This site is all about no doc mortgages and stated income mortgages, primarily jumbo mortgages. Since the financial implosion, these loans have all but dissappeared except for some private mortgages. Even these mortgages are few and far between. Except for the jumbo no doc loans outlined in this site, I am not aware of any other similar stated or no doc jumbo loans.

No Doc Jumbo Loans

Alert: Our no doc jumbo loan programs have been temporarily been put on hold. Please check back later for notification of the resumption of this unique loan program. If you like, you can e-mail us and we will notify you when our no doc jumbo mortgages program is reinstated. Just click on the following link to be notified. To Contact Us (We will NOT give out your e-mail address)

SUMMARY OF OUR NO DOC JUMBO LOANS PROGRAM

• Private Financing from $500,000.00 to $20,000,000.00 (All 50 States)
  
• Residential And Commercial No Doc Jumbo Loans
  
• No Credit, Income Or Employment Check (True No Doc Jumbo Loans)
  
• No Seasoning Requirements
  
• Closings in 10 to 15 Business Days
  
• Rates Range From- 7% to 9% (Residential And Commercial)
  
• Down Payment For Residential – 15% (Unseasoned and Unsourced)
  
• Down Payment For Commercial – 20% ( Unseasoned and Unsourced)
  
  

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Here's a link if you need to sell a private note or sell a private jumbo note

No Doc Jumbo Loan and Stated Income Jumbo loan Specialist

Below are some related real estate articles you may find of interest.

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The New Mortgage Lender By Necessity - The Home Owner

Summary

Many desperate home sellers have turned to owner financing to move their home with surprising results. It seems that despite all the bad press, maybe the banks aren't so important. These home sellers are taking matters into their own hands.

The current mortgage and real estate crisis has created a boom in the private mortgage note business (Notes created by owner financing). Desperate home sellers are increasingly becoming the mortgage lender by necessity as banks have gone to the other extreme in lending practices. In the sub-prime days, lenders would give you a mortgage, often for 100% if you simply had a pulse. Now except for government backed mortgages (FHA, VA, USDA), you need twenty percent down, near perfect credit and fully documentable income in the way of federal tax returns. Unfortunately, these extremely tight lending practices have left a lot of very good, low risk home buyers out in the cold. This is particularly true for millions of self-employed home buyers who often have plenty of money for a down payment along with good credit and used to qualify for what was termed no doc loans and was even more so for no doc jumbo loans. They just may not be showing a lot of taxable income in order to minimize (legally) their taxes. Their aggressive tax strategy means they can't qualify for a mortgage loan. As a result, the homeowner has to step in to save the day or rather to save their day.

Now, I realize that every homeowner may not have this option, but it could work great for many homeowners. It is a great option for homeowners who have some equity in the property as opposed to those where the mortgage is equal to or greater than the value of the home. Interestingly, a lot of home sellers aren't even aware that they can sell this newly created note, which is a valuable marketable asset. They can even sell their note at a simultaneous closing or wait until the note has some seasoning (payment history) on it in order to get a higher price. Many Note Buyers will be glad to purchase the note at the same time the homeowner closes on the house. This gets the homeowner an all cash sale and while the homeowner takes a discount on the note to sell it (a dollar today is worth more than a dollar tomorrow), it moves the home quickly, usually fetches top dollar and can often be sold without any real estate commissions. The result is a win/win.

So while the Fed is throwing Billions and Billions of taxpayer dollars at the banks, the banks still aren't lending. Most of them are simply hoarding this cheap or free money or using it for mergers and acquisitions. As a result, the homeowner is having to take charge of their own destiny, just as entrepreneurial Americans have always done. This is even more so for buyers needing jumbo loans or worse yet, no doc jumbo loans and stated income jumbo loans.

Other pages on this No Doc Jumbo Loan and Stated Income Jumbo loan web site.

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