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.