If you found this video to be useful be sure to subscribe so you don't miss my best mortgage tips and you're welcome to reach out to me directly for more information anytime here: balanceprocess.com/no-income-verification-mortgage-loan/
A No Income Verification Mortgage Loan may help you out. It’s a type of loan where you don’t need to verify your income through documents. the lender approves your loan based on other criteria like credit history, asset statement and other factors.
Most people don't have that much money lying around to pay those super high down payments. 20% 30% 50% down is a lot of money. People who want this loan will also probably need help with paying that down payment. Qualifying for the loan is the first part of the battle. Is there a way to use this loan and get help with the down payment to.
Correct, most people don't have sufficient assets. This is not designed to help all people. Thos is designed to help people who have substantial assets, but have unique income circumstances that don't meet traditional lending guidelines. If you don't have sufficient assets, then you would want to do a traditional loan with 3.5% down or 5% down, and you would need to meet traditional income/employment requirements.
*Ok here it is,,, looking for a no income loan.. have an 800 credit score. House is 425k.. I can put 20% down. what will I need in reserves and can you get me this loan?*
Currently the guideline is 24 months reserves needed if you have 720+ credit and 20% down payment. What state are you in? You're welcome to reach out to me anytime here BalanceProcess.com/no-income-verification-mortgage-loan/
need a heloc no doc have good credit 720 and above fico 8 all bureaus home value is 560k and i owe 222k 2 percent interest. my 1 mort payment is $1330 piti if you can help let me know a line of credit would be ideal not lump sum thank you
If you found this video to be useful be sure to subscribe so you don't miss my best mortgage tips and you're welcome to reach out to me directly for more information anytime here: balanceprocess.com/no-income-verification-mortgage-loan/
A No Income Verification Mortgage Loan may help you out. It’s a type of loan where you don’t need to verify your income through documents. the lender approves your loan based on other criteria like credit history, asset statement and other factors.
Correct
How can I contact you and see if you can help me with a no doc loan or any other similar loan?
Hey Lynn, you're welcome to reach out to me anytime at BalanceProcess.com/contact or call me at 248.894.2763
Thank you!
Most people don't have that much money lying around to pay those super high down payments. 20% 30% 50% down is a lot of money. People who want this loan will also probably need help with paying that down payment. Qualifying for the loan is the first part of the battle. Is there a way to use this loan and get help with the down payment to.
Correct, most people don't have sufficient assets. This is not designed to help all people. Thos is designed to help people who have substantial assets, but have unique income circumstances that don't meet traditional lending guidelines. If you don't have sufficient assets, then you would want to do a traditional loan with 3.5% down or 5% down, and you would need to meet traditional income/employment requirements.
*Ok here it is,,, looking for a no income loan.. have an 800 credit score. House is 425k..
I can put 20% down. what will I need in reserves and can you get me this loan?*
Currently the guideline is 24 months reserves needed if you have 720+ credit and 20% down payment. What state are you in? You're welcome to reach out to me anytime here BalanceProcess.com/no-income-verification-mortgage-loan/
I would like this type of mortgage here in The Netherlands.
I wish I could write loans there!
need a heloc no doc have good credit 720 and above fico 8 all bureaus home value is 560k and i owe 222k 2 percent interest. my 1 mort payment is $1330 piti if you can help let me know a line of credit would be ideal not lump sum thank you
We would have to do it as a cash out refinance, not a line of credit. I'm sorry.
Banks are wayyy too aggressive af
It's not up to a bank. It's backed by US dept of treasury
Hi, what is the minimum amount you’re required to borrow?
Varies by lender, but usually 100K
Thanks for making this video. Is it possible to get this loan based canadian credit score?
We would need to do it as an investment property on a foreign national loan. Feel free to contact me anytime to talk it out BalanceProcess.com/contact
I have a COE, certificate pf eligibility from the VA. Am I able to get a no doc loan?
If you meet the credit and asset requirements, yes. Learn more here: BalanceProcess.com/no-income-verification-mortgage-loan
@@MortgagebyAdam Thank you!
Lots of questions 😬
You're welcome to reach out anytime here BalanceProcess.com/no-income-verification-mortgage-loan
Can u help me
Would love to! Please send me an inquiry anytime here: BalanceProcess.com/contact/
Are you familiar with the program in California where the gov puts the down payment for you? If so, can that program be used with no income docs?
Down payment assistance is not allowed on this product
Well 20% down in ca ya I don't think that's gana happen for a good min and I'm assuming fha can't be stacked on?
Correct. FHA can't be stacked on.
Would this work for building a new home ?
Yes, if the builder is funding the construction, you can get the loan once construction is complete.