A stated income jumbo loan is NOT the same as a no credit check jumbo loan. Usually, the difference is for a stated income mortgage loan, credit is not only checked to see if the borrower qualifies for the program but credit is THE main qualifier used. On no credit check jumbo loans, there is NO credit check at all. The primary qualifier is proof of the down payment. Also for our no doc mortgage program, there is no seasoning on the down payment required.
Archive for the ‘Uncategorized’ Category
Are Stated Income Jumbo Loans the same as a No Credit Check Jumbo Loans
Thursday, October 1st, 2009Announcing No Doc Jumbo Loans
Monday, July 13th, 2009Just wanted to quickly tell everyone about this private no doc jumbo mortgages program. It fills a huge void in the housing and mortgage market. It is a Truu No Doc (not even a credit pull) program for residential and commercial property loans nationwide for $500,000 and up. Check out this true no doc jumbo loans program on our home page.