What Is a No-Income-Verification Loan? – Budgeting Money – Nesties hoping to get into a home of their own have a variety of loans available to them. Although it’s much more difficult to get than it used to be, one such mortgage option is the no-income-verification loan. Just as it sounds, you don’t have to verify your income with the lender, but you do have to correctly.
Stated Income Mortgage Loans: No tax returns. No income. – The Stated Income mortgage loan program is one of the most flexible lending options available to real estate investors. Why? Simply put, there is no income documentation, no income verification, no tax returns; and on most transactions (refinances) you will not be required to show any bank statements.
Federal housing laws prohibit discrimination on the basis of age, so retirement is no barrier to obtaining a. When retired people and couples apply for home loans, however, the requirement for.
(Editor’s note [Oct. 2014]: Obviously, much has changed since the following article was written in 2006. These days, it is nearly impossible to obtain a no-income verification home equity loan or line of credit (HELOC); lenders will require that you document your income or at least your assets.
No Credit Check Home Loans Are Easy To Obtain – Use The Internet to Search for Best Deals. Finding a loan of this type is not difficult. A borrower can find a no credit check home loan just by searching on the Internet. There are many lenders located on the Internet and everything regarding the loan can be completed through an online secure website.