Important Consumer Purpose-No Doc Loan Program You Should Know About

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We have a tested and tried No Doc Loan Program for Consumer Purpose Loan Situations.    If your borrower meets the guidelines, they can get this financing without having to address income in any way.   No Tax Returns, W2’s, Paystubs, etc.    Here are some important program guidelines below:

 

1st TD’s only

 

Up to a $3,000,000 loan size

 

Up to 80% LTV

 

At least a 640 middle credit score

 

A minimum of 3 months cash reserves needed post-closing

 

Employment not required

 

Debt to Income Ratio not calculated

 

Primary Residences and Second Homes

 

If you have any loan scenarios that could work for this loan program, let me know and we will work towards vetting your borrowers situation.    If this is a fit for your borrowers, this could open up some lending possibilities for your clients.