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Are there still lenders that do no doc loan and state income loans

by peachescre12923 from Fayetteville, North Carolina. Sep 18th 2014 Reply


Larry Gray (lgray_312_247)
#562 ranked lender in California - 1,127 contributions

I seriously doubt anyone is doing any "no doc" loans except perhaps a private hard money lender. However, there are a few lenders out there willing to provide something close to a "stated income loan." That loan allows for viewing the "cash flow" of someone's business so is not quite a stated income loan since you have to be the self employed borrower who is having the statements that show the cash flow of your buiness. Thus you can state whatever your income is as long as the "cash flow" records of your business indicate that you could take that much in income for yourself.

Sep 19th 2014
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Jamie Lynne (nationwidelenderforyou)
#142 ranked lender in Texas - 575 contributions

I offer a program using bank statements to qualify. Depending on your situation you will need to provide 3- 24 months of bank statements along with other qualifying conditions. You will not need to provide a W2/1099 and tax returns. This program is available for primary, second homes and investment properties in ALL states but OH, NY; and, only on primary properties in TX. This is only for self employed borrowers. Let's discuss your loan scenario in more detail. Contact me at 800 315 8803. My name is Jamie and I have been lending nationwide since 1989. I am happy to answer your mortgage questions, 7 days a week and review your loan scenario. Until then, I look forward to hearing from you. Jamie Lynne - www.bartprequalifies.com - email Jamie@bartprequalifies.com - 800 315 8803

Sep 21st 2014
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Yes, sub-prime is back!I'm in Dallas, Texas and not licensed in your state, but defiantly out there as of this month!

Sep 21st 2014
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