Do you keep getting turned down for a mortgage from your current lender?
Are you self-employed or otherwise unable to prove sufficient income, preventing you from liquidating a property for a lump sum?
The solution is at hand! No Pay Stubs!
It’s true; you can still apply for a loan without providing proof of income.
We offer no-income-verification mortgages and are a leading mortgage broker. The highlights of the stated income program are as follows:
- · A tax return is not necessary.
- · W-2s are not necessary.
- · Avoiding the need for W-2s
- · With a 25% deposit
- · One to Four Units, Including Townhouses and Condos
- · Refinance Cash-Out at a 65% Loan-to-Value
- · Up to a $5,000,000 loan amount
- · Expected credit score: 680
- · Fully amortizing loan over 30 years
If you’re self-employed or have an inconsistent income, you may have trouble getting approved for a traditional loan to buy a home, investment property, or commercial real estate. SteveKnowsLoans has successfully navigated the challenging underwriting standards imposed by the vast majority of lenders. Our loan officers have relationships with institutions that are experts in providing loans with no proof of income requirements and have liberal underwriting standards.
What advantages do our borrowers gain from no-income-verification mortgages?
Most applicants can fulfill a lender’s underwriting requirements for proof of income with nothing more than a pay stub and tax returns. Income from the following sources may be difficult to verify when applying for a loan:
- People who work for themselves
- Passive investors who incur losses that exceed gains
- Commission-based workers
- Employees whose pay varies with the seasons
If you’re looking for a mortgage but don’t have the paperwork most lenders like to see, SteveKnowsLoans can help. For our clients who don’t have pay stubs or whose income varies throughout the year, we deal with lenders who offer no income verification mortgages.
Loan policies that do not need proof of income
Mortgages with no need for proof of income are available from the lenders with whom we work for borrowers who do not fit the standard underwriting profile.
- Maximum LTV of 75%, depending on the type of property
- Lowest possible FICO score: 680
- Mortgages with terms of 30, 15, 10, 5, and 3 years are all available.
- Maximum loan amounts are $5 million for most properties and $2 million for 2-4 family homes.
- Investment or owner-occupied multi-family residences may be eligible for the following loan programs:
The down payment requirement is 25%, and there may be additional underwriting factors involved, depending on the type of property. For more information on this and other mortgage options from SteveKnowsLoans, feel free to contact one of our knowledgeable loan officers.
Inquire at SteveKnowsLoans.com.
A SteveKnowsLoans loan officer can help you determine if a loan without proof of income is the best option for your financing needs. If you have any questions concerning the No Income Verification Program, our loan consultants are here to help.
For additional information about this offer, please speak with one of our loan specialists.
Call Steven Jackson at 813-616-9411 now!
