We’ve got emerged because the best choice for offering “No Revenue Test” mortgages for these debtors who qualify for this system. The “No Revenue Test” program does exist and has particular necessities with a view to get this sort of financing. This system is generally designed for the self-employed borrower as an possibility for dwelling financing since self-employed people have a posh manner of documenting revenue. As time has advanced, the No Revenue Test” program has allowed people who’re 1099 or retired, to additionally receive financing underneath this program. Most lenders throughout the continental United States require that debtors present revenue documentation to qualify for a mortgage mortgage and don’t supply no revenue verification mortgages it doesn’t matter what the transaction is, whether or not it’s a buy or a refinance.
We’ve got the no revenue examine program that doesn’t require any revenue documentation in any respect.
- No Tax Returns Required
- No Pay-Stubs Required
- No W2’s Required
We require 20% down cost for a purchase order transaction and 70% Mortgage to Worth ( LTV) financing for refinancing. There are different necessities that should be met that’s why we advocate contacting one in all our skilled mortgage officers focusing on no revenue verification loans. We’re a good firm and have been round since 1993. Our portfolio of merchandise surpasses that of every other mortgage lender.
The no revenue examine program is accessible in 46 states, so please contact us both by cellphone (800) 220-LOAN or e-mail us at [email protected] to search out out what states are eligible for the no revenue examine program and what different necessities should be met for this program.
See beneath some highlights of this system.
- No Tax Returns / No W2’s / No Pay stubs
- Mortgage quantities as much as $3 Million
- 1-4 residential Items and Condos
- 5+ Unit Multifamily and Combined-Use Properties
- Workplace, Retail, Warehouse, Self-Storage, Automotive Service.
- No restrict on what number of properties owned
- Name for Phrases and Pricing
***Understand that after chatting with a Mortgage Officer and it’s decided that you just don’t qualify for the no revenue examine program due to occupancy then please ask the mortgage officer about our financial institution assertion program for self-employed debtors the place we use the deposits of their enterprise or private financial institution statements to calculate revenue and this program will permit for any sort of occupancy together with major residence.***
*This product isn’t regulated by the New York State Division of Monetary Companies