTED
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ASSETS SOURCED & SEASONED FOR ONLY 30 DAYS
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NO EMPLOYMENT OR INCOME ON 1003
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TRADELINE FOR 24 MONTHS OR 2 TRADELINES FOR 12 MONTHS OPEN AND ACTIVE WITHIN THE LAST 90 DAYS
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BK ONE DAY OUT – F/C, SHORT SALE OR DEED IN LIEU 12 MONTHS SEASONING
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CASHOUT CAN BE USED AS RESERVES FOR CASH OUT TRANSACTIONS – NO LIMIT ON CASH OUT
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UP TO $3 MILLION LOAN AMOUNTS
CALL RANDY ADRIAN TODAY (813) 404-9361 or securely apply here for pre-approval at:
https://randytoddadrian.zipforhome.com/
Who is a No Doc Mortgage ideal for?
Plenty of prime borrowers can benefit from our Community Mortgage program, including:
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Self-Employed Workers
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Owners and Employees of Cash Businesses
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Seasonal and Gig Economy Workers
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Artists and Entertainers
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Retirees