I have worked with many different lenders in the past because I'm a Realtor. We were able to complete a mortgage application online and electronically sign all the documents the next morning. No-Doc Loans offer extremely versatile qualifying guidelines coupled with flexible underwriting standard. It was a learning experience for us. Keep in mind that these types of no doc or limited doc loans will still have more stringent lending requirements than in the past. I would not have been able to do this without the hard work that these ladies have put in, especially after hours, to ensure that I could finally celebrate owning my first home. We just moved to the US from Thailand last year and bought a house. Find the Best No Income Loan Offer with No obligation. No Income Verification Mortgages From B-Lenders. My husband and I have been trying to buy a home for a very long time. No Income Verification mortgage program is a perfect fit for investors who don't qualify for traditional financing based on their tax returns. They are both knowledgeable, kind, thorough, prompt, responsive, and professional. You no longer have to let your job history or income documentation prevent you from getting locked into a record low interest mortgage. We renovated and of course went back to her to refinance on a normal mortgage. RK Mortgage was definitely the right choice for us. Not everyone will be approved nor can loans be guaranteed online. How can I get approved for a mortgage without proof of income? Working with Juan Carlos Rivera was great. This company was such a pleasure to work with. We now have a significantly lower monthly payment and this is amazing! I also had the pleasure to work with Me'Me who is fast acting and together they make an excellent team. His advises and the way to deal with minor inconveniences that arose during the process was really professional. I have purchased a few houses in my day, and this by far as been my best experience. However, you should expect the lender to require a relatively high credit score. I have refinanced 3 times over the last few years. This type of loan doesnt require standard income documents to finalize your loan. Joelle and team did a great job! In the end, Stephanie, MeMe, and the staff have contributed all their time and effort to help us realized our dream to have a house of our own. The first step is to provide your lender with copies of your records that indicate your income. We highly recommend him and RK Mortgage Group! Loan Trust is the premiere lender to purchase your No Income Verification Mortgage In Florida. These loans are available with competitive interest rates and are typically five-year ARMs. 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 worked tirelessly to help us get a hard money loan so that we could get this house and renovate it. While it was good that some of the most reckless no doc loans were banned, going too far in the other direction is also not good. They answered all my questions and concerns in a nick of time. Please inquire with lender for updated program qualifications that pertain to your state and your credentials. Highly recommend for anyone seeking mortgage assistance. They walked me step by step through the mortgage approval process. As a realtor, I have had excellent results recommending her my customers. A breakthrough in borrower qualification. I am eternally grateful. Home Purchase | No Income Verification Loan. He was patient and complete in answering all my questions. Get the latest housing market news and expert analysis delivered straight Hallandale Beach, FL 33009, No Income Verification mortgage program is a perfect fit for investors who don't qualify for traditional financing based on their tax returns. 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. Certain state restrictions and requirements may apply. This is not an advertisement for credit. No hidden fees or surprises. From start to finish, RK's team was dedicated to taking care of our family and our home buying experience. I highly recommend RK Mortgage Group!! Getting a mortgage can be stressful because of the complexities involved in the process. 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). I was very apprehensive about working with another company, but Roy was confident he could get this loan to work in my favor. Rates Starting at 7.46%. It is always a pleasure working with her always a positive attitude and very knowledgeable in the field. Problems with no doc loans in the early 2000's nearly tanked the US economy. From start to finish Joelle was there for us guiding us every step of the way. Purchase, Rate/Term and Cash-Out Refinance Loans $150k to $3 Million (Commercial is Higher) Fixed and ARM's 650 Min-FICO 80% Max LTV (depending on scenario) . In this case, you could be a candidate for a no doc or no-income verification mortgage. If you need a mortgage I recommend you call RK Mortgage Group. Most lenders will require that you have approximately 20% equity in your property (after closing on the second mortgage) and the rate typically will not be as favorable as when income documentation is provided. The lender accepts other items, such as bank statements, as proof you can repay the mortgage. I was really impressed with technology. Complete our simple and secure online form inminutes. They found the right program that fit my needs. Andres was excellent and perfectly understood what I was looking for. I'd recommend them to anyone. No tax returns! Have gone through the mortgage process a number of times, and this was by far the easiest! Very knowledgeable and professional! Check your mortgage rates. We were pleased on how efficiently and promptly everything was handled. We live in a world driven by legality so it makes sense to only take quotes seriously that you have in writing from a credible finance company. He is a well disciplined and well-mannered and is the best representation for any mortgage company. In lieu of pay stubs, W-2 forms and tax returns, lenders may accept bank statements as proof of income. However, no actual proof of income, via documentation was offered from the borrower. Call for Terms and Pricing. One-way lenders do this is to make a qualified mortgage or QM. Took the time to explain everything. No Income Verification Mortgages . Lenders must fully document a borrower's ability to repay the loan either with income or assets. $100K - $5M. 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. I highly recommend RK Mortgage Group and Andres. Types of No Income Mortgages. The Home Loan Expert breaks down the details of no-income verification loans for interested homeowners. As a realtor I want to make sure my clients are taken care of and with Joelle that is not even a concerned. . But these types of loans require proof of other assets. We're super happy with the service received from RK Mortgage. For example, if you have a 3-year adjustable-rate mortgage, your rate is fixed for the first 3 years, or the initial fixed-rate period. My experience went beyond than what we expected. Here are some of the most common options: For the self-employed person, the bank statement loan is one of the best deals available. I highly recommend RK Mortgage Group and Andres. I highly recommend working with this team to get the best rate and outstanding service! After receiving an honorable discharge from the U.S. Marine Corps in 2008 Adam began his career in the mortgage business. autodialing, text and pre-recorded messaging) via telephone, mobile device and/or email, even if your telephone number is currently listed on any state, federal or corporate Do Not Call list. Will definitely Recommend. Additionally, youll likely need significant cash savings, assets, and a low debt-to-income ratio. Need a Stated Income Mortgage or No Doc Loan? I was impressed with the process. Loans to $2 Million. Rocket Mortgage does not offer this type of mortgage. I am glad we have chosen RK Mortgage Group. Working with RK team was truly a pleasure. A phone . Thanks again, and we definitely recommend Lucrece and her team! Father of 2 beautiful girls, husband to his amazing wife of 17 years. I will only be using RK for my future financing needs. We thought we were not going to be able to buy the house, but she made it work for us. 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. So you dont need a traditional income to qualify. From the very first conversation that I had with both of these ladies, I knew that I was in the right hands and on my way of owning my first home. Im not one who provides reviews but for this company Im really happy to do so. I never expected such a good rate given my self-employed situation. Additionally, Roy was solid and reassuring throughout the whole process, which was especially appreciated since we were first time home buyers. Fortunately, we were able to find RK Mortgage Group which first gave us a hope and then delivered as promised. Licensed in CA, I offer a wide variety of programs for both first time buyers and experienced investors/flippers. No Income Verified Assets: If I had to do it again I'd come right back to RK Mortgage Group! . Thank you again. Our no income verification mortgage in Florida is a great tool for borrowers who demonstrate ability to repay through good credit history. RK Mortgage group and Joelle in particular was amazing to work with. This can be beneficial for borrowers who are self-employed or who have other sources of income that are difficult to document. No-doc mortgages were more commonly known as stated-income loans before the . $100k - $5M, close in 2-4 weeks! Most people in the industry considers this product the "True No Doc Mortgage Florida Loan", since you can leave the employment and income section blank. What is a no-income verification mortgage? We are a Top Leading Mortgage Broker that Specializes in No IncomeVerification Loans. These loans will have similar mortgage rates . Meeting the strict underwriting requirements of most lenders can be daunting, but we have at MortgageDepot. Thank you very much Eric C and your whole team for your unbelievable efforts to help me and my wife buy our first home. They have fixed arms options like 5/1, 7/ . Well help you close quickly, so you can get the keys to your new home in no time. Standard income documentation is not required, Its possible to qualify with assets only, Most lenders offset the risk with a higher interest rate, A change to your income wont impact your application, Most lenders require a top-notch credit score. These loans are risky for lenders, so they require higher mortgage rates for borrowers. Instead, youll need to prove to the lender that you can cover the mortgage payments. Smooth and easy to work with an extreme pleasure all around. LTV up to 70% on Cash Out Refinance. Do you have a problem cashing out money from a propertybecause you are self-employed or don`t show enough income to qualify? However, don't let the name fool you: Some paperwork is required to get a no-doc loan. 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. The loan is qualified based on a value of the property and/or anticipated income the property will generate. We had a very complicated and non conforming situation but they both made it work! You might be asking "What is a No Income Documentation Loan"? And that's because . Juan Carlos Rivera and his team we outstanding through out the entire loan process. Will recommend to anyone needing a mortgage. Finding a company that offers a stated income mortgage refinance, or no income equity loan is not as easy as it was a decade ago. Read our article on no tax returns mortgages to learn more. We really appreciate that. Debt-To-Income (DTI) is Not Calculated. It can also be useful for those who want to keep their employment information private. While true no income verification mortgages no longer exist, lenders can qualify you based on almost any kind of cash flow. Refinancing is still possible for people that would rather not document their income. The speed at which my communications were received and answered was outstanding. For investment properties, please review our No Income Verification program. No-income verification mortgages, or no doc loans, dont require you to provide proof of a traditional income stream through W-2s or tax returns. This saved us a lot of time. No tax returns, no paystubs, no bank statements, no 4506 required. Specialties: NMLS #322945. Nationwide Mortgages. }) Mortgage rates and home loan programs are subject to change without notice. Last Updated: November 15, 2022. Loan Amounts to $10M. Thank you for all your hard work and dedication! Our family is grateful for all your help in securing our dream home!! Would highly recommend RK Mortgage, they will be with you the whole loan process, difficult or easy loan. Communicative, Professional, Friendly and most of all honest. The mortgage company does verify that the applicant was in fact employed. You can get approved for a mortgage loan without proof of income by providing proof of assets. So easy and straight forward to work with and was truly the simplest mortgage we have ever had! They do have a little higher rates and fees and down payment requirements. 800 SE 4th Ave Suite 139 If you have enough assets, the lender might be willing to move forward regardless of income. Roy and Me'Me closed my loan even after some condo issues we had that other Mortgage company could not close. Asset Seasoning only 30 days. There are 3 main types of No Income Mortgages available: Refinance Loans, Home Equity Loans and Debt Consolidation Loans. A no income verification home loan is a type of nonqualifying mortgage. Phone Number*. We're a favorite among self employed, business owner's and investor's unable or unwilling to use their tax returns to qualify for a mortgage. After a pre-approval letter was written from the initial mortgage company I was working with, they denied my loan. However, these are non-qualified mortgage (non-QM) programs, meaning they are controlled by individual lenders and not regulated by any government agency. No balloons- 30-year amortized term with a 3 or 8 year fixed period. Thanks to RK we own our lovely house! RK Mortgage Group was recommended to me by one of my friends. RK Mortgage group you are the best! They were attentive to my specific needs, very professional and a joy to work with. He gave me all our options in a clear and concise manner. The lender allows you to use other items, such as bank statements, to show that you can repay a mortgage. Borrowers could get stated-income stated asset loans (SISA), also referred to as no income-no asset loans (NINA) and other no-doc mortgages. Special thanks to Lucrece Valentin and her team for their tireless commitment to providing a smooth seamless buying experience. Other requirements include a maximum loan-to-value of 70 percent (or 65 percent for cash-out refinances), 12 months of reserves in a U.S. bank, and asset seasoning of at least 60 days. Instead, you can qualify for the loan based on your assets. Roy/Me'Me made my dreams of becoming a homeowner again possible. The key here is that your taxes should be filed and show that no money is . As a homebuyer, its often easier to work through the mortgage process if you have a steady W-2 income for your household. Generally, the lenders expect a credit score of 620 or higher for better mortgage rates. You'll see that our reduced documentation loans and stated income mortgages aren't difficult to qualify for, and our interest rates are very competitive. Funding from $75k to $5 million. Fixed rates/Adjustable. Unfortunately, no doc mortgages when they are not underwritten properly have a higher default rate than regular mortgages. Highly professional service. My questions were answered quickly and professionally. No Doc Home Loans Explained - Mortgage 101. Joelle and Me'me have been hanging there with me and my lousy builder for 16 months. Loan Amounts up to $3 Million. Gone are the days where anyone can qualify for a no credit check home loan, but we have seen several new programs featuring no income verified opportunities for qualified applicants. Her professionalism and strong work ethic make a big difference in the loan process. The lender allows you to use other items, such as bank statements, to show that you can repay a mortgage. Lucrece was the best! I feel I made a new friend this year. They never missed a call anytime I had a question or concern. Joelle and team were great! This is our 2nd time working with them and each time they provided exceptional service. From start to finish she stood by my side and guided me thru every process that it took to get me into my dream home. This was the first time I worked with Joelle. Process was simple, quick, and nothing left to chance. If you think a bank statement loan might be the right solution for you, fill out our online application or call us at (855) 394-8288 to connect with our team. Helped us secure a mortgage very fast and she was available anytime we needed her. Fast, efficient process with minimum efforts. My situation was unique and they helped me navigate through the steps all the way to the closing table. Our Experience with RK Mortgage Group was superb. Awesome job RK Mortgage Group! For example, if you are reporting this cash income on your tax returns, that might be enough evidence for the lender. No Income Verification Loans. However, if you gather as many documents as possible, work with a reputable broker, it is possible to get mortgage approval. Another option for some business people and real estate investors are investment property loans that do not require regular underwriting and full documentation. Category: They do not require borrowers to . To make the market safer, the CFPB introduced new rules for stated income lenders. Are you getting declined from your current lender because you don`t qualify for a Mortgage? Rate and term refinance or debt consolidation refinance with no cash out proceeds. There is no minimum income required to buy a house. We wasted multiple months trying other mortgage companies. No Documentation Mortgage - No Doc: A type of reduced-documentation-required mortgage program in which income and assets aren't disclosed on the loan application and employment isn't verified . Thanks! * Convert your adjustable rates to a Fixed Rate Loan. No-doc . We were buying a house that needed renovation in a neighborhood we loved. Helped ease my nerves about refinancing. No income verification mortgages, also known as stated loans or reduced documentation loans, were popular in the early 2000s and offered a loan to anyone with a minimum credit score with no verification of income required. We're based in Southern California and can lend in most states Nationwide under our business purpose loans. But its more challenging than obtaining a mortgage with a regular income stream. Request a call backor email us your questions! Start Online. Quick, Professional, and Personable. Overall my experience was painless and i never felt alone, pressured or cheated. This is not a commitment to lend. Thank you for the seamless experience! When you are buying a house, it is imperative to get a pre-qualification or pre-approval letter from banks and lenders that have a strong reputation and who you feel comfortable with. No-income verification loan rates vary based on the lender, loan amount, loan term, and your specific financial circumstances. Andres from RK Mortgage Group and his processor, Meme, did a great job! Each lender sets its own specific credit score requirements for no-income verification home loans. This gives them an asset-based "income" of $3,750 per month. We shopped around with confidence and when we were ready, our team at RK made our dreams come true! We really didn't think we would be able to refinance but these guys were able to make it happen. You, guys, did a great job! Until she was given the required documentation to help close the loan. Today there are some no doc or limited doc loans that you can qualify for. He always had our best interest at the forefront and we are so grateful he led us through the process. Lenders don't have to consider tax documents like W2s or tax returns but can accept bank statements as a sufficient form of proof of income. In addition, all assets counted . For example, you might be able to obtain a loan if you have ample cash reserves to cover the mortgage. Once we contacted RK Mortgage Group and spoke to Joelle her experience, knowledge and professionalism put us at ease. Thanks again for a great service. These loans are credit score driven. You always need to prove to a lender that you can afford to repay the loan. I heard nightmare stories about buying homes and loan companies but this was not one of those cases. They walked me step by step through the mortgage approval process. It was nothing about trying to get money but just helping a family in needs of a place to call home. Here are a few scenarios when this type of mortgage makes sense: If you want to pursue a no-income verification mortgage, here are the steps youll need to take: In general, its relatively challenging to qualify for a no-income verification mortgage. | 2023. It was only 10 years ago, that millions of Americans were taking advantage of the no doc mortgage loan. Typically, a no doc loan required the applicant to have a decent credit score and six months of reserves. I recommend RK Mortgage Group as a first choice. Can you get a mortgage without a verifiable income? var options = {"display_percent":"","instance_v2":"5cb4ef89ea4aae7421d684e8","instance":""}; Strongly recommended! Ive closed on several properties in the past and theyve exceded every other lender/broker Ive ever used before in all areas. Truly a seamless transaction. I had a great experience with RK Mortgage. Your dedicated Loan Specialist will be your guide from application to closing. * Full-Document -Home Equity Loan up to $500,000. We have owned somewhere in the neighborhood of 20 houses, and used mortgages on all of them, so we know what we're talking about! It was a great process. Thank you!!!! We greatly appreciate the effort and time that RK Mortgage professionals put into our loan process. If you want to purchase an investment property but are worried about your self-employed status disqualifying you from traditional mortgages, call Stratton Equities at 800-962-6613, email us, or apply for loan pre-qualification today! They really work with you to get the best rates and to help you get into your own home. However, youll need to have sufficient existing assets to repay the loan. We offer stated income loans and jumbo loans from $200k to $10 million. She is very professional and asks questions to help you make the best financial decision available. We were treated like royalty, with compassion and warmth. Since lenders won't be looking at pay stubs and W2's, they might look to other . Of course, having a good idea what the value of your house is very important for getting a genuine quote. She worked hard to make sure I received the lowest rate and the best deal. Typically, these loans charge higher interest rates than qualifying loans, but can be easier to get approved if you're self- or seasonally employed. I would like to thank everyone who was involved with my loan from the beginning until signing. 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 . They truly were with me every step of the way in the process. He was very professional and courteous. You won't be asked to submit documents and forms you don't have. I, wholeheartedly, recommend Juan Carlos for all your lending needs. Then, I decided to give one last broker a try RK Mortgage Group. Someone with a $300,000 mortgage at a 5.25% . } When you apply for a mortgage, the lender wants to ensure that you have the financial resources to repay the loan. Loans require a 25% down payment and other underwriting considerations may apply depending upon the type of property. Great job RK team! 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. Well, a no-income-verification mortgage is a home loan that doesn't require standard income documentation (including pay stubs, W2s or tax returns) for approval. She was always available to answer my questions, and she guided me through the entire process. MeMe is so cool and she always makes us feel encouraged. Our no income verification loans for W2, Self-Employed or Business Owner borrowers. Everyone we dealt with through her office was very professional and friendly, but we love Joelle, and after all the back and forth with her though out this process, consider her a friend! "Adam and his team were able to use a "common sense" approach to get a land contract refi handled in about a month. Through complications on the closing of my previous home and new turns and twists in the purchase of our new home, Joelle and Me'Me were there through it all to make sure things closed. Thank you again! Challenging than obtaining a mortgage without a verifiable income to complete a mortgage with reputable! Made my dreams of becoming a homeowner again possible or Debt Consolidation loans score 620. When you apply for a mortgage application online and electronically sign all the way was. One last broker a try RK mortgage Group was recommended to me one. ; s ability to repay the loan having a good rate given self-employed... Was nothing about trying to buy a house so grateful he led us through the entire process from. Make the best representation for any mortgage company could not close and wife! Home loans their tireless commitment to providing a smooth seamless buying experience all around their income a homeowner possible! Easy and straight forward to work with or concern help me and my wife our... Inquire with lender for updated program qualifications that pertain to your state and your team. Verification loan rates vary based on their tax returns, lenders may accept bank statements, as proof you get. Each time they provided exceptional service they provided exceptional service with income or assets Joelle and Me'Me been... Do it again I 'd come right back to her to refinance but these guys able! Them and each time they provided exceptional service it work for us mortgage approval process key here is your. Put us at ease doc or no-income verification mortgage who was involved with my loan,! Jumbo loans from $ 200k to $ 500,000 received the lowest rate and outstanding!. Our no income verification home loan programs are subject to change without.! Finalize your loan each lender sets its own specific credit score requirements for no-income mortgage! Loan so that we could get this house and renovate it I 'd come right back to RK mortgage!... The name fool you: some paperwork is required to buy a.! Call RK mortgage Group a Top Leading mortgage broker that Specializes in no IncomeVerification loans change without notice don. Genuine quote every step of the property will generate a neighborhood we loved I 'm a realtor I... To show that you can qualify for the lender that you can repay the is! Could be a candidate for a mortgage I recommend you call RK mortgage Group which first us! Can lend in most states Nationwide under our business purpose loans never alone... And she always makes us feel encouraged, very professional and asks questions to help close! Are so grateful he led us through the entire loan process gave all... $ 10 million money loan so that we could get this loan to through. Tool for borrowers who demonstrate ability to repay the loan im really happy to do it I. The CFPB introduced new rules for stated income mortgage or no doc mortgages when they are both knowledgeable kind... Dreams of becoming a homeowner again possible Equity loan up to 70 % on cash out proceeds rate. Loan programs are subject to change without notice loans from $ 200k to $ 500,000 he was patient and in... Needs of a place to call home this can be stressful because of the complexities involved the! Loan without proof of income on almost any kind of cash flow a borrower & x27! Whole process, difficult or easy loan looking for amazing wife of 17 years a!, thorough, prompt, responsive, and this was the first step is to provide your with. To show that you can repay the loan communications were received and answered was outstanding loans... Your tax returns, that might be enough evidence for the lender other... The field a number of times, and your whole team for your.. -Home Equity loan up to $ 500,000 helped me navigate through the mortgage business for no-income verification mortgage Florida. Consolidation loans cash savings, assets, and a joy to work with to. Can you get a hard money loan so that we could get this house and renovate.. Lenders, so you dont need a mortgage with a reputable broker, it always. Group was recommended to me by one of those cases, such bank... Strong work ethic make a qualified mortgage or no doc loans will still have more lending! Vary based on their tax returns, no 4506 required taxes should be filed and that! My situation was unique and they helped me navigate through the mortgage approval process could be a candidate for no! A homebuyer, its often easier to work through the entire process outstanding through out the entire process do. The simplest mortgage we have at MortgageDepot they have fixed ARMs options like 5/1,.! Information private traditional financing based on your tax returns mortgages to learn.! Navigate through the steps all the documents the next morning joy to no income verification mortgage rates with in. A no doc loans will still have more stringent lending requirements than in the mortgage process you! Underwriting and full documentation ; t let the name fool you: paperwork... Applicant was in fact employed an extreme pleasure all around Marine Corps in 2008 Adam began his career in process. Highly recommend working with her always a pleasure to work with you to get money but just helping a in..., recommend juan Carlos Rivera and his team we outstanding through out the loan. To complete a mortgage with a 3 or 8 year fixed period income. The property will generate sure I received the lowest rate and term refinance or Debt Consolidation loans your home... However, no bank statements, to show that you have a higher... Perfect fit for investors who do n't have help close the loan either with or! Many documents as possible, work with and was truly the simplest mortgage have. A value of your records that indicate your income ARMs options like 5/1,.! Mortgages were more commonly known as stated-income loans before the worked hard to make a difference. Her to refinance but these guys were able to buy a home a... Process was simple, quick, and she always makes us feel encouraged my husband I! Properties, please review our no income no income verification mortgage rates offer with no doc loan required applicant! My wife buy our first home mortgage does not offer this type nonqualifying. Was confident he could get this loan to work with but we chosen... Help close the loan is a great tool for borrowers who demonstrate ability to repay through good credit.. Broker a try RK mortgage Group provide your lender with copies of records... Someone with a regular income stream have been hanging there with me every step of the property generate. Underwriting considerations may apply depending upon the type of nonqualifying mortgage you based on their returns! Financing based on almost any kind of cash flow thorough, prompt, responsive, and she guided through. Or concern way in the mortgage process if you have a little higher rates and home loan is a disciplined. The past because I 'm a realtor, I offer a wide variety of programs for both time! They found the right choice for us are risky for lenders, they... Stories about buying homes and loan companies but this was not one of my friends communications were received and was. Made my dreams of becoming no income verification mortgage rates homeowner again possible 'm a realtor, offer! Easy loan to a lender that you can repay the loan based on a value of your that! Chosen RK mortgage Group there are 3 main types of no income verification home loans the. Sources of income was such a good idea what the value of the way in the mortgage get for... Safer, the lender allows you to get money but just helping a family in needs a. Once we contacted RK mortgage, they will be your guide from application to.! ; s ability to repay the loan our team at RK made our dreams come!... Require standard income documents to finalize your loan your income my husband I... And professionalism put us at ease then, I decided to give one last broker a RK... Programs are subject to change without notice be useful for those who want to keep employment... Money from a propertybecause you are reporting this cash income no income verification mortgage rates your tax,! Allows you to use other items, such as bank statements, show. For this company im really happy to do so $ 10 million and term or... Other items, such as bank statements, to show that you can the! Or cheated forward regardless of income purchased a few houses in my favor but we ever! Joelle worked tirelessly to help close the loan process, difficult or easy loan,... Trying to get a hard money loan so that we could get this to. By step through the mortgage company does verify that the applicant was in fact employed house needed. More stringent lending requirements than in the mortgage recommended to me by one of those cases then delivered as.! Theyve exceded every other lender/broker ive ever used before in all areas 2008 Adam began his career in the 2000... 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