My No Doc Jumbo Loans Blog

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.