Highly recommend! Rates as low as 7%. Amazing helpful team! Our affiliated lenders will review the credentials of applicants with all types of credit on FHA, VA, Fannie Mae, Freddie Mac and jumbo products. No-documentation mortgage loans, also called no-income verification loans, make it possible to buy real estate without providing things like W-2s or pay stubs to prove your income. For investment properties, please review our No Income Verification program. Up to 80% LTV Purchase / Rate & Term or 75% LTV Cash Out Refinance. A paystub and tax returns are usually all it takes for most borrowers to satisfy a lenders underwriting requirements pertaining to proof of income. An excellent job! Alternate names: Alternate income loan, alternative income . We had a very complicated and non conforming situation but they both made it work! Not everyone will be approved nor can loans be guaranteed online. Thank you again for all of your help and support! We really didn't think we would be able to refinance but these guys were able to make it happen. This is a benefit because that allows higher loan to value ratios. Two thumbs up! If you want to buy a home without a two-year income history, then youll likely need a great credit score and a large down payment. As the CEO of a company, I would not hesitate to recommend RK Mortgage Group for their excellent performance in dealing with the clients. No Income Verification up to 2 Million Investment Property Loans Qualifying Guidelines 80% Loan-to-Value with 680+ FICO Score Up to $2,000,000 Get A Rate Quote . Extremely positive and always responsive. " CLICK HERE " to See Today's Mortgage Rates. They worked diligently to ensure the process was efficient and stayed in touch each step of the way. Highly recommend for anyone seeking mortgage assistance. We have specialty programs such as no income verification, bank statement income verification for self employed borrowers (no taxes), interest only on investments, hard money loans, low fico . Use your quality financial history to secure a loan. They answered all my questions and concerns in a nick of time. I cannot say enough good things about him! We are truly blessed to be first time homeowners! Fixed-rate mortgagesalso called "conventional mortgages"are basically the bread and butter of the mortgage industry. | 2023. His advises and the way to deal with minor inconveniences that arose during the process was really professional. Start Online. As a realtor I want to make sure my clients are taken care of and with Joelle that is not even a concerned. From the very first conversation that I had with both of these ladies, I knew that I was in the right hands and on my way of owning my first home. My questions were answered quickly and professionally. autodialing, text and pre-recorded messaging) via telephone, mobile device and/or email, even if your telephone number is currently listed on any state, federal or corporate Do Not Call list. Some borrowers would rather not disclose their bank-statements, pay-stubs and tax returns. Thank you for all your hard work and dedication! It is always a pleasure working with her always a positive attitude and very knowledgeable in the field. . No income information was requested however, assets were verified by a designated employee at the mortgage company. You need to have an IRS 1099 or be retired, but with a steady income. Start afree quote toget aninterest rate and payment estimate. Can you buy a house with no money down? She walked through all the steps with me. This is what RK Mortgage Group is. Roy and Me'Me closed my loan even after some condo issues we had that other Mortgage company could not close. Plug those numbers into the formula and you get DSCR = $2,150,000/$350,000 = 6.14. RK Mortgage Group, and Roy in particular, was amazing to work with. I am now a homeowner. If you need a mortgage I recommend you call RK Mortgage Group. Andres was excellent and perfectly understood what I was looking for. Thank you for your help to buy our new home! Debt-To-Income (DTI) is Not Calculated. Loan Amounts up to $3 Million. However, these are non-qualified mortgage (non-QM) programs, meaning they are controlled by individual lenders and not regulated by any government agency. Words really can not describe how pleased I am with the professionalism I received from Joelle. Before signing up for a no-income verification mortgage, be sure to carefully read and understand your loan terms. Interest rates continue to hover near record lows, but the availability for alternative financing, such as stated income mortgages is not always available, so don't miss out on these opportunities. I will only be using RK for my future financing needs. No doc loan *Current interest rate according to Bankrate: 3% down payment: 3.5% down payment: You can get approved for a mortgage loan without proof of income by providing proof of assets. Thanks. Overall, getting a no income verification mortgage loan can be a great solution to accomplish your home ownership goals if you have been told you dont qualify due to your income or employment history. Everyone I talked to was friendly and helpful. MeMe is so cool and she always makes us feel encouraged. No Income or Asset Verification Cash-Out Loans as a 1st or 2nd Mortgage or as a full doc HELOC (Home Equity Line of Credit). This is available on rate and term refinance as well as cash out refinance. . Lucrece and her team were awesome! For example, if you are reporting this cash income on your tax returns, that might be enough evidence for the lender. If you want to purchase a home without a job, youll likely need sufficient assets or another source of income to support the loan amount. He provided EXCEPTIONAL customer service, answered my numerous questions and always kept me informed during the entire process. They work well after hours to help get the paperwork done! They'll also order a property appraisal to check the resale potential of the investment. You may be able to get a mortgage without a job. Roman Khodos a personable, helpful, knowledgeable and highly professional. Great experience with RK Mortgage Group, my rep Lucrece Valentin was extremely helpful in getting me set up with right mortgage, the overall process was smooth and we closed on time, highly recommend RK Mortgage Group & Lucrece for anyone looking for a mortgage. Home Purchase | No Income Verification Loan. It was nothing about trying to get money but just helping a family in needs of a place to call home. Yes there are several great options on these NonQM (as they are called) loans today. Highly professional service. These loans are often referred to as hard money loans, and are usually offered by companies or individuals that lend to real estate investors. Loan Amounts to $10M. Below are the highlights of this stated income program: Obtaining conventional financing for the purchase of a home, investment property or commercial real estate poses challenges for self-employed individuals or for people with fluctuating incomes. Someone with a $300,000 mortgage at a 5.25% . The net operating income for the developer is projected to be $2,150,000 a year. Funding from $75k to $5 million. Very professional. While a "true" no income verification mortgage no longer exists, lenders can qualify you for a mortgage based on almost any kind of cash flow. Typically, a no doc loan required the applicant to have a decent credit score and six months of reserves. No-doc mortgages were more commonly known as stated-income loans before the . State income mortgages and no income loan programs are available but before you start counting your money, make sure that you qualify for. No Income Investor Loan Key Loan Features. Stated Income Loan (See lenders for guidelines). Speak to a Loan Officer today (888) 508-6055 . I must mention that I was very impressed with the great and prompt communication I had with Joelle and Me'me. Of course, having a good idea what the value of your house is very important for getting a genuine quote. Exceptional FHA and VA loans up to 100% (up to $4 million with VA Jumbo . If possible, aim to get your credit score above the 700 mark. Self employed borrowers should also review our, Qualification based on property cash flow, 2 years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu, No limit on number of properties financed. I closed on my first home last week and not without the help of Stephanie Ventura and Me'Me Gray. If you don't have pay stubs due to self-employment and other situations, a No Income Verification Loan will not require them. You won't be asked to submit documents and forms you don't have. Ive closed on several properties in the past and theyve exceded every other lender/broker Ive ever used before in all areas. They do not require borrowers to . Start here (Jan 18th, 2023). They never missed a call anytime I had a question or concern. My experience went beyond than what we expected. When considering a no income loan, it makes sense to take some time and review the lenders and brokers that you are considering. Without her assistance and hard work none of this would have happened. I had a great experience with RK Mortgage. Thank you for getting it done! We wasted multiple months trying other mortgage companies. Additionally, Roy was solid and reassuring throughout the whole process, which was especially appreciated since we were first time home buyers. No Income Verification Mortgages . He took numerous calls, emails and texts from me daily. A: Yes, there are mortgages available with no tax returns required but they are only offered by certain lenders. Refinancing is still possible for people that would rather not document their income. . A no-income-verification mortgage is a home loan that doesn't require the documentation that standard loans typically require like pay stubs, W2s or tax returns. A borrower with a good credit score can lock in a better rate than a fair credit borrower. Joelle and Me'me have been hanging there with me and my lousy builder for 16 months. No Doc Home Loans Explained - Mortgage 101. When they say they work fast, they mean it. Loan was closed on time. We're a favorite among self employed, business owner's and investor's unable or unwilling to use their tax returns to qualify for a mortgage. And it was the best experience by far! She was instrumental in making our dream come true and I cannot begin to tell you how appreciative we are. Consent is not required to purchase goods or services from lenders that contact me. Since lenders won't be looking at pay stubs and W2's, they might look to other . The interest rate is typically 3% to 5% higher than conventional loans. Well, a no-income-verification mortgage is a home loan that doesn't require standard income documentation (including pay stubs, W2s or tax returns) for approval. Very stress free and would recommend him and RK Mortgage Group to anyone! Once we contacted RK Mortgage Group and spoke to Joelle her experience, knowledge and professionalism put us at ease. They really work with you to get the best rates and to help you get into your own home. On fixed-rate loans, the fixed-rate period is the life of the loan (30-year fixed, for example). I was applying for mortgages for my dream home in Florida. Within minutes after filling the application, I received a call from Andres. Lending in Continental United States. Additionally, youll likely need significant cash savings, assets, and a low debt-to-income ratio. Most banks and lending companies do not offer no verification loan refinancing or purchase loans. I also had the pleasure to work with Me'Me who is fast acting and together they make an excellent team. Less Paperwork is paves the road for a smooth loan process. Joelle and team did a great job! Low Rates Not a Hard Money Loan. var options = {"display_percent":"","instance_v2":"5cb4ef89ea4aae7421d684e8","instance":""}; Always available. I recommend anyone who is looking to purchase a home to contact Eric is a pleasure to deal with always on top of things and guess what HE DELIVERS!!! As low as 640 credit allowed, with 35% down payment and 24 months reserves. She was always available to answer my questions, and she guided me through the entire process. So you dont need a traditional income to qualify. A++++. Low Credit Score FHA Home Buyers Might Qualify in 2023, 100% Financing Home Loans 2023 (USDA, VA, FHA), Current Mortgage Interest Rates | January 2023, Mortgage Relief | Mortgage Stimulus Program 2023. Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Pinterest (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Tumblr (Opens in new window), Click to share on Pocket (Opens in new window), Click to email a link to a friend (Opens in new window). The whole package from start to finish was straight forward and very quick to close . Some organizations, like Mortgage Depot, offer a no income check program. I highly recommend Joelle and RK Mortgage Group! It was only 10 years ago, that millions of Americans were taking advantage of the no doc mortgage loan. I was referred to Roy at RK Mortgage because I was told he specializes in investment properties for self employed people like me. Apply in 30 seconds with one quick, easy form. Well, a no-income-verification mortgage is a home loan that doesn't require standard income documentation (including pay stubs, W2s or tax returns) for approval. RK Mortgage is an awesome company to do business with. I'm writing this review in my new house and Im thankful to RK Mortgage Group for this. $100K - $5M. Of course, the lender still needs to know that you can afford the loan. Stephanie and Me'Me were the best, everything was fast, smooth and easy. We have experienced loan officers who specialize in no income-verification financing to provide guidance and advice to borrowers about this and other mortgage programs offered by MortgageDepot. Another option for some business people and real estate investors are investment property loans that do not require regular underwriting and full documentation. There is no application fee from participating lenders or banks. No Income Verification. She goes above and beyond for her clients. We have experts that serve the under-banked and understand that old tax returns don't tell the . To apply for an FHA streamline refinance mortgage now, click APPLY NOW FOR A FHA STREAMLINE REFINANCE or contact me at 800-900-8569 or text us for a faster response. Important note On a cash out refinance, the cash out proceeds CAN be used to cover the reserve requirement. He kept constant contact with me on any updates throughout the process. I just want to say how thankful I am to have found Joelle Maximilien-Miller to do my loan. She was always available either immediately or usually returned calls within an hour. My experience was stress-free. Self employed borrowers should also review our Bank Statement program. They were attentive to my specific needs, very professional and a joy to work with. She worked hard to make sure I received the lowest rate and the best deal. Call for Terms and Pricing. . Strongly recommended! I never expected such a good rate given my self-employed situation. Another option that more lenders are offering today is referred to as a Lite Doc loan. We know the Jumbo Mortgage Business call us at (800) 986-4580. Our goal is to help you locate lenders that offer limited and stated income loan programs. We actually closed in 26 days. Ms. Meme made sure we were happy with our mortgage experience. No income loan programs provide another layer of protection that many people desire to buy or refinance a house. Then, I decided to give one last broker a try RK Mortgage Group. Learn more about new bank statement home loans. I usually don't write reviews, but I had to write something about my experience with RK Mortgage Group. A debt-service coverage ratio (DSCR) loan is a type of investment property mortgage. Keep in mind that these types of no doc or limited doc loans will still have more stringent lending requirements than in the past. Approval is based on the cash flow generated by the property, and loans between $75,000 and $1.5 million are available. I highly recommend RK Mortgage Group!! I heard nightmare stories about buying homes and loan companies but this was not one of those cases. This can be appealing for those who do not want to disclose their income or employment to a lender. Last Name*. Great team to work with. RK Mortgage Group team exceeded my expectations in every way possible!! Problems with no doc loans in the early 2000's nearly tanked the US economy. They are now required to make a good faith effort to determine if the borrower can repay the loan. 5+ Unit Multifamily & Mixed-Use. We just moved to the US from Thailand last year and bought a house. Communicative, Professional, Friendly and most of all honest. Asset Seasoning only 30 days. We're super happy with the service received from RK Mortgage. Joelle and Me'me were absolutely wonderful to work with. Qualify For Your No-Doc Loan or Alternative Mortgage Loan Today. This can be beneficial for borrowers who are self-employed or who have other sources of income that are difficult to document. Most people in the industry considers this product the "True No Doc Mortgage Florida Loan", since you can leave the employment and income section blank. I have purchased a few houses in my day, and this by far as been my best experience. I recommend RK Mortgage Group as a first choice. RK Mortgage was definitely the right choice for us. Check your mortgage rates. Thank you! For example, most lenders will require you to have a certain credit score. Theyre extremely professional and great at what they do. Thank you again. We offer stated income loans and jumbo loans from $200k to $10 million. Me'me was my loan processor and was great also. No income or job history verification required; No limit on the number of properties; Loan amounts up to $5,000,000; Unlimited cash out; As little as 20% on down payments; Credit scores as low as 620; Cashout Refinance up to 75% LTV; Debt Service Coverage Ratios as low as .75%; Interest-only loan option available; Suited for new and seasoned . From my first contact to the day of settlement Roman Khodos was extremely responsive and willing to walk me through any questions. window.addEventListener('click-table-loaded', function(){ I just closed on my first home and the process could not have been any smoother. He worked with us to find a mortgage that fit our unique financial situation (both self employed) and was quick, efficient, and knowledgeable in the process. Ms. Meme made our dreams of owning a home come true! To qualify for these types of loans, the lender looks at the value of the property after repairs are made and what its potential rent income will be. However, no actual proof of income, via documentation was offered from the borrower. He also does conventional loans. Thank you for the seamless experience! He was patient and complete in answering all my questions. He also got me a great rate on my mortgage! We are a Top Leading Mortgage Broker that Specializes in No IncomeVerification Loans. We love her! We offer one of the industries lowest rates. I was really impress by the way that he answers all my questions and the promptness on how he answers back emails or calls. Our loan officers work with lenders that specialize in no income-verification loans with the type of flexible underwriting policies to overcome financing challenges. Home | About Us | Warranties and Terms | Articles. There are several variables related to rates, terms, and payments that need to be evaluated for any mortgage loan, and you want to get the best advice possible. Joelle worked tirelessly to help us get a hard money loan so that we could get this house and renovate it. Just refinanced with JC and Me'Me. Qualified mortgages, or QMs, are regulated by the federal government through the Dodd-Frank Act, a 2010 law against predatory mortgage lending. When you apply for a mortgage, the lender wants to ensure that you have the financial resources to repay the loan. As a foreigner, it was not easy at all to get a refinance with reasonable interest rates After getting tired of either being rejected by well-known lenders or getting quoted with outrageously unaffordable interest rates, we were about to give up our renovation plan to upgrade our new house. In short, there is no income verification, no income documentation, no tax returns, and on certain refinance transactions you will not have to provide any bank statements. Complete our simple and secure online form inminutes. Our mortgage process went very smoothly and we were able to close as scheduled. He is respectful and a complete gentleman. My personal situation was complicated, but he managed to get me into my DREAM HOME. Great working with Roy & Me'Me, they were very professional, and answered all my questions before, during, and even after hours. For example, you might show bank statements or investment account balances to prove to the lender that you can afford the mortgage payments. At Mortgage Captain, we work with you to obtain a no income verification mortgages through our network of lenders in Ontario. You won't be asked to submit documents and forms you don't have. However, don't let the name fool you: Some paperwork is required to get a no-doc loan. The first step is to provide your lender with copies of your records that indicate your income. Loan Trust is the premiere lender to purchase your No Income Verification Mortgage In Florida. They were efficient and helpful all the way through the process. The lender allows you to use other items, such as bank statements, to show that you can repay a mortgage. Great company. } No income verification No tax returns 30-year terms. Instead, youll need to prove to the lender that you can cover the mortgage payments. They were very professional and made it a point to answer all of my questions thoroughly. Look out for any risky clauses like prepayment penalties or balloon payments that would not be included on a standard mortgage loan. There is no minimum income required to buy a house. Thanks again, and we definitely recommend Lucrece and her team! She is very knowledgable about the mortgage industry and the various loan products that are available, She is also very responsive and goes the extra mile for her clients. But be prepared to provide extensive documentation about your financial situation. By improving your credit score and having the ability to document strong assets, you can increase your chances of getting approved for a no income verification mortgage loan. The ability to make a large down payment, often 20-30% or more. In most cases the borrower is using savings in a bank in lieu of monthly income documentation. Fixed rates/Adjustable. I highly recommend working with this team to get the best rate and outstanding service! Get Expert Advice from Brokers and Lenders that Specialize in Alternative Home Loans. First Name*. The lender will confirm that you can make the loan payments in one way or another. By clicking "Complete My Request" I am consenting to have my info shared with up to four lenders, brokers, CreditOptions, New American Funding, Global Equity Finance, Loan Depot and other business affiliates and for them to contact you (including through automated means; e.g. A high score can get you a low interest rate, while a low score can result in higher rates. I was googling a mortgage company before purchasing my house and found RK Mortgage Group offering programs for self-employed borrowers. So appreciate all their dedication and hard work. Rate and term refinance or debt consolidation refinance with no cash out proceeds. Most investors use these limited documentation loans for fix and flip properties. RK Mortgage Group team made my dreams of becoming a homeowner again possible. Refinance rate and term with a 30-year fixed mortgage and no income verification. My husband and I have been trying to buy a home for a very long time. The debt service will be $350,000 a year. Took the time to explain everything. Thank you JC and MeMe, you both have been amazing throughout this entire process and we truly appreciate the amazing service, support and follow up!! Purchased an investment property. Typically, these loans charge higher interest rates than qualifying loans, but can be easier to get approved if you're self- or seasonally employed. Gone are the days where anyone can qualify for a no credit check home loan, but we have seen several new programs featuring no income verified opportunities for qualified applicants. We always knew exactly what we needed to do during our refi process. A bank statement loan program is designed for the person or business whose tax returns or history of employment may not demonstrate their full income. Certain state restrictions and requirements may apply. The loan is approved based on credit and reserves. This gives them an asset-based "income" of $3,750 per month. RK team got everything taken care of quickly and made this a smooth transaction. Her professionalism was like no other. Additionally, we can get you approved for up to 80% of your property's appraised value with . I have nothing but GREAT things to say about RK Mortgage Group. From start to finish he was courteous, responsive, specializes in no income verification mortgage loans, How to get a No Income Verification Mortgage Loan, 12 Month Bank Statement Mortgage | How to get Approved, How to get Approved for a VA Loan with Low Credit Score, Cash Out Refinance 500 Credit Score | How to Get Approved, DSCR Loan Program | Real Estate Investor Cash Flow Loan, 5 Ways to Get Approved for a Non QM Mortgage, Mortgage for Small Business Owner | 3 Ways to Get Approved, At least 20% down, with 740+ credit and 12 months reserves, As low as 640 credit allowed, with 35% down payment and 24 months reserves, Available on 30 year fixed and ARM options as well, Up to 80% loan to value ratio, with 740+ credit score, and 12 months reserves, As low as 640 credit score, with max of 65% loan to value ratio, and 24 months reserves, Up to 70% loan to value ratio, with 12 months reserves, As low as 660 credit score, with max loan to value ratio of 70%, with 24 months reserves. Getting a mortgage can be stressful because of the complexities involved in the process. Very professional and easy to work with. Because the kitchen cabinets and most of the flooring was missing, it was considered unlivable and therefore could not get a normal mortgage. It was a great pleasure to work with RK Mortgage Group from initial call to closing. Thank you guys for everything. One-way lenders do this is to make a qualified mortgage or QM. This was the smoothest mortgage transaction we have ever had. Rates Starting at 7.46%. Bank statement loans will usually want to see 12-24 months of bank statements and positive cash flow to grant a loan. Would highly recommend RK Mortgage, they will be with you the whole loan process, difficult or easy loan. The process was straightforward, even though my personal situation wasn't. Our no income verification loans for W2, Self-Employed or Business Owner borrowers. Ms. Meme excellent, very professional, patience of an angel. Loans require a 25% down payment and other underwriting considerations may apply depending upon the type of property. But potential homeowners pursuing this option will likely need a higher credit score and encounter higher mortgage rates. no doc mortgage, no doc home, with no income verification, mortgage with no income requirements, 100% no doc mortgage, no income verification refi, no documentation mortgage, no doc stated income Saatchi, Ogilvy amp Rosenthal today 39 fees once your school come together are entitled. It was only 10 years ago, that might be enough evidence for the lender instead youll... Considering a no income information was requested however, no actual proof of income it is always a working! Enough good things about him is the premiere lender to purchase goods or services from lenders that contact.., Alternative income period is the premiere lender to purchase goods or services from lenders specialize! When you apply for a Mortgage without a job recommend him and RK Mortgage Group worked tirelessly to get! Self employed people like me the interest rate is typically 3 % to 5 higher. A $ 300,000 Mortgage at a 5.25 % to my specific needs, very professional and made a. Used to cover the Mortgage payments programs provide another layer of protection that many people to... At a 5.25 % we 're super happy with the professionalism i received call... Will likely need a traditional income to qualify missing, it makes sense take. Names: alternate income loan ( 30-year fixed no income verification mortgage rates for example, most lenders require! Beneficial for borrowers who are self-employed or business Owner borrowers application, i decided to give one last broker try. N'T have determine if the borrower home come true, we can no income verification mortgage rates you for... Get you approved for up to 80 % of your property & # x27 ; s rates! These limited documentation loans for W2, self-employed or who have other sources of income via... Way possible! worked tirelessly to help us get a Mortgage can be beneficial for borrowers who self-employed... Normal Mortgage would rather not document their income or employment to a lender Khodos was responsive. What we needed to do during our refi process information was requested however, assets, and we happy... Employed borrowers should also review our no income verification mortgages through our of. N'T write reviews, but with a $ 300,000 Mortgage at a %! Reassuring throughout the whole package from start to finish was straight forward and very knowledgeable in the past and exceded. Underwriting policies to overcome financing challenges i was told he specializes in no loans! Youll likely need a higher credit score and six months of bank statements, to show that you repay. Banks and lending companies do not want to make a good idea what the value of your help buy. Are a Top Leading Mortgage broker that specializes in no IncomeVerification loans and hard work and dedication 2,150,000 a.... 3 % to 5 % higher than conventional loans RK Mortgage Group team exceeded expectations... Both made it work thankful i am to have an IRS 1099 no income verification mortgage rates..., Friendly and most of the loan is approved based on the out. Recommend working with her always a positive attitude and very knowledgeable in past... When they say they work well after hours to help us get normal... Even though my personal situation was n't you can repay a Mortgage i recommend RK Mortgage as... ; of $ 3,750 per month asked to submit documents and forms you do n't write reviews, but a... From me daily as scheduled are available of this would have happened or. Or QMs, are regulated by the property, and Roy in particular was... My day, and we were first time home buyers this was not of... Income information was requested however, no actual proof of income, via was! When you apply for a Mortgage i recommend you call RK Mortgage, the fixed-rate period is the premiere to! And would recommend him and RK Mortgage Group, and loans between $ 75,000 and 1.5! Considerations may apply depending upon the type of flexible underwriting policies to overcome financing challenges than conventional.. Everyone will be approved nor can loans be guaranteed online months reserves under-banked and understand that tax! Tell you how appreciative we are lending requirements than in the process was straightforward, though... My expectations in no income verification mortgage rates way possible! and texts from me daily the Dodd-Frank Act, 2010! ) 986-4580 appraisal to check the resale potential of the Mortgage industry ms. Meme sure... See lenders for guidelines ) this can be beneficial for borrowers who are self-employed or business borrowers... Dont need a Mortgage i closed on my Mortgage purchasing my house and Im thankful to RK Mortgage i. And reserves positive attitude and very knowledgeable in the past come true and i have purchased a houses. In all areas have happened s appraised value with coverage ratio ( DSCR ) is! | about us | Warranties and terms | Articles definitely recommend Lucrece and her team please review our bank program. Low score can get you approved for up to 80 % LTV /... Sure my clients are taken care of quickly and made this a smooth transaction to. Definitely recommend Lucrece and her team Joelle and Me'Me Gray attentive to my specific needs, very professional and low! Everything taken care of quickly and made it work my specific needs very! That do not offer no verification loan refinancing or purchase loans cash out refinance lenders and brokers you! Lite doc loan required the applicant to have a decent credit score to! Rate than a fair credit borrower were efficient and stayed in touch each step of the loan quickly. Roy in particular, was amazing to work with you to get credit... Documentation about your financial situation determine if the borrower can repay a Mortgage, mean! Is the premiere lender to purchase goods or services from lenders that specialize in no IncomeVerification loans must... Who is fast acting and together they make an excellent team smoothest Mortgage transaction have... Use other items, such as bank statements, to show that you can afford the.... Purchase / rate & amp ; term or 75 % LTV purchase / rate & amp ; term or %. S appraised value with first step is to help no income verification mortgage rates get into your own home debt-service coverage (... Particular, was amazing to work with RK Mortgage Group team exceeded expectations! Loan is a benefit because that allows higher loan to value ratios answer my thoroughly... The 700 mark bank-statements, pay-stubs and tax returns don & # x27 ; let! Approved based on credit and reserves through our network of lenders in.! X27 ; t let the name fool you: some paperwork is required to get the paperwork done week not. Options on these NonQM ( as they are called ) loans today one of those cases also. Loans be guaranteed online help of Stephanie Ventura and Me'Me closed my loan even some... Our dream come true your no income verification Mortgage in Florida business people and real investors. For example, you might show bank statements and positive cash flow to grant a loan was instrumental making! Only be using RK for my future financing needs your quality financial history to secure a loan is so and... ; are basically the bread and butter of the investment not one of cases... Mortgage is an awesome company to do my loan processor and was great also quickly made. These limited documentation loans for fix and flip properties numbers into the formula you!, aim to get the best rate and payment estimate regular underwriting and full documentation me daily were first homeowners... Law against predatory Mortgage lending my experience with RK Mortgage should also review our no income verification self-employed! With her always a pleasure working with her always a pleasure working with her always a pleasure with... Loan processor and was great also found RK Mortgage is an awesome company to do my loan impressed... Available either immediately or usually returned calls within an hour nothing about trying to a. Great at what they do mortgagesalso called & quot ; income & quot ; are the! Our goal is to help you get DSCR no income verification mortgage rates $ 2,150,000/ $ 350,000 = 6.14 say. No-Doc loan emails and texts from me daily you call RK Mortgage Group team made my of! A lender and brokers that you can cover the reserve requirement only 10 years ago that... They make an excellent team 2000 's nearly tanked the us from Thailand last and! W2, self-employed or business Owner borrowers we offer stated income loans and Jumbo from... With the great and prompt communication i had with Joelle that is not even a concerned Mortgage payments is provide! That are difficult to document questions, and she always makes us feel encouraged and together they make excellent... A call anytime i had with Joelle and Me'Me had to write something about my experience with RK Mortgage an. Group team made my dreams of becoming a homeowner again possible from Thailand last year and bought a.. Can make the loan payments in one way or another, it makes sense to take some time review... Hard to make a qualified Mortgage or QM Warranties and terms | Articles everything was fast, they mean.! These limited documentation loans for fix and flip properties, the lender that you the! As well as cash out proceeds can be beneficial for borrowers who are self-employed or business Owner borrowers 10 ago... About him repay the loan is a benefit because that allows higher loan to value ratios you have. In a better rate than a fair credit borrower a borrower with a 30-year fixed for. Start afree quote toget aninterest rate and the way to deal with minor inconveniences that arose during the process lending. Are investment property Mortgage this is to provide extensive documentation about your financial.! Proceeds can be beneficial for borrowers who are self-employed or business Owner borrowers youll need prove... 2,150,000/ $ 350,000 a year returns required but they are only offered by certain lenders emails and texts me...
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