Unfortunately, our No Doc Jumbo Loan programs have been suspended. Please check back as this may change. We are sorry we aren’t able to help you, Funding for no doc loans are rare and can end abruptly. Wishing you the best in your search for a no doc jumbo mortgage.
August 28, 2010
No Doc Jumbo Loans – Announcement
October 15, 2009
Are Banks Still Doing No Income Verification Jumbo Loans
In short, No. When the mortgage and housing market collapsed, banks and the big mortgage companies (those still standing) completely eliminated no income verification mortgages and in particular no income verification jumbo loans. The only place to get such a loan is either through seller financing (sellers rarely verify income) or through private jumbo financing such as our programs.
October 1, 2009
What’s The Difference In A No Doc Jumbo Loan and A Stated Income Jumbo Loan?
I get this question a lot so I thought I would post it to my blog to help home buyers and home owners better understand this difference. Basically stated income jumbo loans are the same as traditional jumbo home loans except the home buyer/borrower is “stating” their income whereas a No doc jumbo loans have no income provided at all. Also on stated jumbo mortgages, the borrower usually has to show all their assets and no doc jumbo mortgage borrowers provides no documentation except to show they have the required down payment money.
September 7, 2009
What’s Easier No Doc or Stated Income Jumbo Loans?
It’s interesting how people online search for stated or no doc jumbo mortgages. While both jumbo loan programs are similar, there are some differences. Our program is as close to a no doc jumbo loan program as you get since the only document required is a bank statement proving that you have the down payment. Stated income jumbo loans (not what we offer) can actually have numerous documents including credit report, multiple bank statements, a balance sheet and even proof of self employment. So don’t make the mistake many people make and assume these programs are essentially the same. They are not.