mortgage loan, very good credit but no income verification proof?
Cant find what your looking for? Enter your city or state here… USDA Home Loans – USDA Loan Rates & Requirements The Rural Housing Loan program is a product of the U.S. Department of Agriculture. It's partially funded by program borrowers. Similar to the Federal Housing Administration's FHA mortgage, cure the USDA uses homeowner-paid mortgage insurance premiums to … More informaiton please visit here… FHA, illness Fannie and Freddie regulator making moves to ease mortgage credit A shift by the federal regulator of Fannie Mae and Freddie Mac could soon make getting a mortgage loan easier by giving lenders more wiggle room before the mortgage giants demand that they repurchase loans. In his first public remarks since taking over … More informaiton please visit here… Question by karma l: mortgage loan, page very good credit but no income verification proof? looking to get home loan, my relative has both excellent credit score of 790 and has income of about $ 2100 monthly and my relative has documents like pay checks and tax return documents to prove his income. I myself too have very good credit score of 756 and I do a self job and can’t prove my income as I don’t have any documentations to prove income. Will that be a problem to us for getting approved for a loan amount of about $ 250k? I am going to file tax return very soon so I can prove my imcome to home loan lender. Will we both be subject to income verification despite the very good credit score? What do we need for approval process? documentations? Thanks Best answer: Answer by HurricaneKidCredit history shows your willingness to pay back debt. DTI (debt to income ratio) shows your ABILITY to repay a loan. Even if someone has outstanding credit they have to be able to repay the loan. Loan officers have to document income to show the customer is capable of paying off the loan. Generally in self employment cases you will need 2 years tax returns. This area has gotten MUCH MORE STRICT in the credit crunch. “No Doc” loans (no supporting documentation) are among the most problematic loans. They were even renamed within the industry “Liar Loans” because simple math was used to find out what they would have to claim as income to qualify for the home purchase and people would frequently lie since there was no documentation being done. These loans are still out there for high credit people like yourselves but if you have to resort to a “No Doc” loan be prepared to pay a MUCH HIGHER interest rate. Add your own answer in the...
Read MoreQ&A: No Doc Loan?
Question by kfount400: No Doc Loan? How do no-doc loans work? Best answer: Answer by angelaBasically you don’t have to provide proof of income. You shouldn’t have to show your past two years’ taxes or paystubs. Add your own answer in the comments!
Read MoreLastest New Government Refinance Program News
by Steel Wool Let Your Creativity Enhance Your Christmas Lunch Article by Jasnav For more informaiton please visit here… ACORDION SISA SHINA CAÑAR ECUADOR /produccioneslama@hotmail.com™(PL)original_Copyright ©2008-2009® Video Rating: 4 / 5 For more real estate new click here… Find More SISA Articles Unique Mortgage Banking Up To Date & Unique Mortgage Banking Programs Finance One provides the most up to date and unique mortgage banking real estate loans including Hard Money for borrowers and/or properties that do not meet conventional underwriting guidelines. We offer many types of unique mortgage banking solutions including low rate Stated Income Loans to $2M, purchase Foreign National loans, viagra 100mg non-warrantable condo financing, low rate private/hard money loans from $150K+ (commercial and residential)…we have many Private Mortgage Banking specialty financing solutions… Read More or Contact Us > Nationwide Unique Mortgage Banking Program Details: FHA HARP Program: We are one of the few experts of the HARP home loan. Borrowers will soon be able to refinance no matter how far “underwater” they are. Must have made last six payments, one missed payment in the last year max and have a job or other income. No income, no asset, no appraisal… Read More > Residential Portfolio Lending: Unique mortgage banking residential no income and high ratio loans are in high demand. We offer stated income loans to 65%+ with low competitive rates to $2M+; low rate and interest only super and ultra jumbo loans to $10M+; low rate gross income qualification loans to 80%; hard money loans to 70% (with the lowest hard money rates to boot)! We also finance Foreign Nationals, non-warrantable condos and condotels nationwide! Call for more Unique Mortgage Banking information… Read More > No Doc Loans: The Unique Mortgage Banking Express No Doc Loan is designed to make No Doc Loan financing fast, easy and accessible. The No Doc Loan program (no income, no asset, no fico) is the most streamlined No Doc Loan program offered… Read More > Stated Income Loans: Three Unique Stated Income Loan available nationwide (some states case by case). Loans up to 80% LTV NO FICO, NO ASSETS… Read More >, FL Read More > High Ratio Loans: Unique Mortgage Banking common sense underwriting nationwide. We can use the high ratio Loan program, aka Asset Depletion, to offset ratio guideline for borrowers with significant assets… Read More > Foreign Nationals : We can lend to Foreign Nationals! Passport needed at minimum. Unique Mortgage Banking conventional financing may require US bank account and in some cases US income… Read More > Condominiums: Non warrantable condos, condotels (condo hotel) and co-ops. Non-warrantable condos nationwide, condotels nationwide…very low competitive Unique Mortgage Banking rates… Read More > FHA Streamline: Take advantage of the FHA Streamline Refinance and turn the equity you have built up in your home into cash to aid in bills, college, a new roof, etc… Read More > Commercial: Prime or Non-Prime…we are very creative and do what it takes to close loans. The lowest Unique Mortgage Banking rates for prim properties! Stated income apartment loans available nationwide… Read More > Construction: Unique Mortgage Banking helps investors leverage their capital to build properties for investment purposes. We are fast and close deals quickly. Up to 75% cost to build! Residential and commercial nationwide… Read More > Some loan programs many not be available in all states (case by case). Programs and guidelines subject to change without notice. Find program guidelines for your your city or state: Affiliations: NAMB | NBA | NAMP | GM Unique Mortgage Banking programs and guidelines may change without notice. Unique Mortgage Banking Up To Date & Unique Mortgage Banking Programs Finance One provides the...
Read MoreQ&A: What is a reverse mortgage?
Cant find what your looking for? Enter city or state here… Condos are becoming FHA no-lending zones As the result of policy changes at the federal level and decisions by condominium boards of directors, and thousands of communities have essentially become prohibited lending zones for the FHA in the last several years. Related story: Title restrictions … If you would like more informaiton please visit here… 203K Loan: FHA 203K Mortgage Programs (Section 203 Standard, rx Streamlined) Planning to buy a fixer-upper, what is ed or make improvements to your existing home? The FHA 203k loan may be your perfect home improvement loan. In combining your construction loan and your mortgage into a single home loan, the 203k loan program limits your … For more informaiton please visit here… NY Times: FHA Loans Are Better with Housing Counseling FHA plans to incentivize housing counseling are part of the agency's range of initiatives, including the “Blueprint for Access” pilot program, to expand access to FHA loans for millions of homeowners with “bruised” credit. Borrowers who complete … If you would like more informaiton please visit here… Question by Christine: Mortgage Eligibility? I have 8K in credit card debt, sales but that is my only debt. No car payments, student loans, etc. I have about 3K in my savings. Is there a good chance I could be preapproved for a mortgage? I’m really just trying to get the ball rolling on the home purchase process. My credit card debt will be paid off within the next 6 months thanks to a new higher paying job. Looking for a yes or no answer and would like to avoid the “you should pay off your credit cards before you apply” thanks for all the responses! Best answer: Answer by MaritaIt is not so much how much you owe in dollars, then the ratio of your debt and your income. The things the mortgage companies will look at: How much disposable income do you have left, after you pay your monthly debt. Also, they don’t like to have your monthly mortgage payments anymore than 30 percent of your income. So, they will qualify your for an amount they think you can afford. And of course, your credit score is important. Have you made your payments on time etc. You can check your own credit report for free once a year (not the kind they advertise on TV, where they suck you in for a subscription). This one is government approved and everyone can do that. Here is the link: https://www.annualcreditreport.com/cra/index.jsp Add your own answer in the comments! Question by noncon4mist46: What is a reverse mortgage? I want to find out about ppl’s experiences with these. Interest rates, this problems, find etc. Best answer: Answer by LocalBoy1. What is a reverse mortgage? A reverse mortgage is a special type of home loan that lets you convert a portion of the equity in your home into cash. The equity that built up over years of home mortgage payments can be paid to you. But unlike a traditional home equity loan or second mortgage, viagra sale no repayment is required until the borrower(s) no longer use the home as their principal residence. FHA’s HECM provides these benefits. You can also use a HECM to purchase a primary residence if you are able to use cash on hand to pay the difference between the HECM proceeds and the sales price plus closing costs for the property you are purchasing. 2. Can I qualify for FHA’s HECM reverse mortgage? To be eligible for a FHA HECM, the FHA requires that...
Read MoreLastest Home Refinance Government Program News
Question by knightm88: who can give me a no doc home loan? i want to buy a new town house, seek thumb and i have 75% in cash to put down, symptoms purchase but i need 25% loan and i cant get a loan, i work over seas so i dont have a w2. can anyone help me, is there any lender that lends. even at 10% it wouldnt be a problem. thank you Best answer: Answer by Richard DUnless your credit score is over 720, almost no one. Try using one of the free online home loan finders. I used Chase, but my score is 801. Give your answer to this question below! Student Loan Refinancing: A New Option For Borrowers? Warren's plan, pills student loan borrowers (of both Federal and private student loans) would be able to refinance their loans for the current interest rate set by the government. As of 2014, healing that rate is just 3.86%. If you took out student loans just 3 … More informaiton please visit...
Read More