Exceptional FHA and VA loans up to 100% (up to $4 million with VA Jumbo . Call 1-613-296-3892. Thank you! 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. This can be beneficial for borrowers who are self-employed or who have other sources of income that are difficult to document. The whole package from start to finish was straight forward and very quick to close . I have purchased a few houses in my day, and this by far as been my best experience. We had a very complicated and non conforming situation but they both made it work! Option for No Income Verification. These loans are available with competitive interest rates and are typically five-year ARMs. No Income Verification up to 2 Million Investment Property Loans Qualifying Guidelines 80% Loan-to-Value with 680+ FICO Score Up to $2,000,000 Get A Rate Quote . Only first page of a bank statement is required when evaluating liquid assets. They were so great to work with, Joelle and MeMe, thanks again. Thank you RK Mortgage Group Inc. We highly recommend them to anyone purchasing a home. No Prepayment Penalty Option Available. Thank you for the hard work. I couldn't be happier with Joelle and Me'Me. In some cases, you can even use the projected rental income of a property to qualify for the mortgage. RK Mortgage group you are the best! Truly a seamless transaction. He took numerous calls, emails and texts from me daily. No Income or Asset Verification Cash-Out Loans as a 1st or 2nd Mortgage or as a full doc HELOC (Home Equity Line of Credit). 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. Thank you for the seamless experience! My personal situation was complicated, but he managed to get me into my DREAM HOME. Or email us at gcho@gustancho.com. After several unsuccessful attempts, We found Eric @ RK Mortgage. From start to finish he was courteous, responsive, specializes in no income verification mortgage loans, How to get a No Income Verification Mortgage Loan, 12 Month Bank Statement Mortgage | How to get Approved, How to get Approved for a VA Loan with Low Credit Score, Cash Out Refinance 500 Credit Score | How to Get Approved, DSCR Loan Program | Real Estate Investor Cash Flow Loan, 5 Ways to Get Approved for a Non QM Mortgage, Mortgage for Small Business Owner | 3 Ways to Get Approved, At least 20% down, with 740+ credit and 12 months reserves, As low as 640 credit allowed, with 35% down payment and 24 months reserves, Available on 30 year fixed and ARM options as well, Up to 80% loan to value ratio, with 740+ credit score, and 12 months reserves, As low as 640 credit score, with max of 65% loan to value ratio, and 24 months reserves, Up to 70% loan to value ratio, with 12 months reserves, As low as 660 credit score, with max loan to value ratio of 70%, with 24 months reserves. My questions were answered quickly and professionally. For example, if you are reporting this cash income on your tax returns, that might be enough evidence for the lender. Thank you guys! As soon as I sent her correspondence, she responded promptly. I encourage you to reach out if you need to get approved for a mortgage with no income verification, or need guidance on your specific loan scenario. But these loan programs can be viable way to enter the housing market as long as you have an exit strategy. Our Experience with RK Mortgage Group was superb. Words cannot express the professionalism and care her team exhibited through the entire process. We were able to apply, submit all our required docs and close in less than six weeks. However, don't let the name fool you: Some paperwork is required to get a no-doc loan. 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. Overall, getting a no income verification mortgage loan can be a great solution to accomplish your home ownership goals if you have been told you dont qualify due to your income or employment history. Joelle and Me'me were the only positive experience in our 16 months journey building a home in Lakewood Ranch, FL. This can be appealing for those who do not want to disclose their income or employment to a lender. If you are purchasing a property, bank statements are only needed to . Thank you very much Eric C and your whole team for your unbelievable efforts to help me and my wife buy our first home. I highly recommend RK Mortgage! 30 Year Fixed Rates Available. Stated Income Loans. 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. Starting from the communications, rates and processing time, everything was on the top. At times, I became anxious about the process, but Juan Carlos did his best to put me at ease. If you dont have standard proof of income, like pay stubs and W-2s, then a lender might approve your mortgage based on other financial factors. Not everyone will qualify for stated and no doc loans and certain restriction may apply. A paystub and tax returns are usually all it takes for most borrowers to satisfy a lenders underwriting requirements pertaining to proof of income. Lucrece was there for me every step of the way and even held my hand during several meltdowns. First I want to express my deepest gratitude to Juan Carlos Riviera for his patience, courtesy and professionalism. 5/1 ARM, 30-Year Fixed. My husband and I found our dream home so I started researching and looking for mortgage companies. $1,000,000 + $350,000 = $1,350,000 total assets. They walked me step by step through the mortgage approval process. She goes above and beyond for her clients. It was quite an experience with mixed feelings. Each lender sets its own specific credit score requirements for no-income verification home loans. Start afree quote toget aninterest rate and payment estimate. Will definitely Recommend. Yes, a no-income verification mortgage enables you to buy a home without a regular job, or steady source of income. We were treated like royalty, with compassion and warmth. If their payments were on time, their credit scores were still good enough to get approved for a stated income loan. Sarah Sharkey is a personal finance writer covering retirement, investing, debt, savings, credit cards, mortgages, and student loans. These loans are risky for lenders, so they require higher mortgage rates for borrowers. Filling out this form puts you under no obligations. For investment property, getting a DSCR loan would be the option to go with. After deciding to move forward everything from start to finish was easy and fast. They went above and beyond to help us out with the purchase of our first home. We were able to complete a mortgage application online and electronically sign all the documents the next morning. Being self-employed made it difficult to get a mortgage but, with the bank statement mortgage the process was a lot easier. I cannot say enough good things about him! Approval is based on the cash flow generated by the property, and loans between $75,000 and $1.5 million are available. I will continue to recommend this company to everybody I know in search of a mortgage that expects a pain free, professional experience. No Income No Assets: . 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. RK Mortgage Group, you're the BEST!!! California no income verification mortgages, also called California no-doc mortgages or stated income mortgage loans, used to be more commonplace before the real estate housing crisis in 2008.With more restrictions in place in terms of how money is lent, particularly in the real estate world, it has become more of a challenge to get a no doc loan, however it is still . But being self- employed doe have its setbacks, and for me this was one of them. I would highly recommend this company. If any one wants to do business with professionalism and respect, I recommend Andres and his team. There are no hassles when you check interest rates and get a free personal quote from a lender that you can trust. As a foreigner, it was not easy at all to get a refinance with reasonable interest rates After getting tired of either being rejected by well-known lenders or getting quoted with outrageously unaffordable interest rates, we were about to give up our renovation plan to upgrade our new house. They educated my wife and myself on the process and helped us make an informed decision . I would definitely recommend RK Mortgage. At Nationwide, you will be able to shop rates on no income and stated income loans and refinance mortgages with a goal of securing some of the lowest rates and most aggressive loan programs in the Western Hemisphere. Andres was fast and efficient. As a homebuyer, its often easier to work through the mortgage process if you have a steady W-2 income for your household. (function() { Additionally, Roy was solid and reassuring throughout the whole process, which was especially appreciated since we were first time home buyers. 800 SE 4th Ave Suite 139 Blanket Loan Options Available. He was patient and complete in answering all my questions. Low Rates Not a Hard Money Loan. I had a very short time frame to close and they managed to get everything moving, especially in COVID! Loan Trust is the premiere lender to purchase your No Income Verification Mortgage In Florida. They had all the needed documentation ready on time for the closing. I'm happy. When considering a no income loan, it makes sense to take some time and review the lenders and brokers that you are considering. 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. Helped ease my nerves about refinancing. I was applying for mortgages for my dream home in Florida. Lenders must fully document a borrower's ability to repay the loan either with income or assets. He always kept the fire going and the process was completed before the promised deadline. Interest Only Option Available. You may be able to get a mortgage without a job. Would highly recommend them for anyone on the market looking to purchase a new home. I closed on my first home last week and not without the help of Stephanie Ventura and Me'Me Gray. As a first-time homebuyer, I never knew how to go about buying a house. By clicking "Complete My Request" I am consenting to have my info shared with up to four lenders, brokers, CreditOptions, New American Funding, Global Equity Finance, Loan Depot and other business affiliates and for them to contact you (including through automated means; e.g. I could not have done this without her expertise and guidance. Thank you so much JC you are truly a blessing from above! Thanks again for a great service. Always responded to any question or request immediately. RK Mortgage Group, especially J C Riviera, were very professional, respectful and easy to have help us refinance our mortgage. Contact one of ourloan consultantsto learn more about this program. They helped us along the way. Broker rebate up to 2 points available. Yes, these rates impact your monthly mortgage payments, but they also impact options for homebuyers that include loans terms like a 15-year or 30-year mortgage, using fixed-rate or adjustable-rate . Here are some of the most common options: For the self-employed person, the bank statement loan is one of the best deals available. Rates Starting at 7.46%. I would definitely do business with RK Mortgage again! Before signing up for a no-income verification mortgage, be sure to carefully read and understand your loan terms. He is a well disciplined and well-mannered and is the best representation for any mortgage company. I'd recommend them to anyone. A B-lender will allow self-employed, commissioned and people earning tips to qualify up to 75% and in some cases 80% (with an in-house product) to refinance, get a home equity loan, or purchase a home with stated income. This saved us a lot of time. No income verification No tax returns 30-year terms. I highly recommend RK Mortgage Group for refinancing issues. I was googling a mortgage company before purchasing my house and found RK Mortgage Group offering programs for self-employed borrowers. No-income verification loan rates vary based on the lender, loan amount, loan term, and your specific financial circumstances. Can you get a mortgage without a verifiable income? Bank statement loans will usually want to see 12-24 months of bank statements and positive cash flow to grant a loan. Find Nationwide lenders that specialize in no income refinancing, no doc mortgages and stated income home loans. They worked diligently to ensure the process was efficient and stayed in touch each step of the way. Would totally recommend. RK Mortgage Group was recommended to me by one of my friends. From first contact to closing, Lucrece and Marcia were amazing. Great job RK team! They found the right program that fit my needs. Thank you for getting it done! He also got me a great rate on my mortgage! The best way to find out if a no income verification loan is the right financing choice is to speak with a MortgageDepot loan officer. I surely will use his services again in the future!!!!!!!!
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