NO-DOC Mortgage Loan
NO-DOC Mortgage Loans for Real Estate Investors available Nationwide with Stratton Equities.
A no documentation (or NO-DOC) mortgage is a loan that does not require income verification or tax returns from the borrower. Instead, this type of loan is approved on the confirmation to the lender that the borrower can afford the loan payments.
It is common for NO-DOC Mortgage Loans to be granted to individuals who do not have a regular source of income (including those who are self-employed), because their incomes aren't easily verified.
These type of mortgage loans are risky, however they are largely unregulated and lenders require higher down payments that traditional mortgages.
How can you apply for a NO-DOC loan?
When a borrower is looking to qualify for a mortgage, they normally are required to submit a proof of income, such as; pay stubs, employment letters, bank statements, and tax returns. As a NO-DOC Mortgage Loan is a NON-QM loan, the borrower is not required to provide any proof of income.
Get started on all the documents and requirements for your NO-DOC Loan, visit our Document Library to discover what you need throughout the loan process.
What is a NO-DOC Mortgage Loan?
NO-DOC Mortgage Loan Summary
Blanket Loan Options Available
Single-family, Condos, Townhomes, Multi-Family, Commercial, Mixed Use, Office, Retail, Industrial, Warehouse
$75K – $5M
Loans up to 80% of value
12 months, 5, 7, & 30 year terms
Purchase, Refinance, or Cash Out
Foreign Nationals Eligible