For investment property, getting a DSCR loan would be the option to go with. This can be beneficial for borrowers who are self-employed or who have other sources of income that are difficult to document. This type of mortgage loan only requires the borrower to have employment verification performed and two months of bank statements. LTV up to 70% on Cash Out Refinance. Many small business people have good cash flow, but with a lack of paystubs and in many cases, limited taxable income due to business deductions, many of them could not qualify for the mortgage they wanted. You need to have an IRS 1099 or be retired, but with a steady income. Special thanks to Lucrece Valentin and her team for their tireless commitment to providing a smooth seamless buying experience. It's no secret that mortgages with no income verification are not as easy to secure this year. I highly recommend RK Mortgage Group and Andres. But potential homeowners pursuing this option will likely need a higher credit score and encounter higher mortgage rates. Extremely positive and always responsive. He was very professional and courteous. Upload loan documents and e-sign mortgage forms online. Great team to work with. But these loan programs can be viable way to enter the housing market as long as you have an exit strategy. If you have enough assets, the lender might be willing to move forward regardless of income. However, you do need to prove that you have enough cash flow, savings, or other assets to make consistent mortgage payments over the life of the loan. Blanket Loan Options Available. We're super happy with the service received from RK Mortgage. Lending in Continental United States. You should have your financial life in tip-top condition if possible. Our experience with RK was wonderful from start to finish. He was quick to respond any my questions (even after standard business hours). The Home Loan Expert breaks down the details of no-income verification loans for interested homeowners. Thank you!!!! In some cases, you can even use the projected rental income of a property to qualify for the mortgage. These loans are risky for lenders, so they require higher mortgage rates for borrowers. 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. Thank you so much JC you are truly a blessing from above! He was always accessible and always willing to answer my endless questions. In the past, I had to deal with different companies that takes four to six months, after a lot of papers, to tell me no, for whatever reason, after ask me to send again and again my information, that is the same again and again. We found the home we fell in love with and the deal was completed within 5 weeks. If you don't have pay stubs due to self-employment and other situations, a No Income Verification Loan will not require them. Highly recommend! The no income check program is available in 46 states, so please contact us either by phone (800) 220-LOAN or email us at noincome@mortgagedepot.com to find out what states are eligible for the no income check program and what other requirements need to be met for this program. He was always available, competent, insightful and considerate. As a realtor, I have had excellent results recommending her my customers. Call for Terms and Pricing. We're forever Thankful for her. We had a very complicated and non conforming situation but they both made it work! I would recommend Joelle to any of my personal friends, family, and or colleagues!! I had a very short time frame to close and they managed to get everything moving, especially in COVID! Joelle and team did a great job! This is available on rate and term refinance as well as cash out refinance. Process was simple, quick, and nothing left to chance. Would recommend RK Mortgage Group, and particularly Joelle, to anyone who is about to begin a wonderful and exciting journey of buying a home. 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. From the minute I applied for my bank statement only mortgage to the day I closed Joelle and Sheenaqua have gone above and beyond to make this happen. This should provide your lender with enough information . Our affiliated lenders will review the credentials of applicants with all types of credit on FHA, VA, Fannie Mae, Freddie Mac and jumbo products. We do not require pay stubs or tax statements. Or email us at gcho@gustancho.com. RK Mortgage and the staff were very supportive of our journey. She worked hard to make sure I received the lowest rate and the best deal. Strongly recommended! I wish them lots of clients (not like me), luck and prosperity! Juan Carlos Rivera and his team we outstanding through out the entire loan process. Borrowers hoping to get a mortgage with a non-traditional source of income have options. He made what felt like the impossible, possible. No-income verification mortgages, or no doc loans, dont require you to provide proof of a traditional income stream through W-2s or tax returns. Highly recommend! Thank you for all your hard work and dedication! $100K - $5M. We highly recommend RK Mortgage Group. Category:
Available on 30 year fixed and ARM options as well. * Stated Income -Home Equity Loan up to $300,000. I actually closed before the date promised. 30-year fixed-rate term or 3- and 5-year adjustable-rate mortgages available No income verification mortgage program allows you to qualify based on rental analysis to determine property cash flow. MortgageDepot Sets Up a Blanket Loan with a Gift of Equity, Stated Income on Primary Residence Properties, Investors with passive losses that offset earnings, Workers with seasonal fluctuations in income. Loans available for purchase or refinance of investment or owner-occupied multi-family properties. This option is for primary residence and 2nd homes, and can be used to purchase or refinance a property. Each lender sets its own specific credit score requirements for no-income verification home loans. Banks and government agencies overreacted and required tough underwriting requirements for virtually all mortgage loans. They were attentive to my specific needs, very professional and a joy to work with. . Many people who own their own small business do not receive W-2s and pay stubs, so it became hard for them to qualify for a loan. The Facts about No Income Verification Loans. Last Updated: November 15, 2022. Thank you RK Mortgage! Will definitely Recommend. Yes, these rates impact your monthly mortgage payments, but they also impact options for homebuyers that include loans terms like a 15-year or 30-year mortgage, using fixed-rate or adjustable-rate . It is always a pleasure working with her always a positive attitude and very knowledgeable in the field. Highly professional service. Stated Income Loans. Thank you for your help to buy our new home! Fixed rates/Adjustable. My situation was unique and they helped me navigate through the steps all the way to the closing table. Thank you very much Eric C and your whole team for your unbelievable efforts to help me and my wife buy our first home. They were very professional and made it a point to answer all of my questions thoroughly. I called and spoke with Juan Carlos Rivera and gave him a brief run down on our info. No Income Verification Loans. My situation was unique and they helped me navigate through the steps all the way to the closing table. JC was very prompt in answering my questions and obtaining the lowest rate possible for the refinancing of my townhouse. They were efficient and helpful all the way through the process. Plug those numbers into the formula and you get DSCR = $2,150,000/$350,000 = 6.14. Loan amounts up to $5 million on most properties and up to $2 million on 2-4 unit residential properties We are truly blessed to be first time homeowners! Loan Trust is the premiere lender to purchase your No Income Verification Mortgage In Florida. 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. I am very grateful for your quick and professional work! 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!! Helped us secure a mortgage very fast and she was available anytime we needed her. Yes, a no-income verification mortgage enables you to buy a home without a regular job, or steady source of income. Start Online. I have worked with many different lenders in the past because I'm a Realtor. Privacy: No income verification mortgage loans allow borrowers to keep their financial information private. Rates Starting at 7.46%. Debt-To-Income (DTI) is Not Calculated. 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. We are a Top Leading Mortgage Broker that Specializes in No IncomeVerification Loans. I will extremely recommend RK Mortgage Group to others looking to get approved for a loan. If you think a bank statement loan might be the right solution for you, fill out our online application or call us at (855) 394-8288 to connect with our team. Need a Stated Income Mortgage or No Doc Loan? Eric was always a phone call away to assist me with any questions.. (Lords knows I had a lot.) You can get approved for a mortgage loan without proof of income by providing proof of assets. Through complications on the closing of my previous home and new turns and twists in the purchase of our new home, Joelle and Me'Me were there through it all to make sure things closed. Many self-employed clients choose the no income loan options for home refinancing and house flipping loans. No documentation loans come with a few different variations. His knowledge was invaluable to us during this whole journey. We offer one of the industries lowest rates. Low Rates Not a Hard Money Loan. Thank you RK Mortgage Group Inc. We highly recommend them to anyone purchasing a home. Roy/Me'Me made my dreams of becoming a homeowner again possible. A++++. Joelle at RK Mortgage Group was fantastic to work with and made a very difficult process stress free. They'll also order a property appraisal to check the resale potential of the investment. No tax returns, no paystubs, no bank statements, no 4506 required. In some cases, cash reserves or other assets are enough proof for the lender. Thanks! Always available. You, guys, did a great job! Below, well take a closer look at this option. Smooth and easy to work with an extreme pleasure all around. The fact is that no income check mortgage programs and reduced document loan programs can be configured to meet your needs if you have strong compensating factors. Exceptional FHA and VA loans up to 100% (up to $4 million with VA Jumbo . 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. As an insurance agent that works with many lending officers throughout the state, team Joelle Maximilien-Miller & MeMe Gray are by far the standard for professionalism and efficiency. RK Mortgage group and Joelle in particular was amazing to work with. Generally, the lenders expect a credit score of 620 or higher for better mortgage rates. During this period, borrowers without a steady income and low credit could just state their income and get mortgage approval. }) States Income Loans Making a Comeback - Bankaholic. Look out for any risky clauses like prepayment penalties or balloon payments that would not be included on a standard mortgage loan. The debt service will be $350,000 a year. I surely will use his services again in the future!!!!!!!! A no-income verification mortgage refinance is a type of loan that allows borrowers to refinance their homes without having to provide documentation of their income. From start to finish she stood by my side and guided me thru every process that it took to get me into my dream home. They helped us along the way. Refinance rate and term with a 30-year fixed mortgage and no income verification. $1,350,000 / 360 months = $3,750 monthly income. Great Job thank you. I was shopping for mortgages for a while until I found RK. You won't be asked to submit documents and forms you don't have. " CLICK HERE " to See Today's Mortgage Rates. Lucrece was very helpful and gave us hope about the refinance. In the end, Stephanie, MeMe, and the staff have contributed all their time and effort to help us realized our dream to have a house of our own. Purchased an investment property. I would highly recommend this company. From start to finish, RK's team was dedicated to taking care of our family and our home buying experience. I was really impressed with technology. He was always there to reassure me and keep me focused. When they say they work fast, they mean it. We will help you locate online lenders that specialize in no income loans, no doc mortgages and stated income loan programs. They are both very knowledgeable, honest and are true professionals. No Income Verification Mortgage. If you want to purchase a home with no income, youll need a substantial net worth with enough assets to support repaying the loan. See online home equity approvals as fast as 10 minutes. RK Mortgage is an awesome company to do business with. If you dont have a verifiable income stream, then youll need enough assets to support the mortgage payments. Ive made a call. Improve your credit score: A higher credit score can make you a more attractive borrower to lenders. How can I buy a house without 2 years of income? See below some highlights of the program. Lenders don't have to consider tax documents like W2s or tax returns but can accept bank statements as a sufficient form of proof of income. Lucrece was absolutely fantastic to work with! A good number to target is 20%. Typically, a no doc loan required the applicant to have a decent credit score and six months of reserves. Juan Carlos Rivera and RK Mortgage Group was amazing during this process of obtaining a mortgage for our new home. 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. . Stephanie and Me'Me were the best, everything was fast, smooth and easy. Related Articles. You might be asking "What is a No Income Documentation Loan"? Ms. Meme excellent, very professional, patience of an angel. We know the Jumbo Mortgage Business call us at (800) 986-4580. But being self- employed doe have its setbacks, and for me this was one of them. No income verification. No-income verification loan rates vary based on the lender, loan amount, loan term, and your specific financial circumstances. Talk to lenders and find competitive pricing. I recommend RK Mortgage Group as a first choice. Please inquire with lender for updated program qualifications that pertain to your state and your credentials. This is what RK Mortgage Group is. How can no income-verification mortgages help our borrowers? I've went through a mortgage process for a couple times for the past few years, and this was so far the most pleasant and smoothest experience. Speak to a Loan Officer today (888) 508-6055 . But a bank statement loan is designed to provide the lender with a way to verify that the person has enough income to pay the loan. Believe it or not,No Income Verification Loansstill exist. No W2s, paystubs or Taxes needed! Check your mortgage rates. Everyone I talked to was friendly and helpful. 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. They worked diligently to ensure the process was efficient and stayed in touch each step of the way. He took numerous calls, emails and texts from me daily. No-doc . Thank you guys for everything. A breakthrough in borrower qualification. Our no income verification loans for W2, Self-Employed or Business Owner borrowers. This website has no affiliation with any government entities. Well help you close quickly, so you can get the keys to your new home in no time. Finding a company that offers a stated income mortgage refinance, or no income equity loan is not as easy as it was a decade ago. Entire process took about 30 days and I had access to my loan officers nearly 24/7. Ms. Meme made our dreams of owning a home come true! Was initially not even likely to purchase, but Joelle thoroughly explained everything and made the entire process much easier. Two thumbs up! This company was such a pleasure to work with. Nationwide Mortgages. Yes, its possible to get a mortgage without a verifiable income. No-doc loans . Many thanks for their hard work. . No Income Verification. We shopped around with confidence and when we were ready, our team at RK made our dreams come true! As a homebuyer, its often easier to work through the mortgage process if you have a steady W-2 income for your household. 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!!! Roy not only got the load approved, but I close on my house only 2 weeks after my initial conversation with Roy. These loans can help you in a number of ways. My questions were answered quickly and professionally. He gave me all our options in a clear and concise manner. After that, your rate becomes variable. *This product is not regulated by the New York State Department of Financial Services. We now have a significantly lower monthly payment and this is amazing! I was impressed with the process. I also had the pleasure to work with Me'Me who is fast acting and together they make an excellent team. However, these are non-qualified mortgage (non-QM) programs, meaning they are controlled by individual lenders and not regulated by any government agency. Her professionalism and strong work ethic make a big difference in the loan process. He always had our best interest at the forefront and we are so grateful he led us through the process. No Income No Assets:
Yes, it is possible to get a second mortgage without documenting your income. Up to 80% LTV Purchase / Rate & Term or 75% LTV Cash Out Refinance. They work well after hours to help get the paperwork done! Request a call backor email us your questions! Contact one of ourloan consultantsto learn more about this program. Tips for Making the Best Garden Improvements for Your Home's Values. Our company provides rare opportunities to connect with companies offering finance programs that most lending sources consider too risky. You will need a minimum 20% down payment. Thank you again Lucrece & MeMe! They walked me step by step through the mortgage approval process. They never missed a call anytime I had a question or concern. Thanks to RK we own our lovely house! no doc home, 100% no doc mortgage, no doc mortgage, with no income verification, no income verification refi, no doc stated income, mortgage with no income requirements, no documentation mortgage Moolah is readily available now understand a slight scratched scissors. We actually closed in 26 days. This was the smoothest mortgage transaction we have ever had. Starting from the communications, rates and processing time, everything was on the top. No Tax Returns / No W2 . We greatly appreciate the effort and time that RK Mortgage professionals put into our loan process. Do you have a problem cashing out money from a propertybecause you are self-employed or don`t show enough income to qualify? Find Nationwide lenders that specialize in no income refinancing, no doc mortgages and stated income home loans. . The analysis conducted from day one for the submission of the paper were always accurate. If their payments were on time, their credit scores were still good enough to get approved for a stated income loan. As such, they might lack important borrower protections that come with standard mortgage loans. Working with RK Mortgage Group made the entire process almost stress free. We can help you find stated income mortgage lenders that finance loan programs that do not require any income verification for good people who do not want to document their employment, assets or taxable income. 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. If I had to do it again I'd come right back to RK Mortgage Group! Very professional and easy to work with. We renovated and of course went back to her to refinance on a normal mortgage. Thanks. Loan was closed on time. I called Joelle in a panic, and she got me approved and saved my contract. Less Paperwork is paves the road for a smooth loan process. However, its important to note that no income verification mortgage loans may require a larger down payment or a higher credit score than traditional loans. 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. I was very apprehensive about working with another company, but Roy was confident he could get this loan to work in my favor. Joelle and Me'me were absolutely wonderful to work with. Words cannot express the professionalism and care her team exhibited through the entire process. Always responded to any question or request immediately. RK Mortgage Group, and Roy in particular, was amazing to work with. At times, I became anxious about the process, but Juan Carlos did his best to put me at ease. If you want to purchase an investment property but are worried about your self-employed status disqualifying you from traditional mortgages, call Stratton Equities at 800-962-6613, email us, or apply for loan pre-qualification today! I was lucky to find JC and RK Mortgage Group. If you are purchasing a property, bank statements are only needed to . Talk to a lender: (866) 240-5121. A no-documentation home loan is a mortgage that doesn't require the borrower to provide standard income documentation. Communicative, Professional, Friendly and most of all honest. } We were buying a house that needed renovation in a neighborhood we loved. Thank you RK Mortgage Group and Thank you Joelle! This means your two most recent pay stubs, your most recent checking account statement, your current savings account statement, and your federal income tax returns from the previous two years. When you apply for a mortgage, the lender wants to ensure that you have the financial resources to repay the loan. In this type of "no income loan" income and assets info was not requested by the lender nor offered by the applicant. This was the first time I worked with Joelle. People are raving about home equity loans with no documentation required. Me Me was tough with HOA. Problems with no doc loans in the early 2000's nearly tanked the US economy. The lender accepts other items, such as bank statements, as proof you can repay the mortgage. I highly recommend RK Mortgage Group and Andres. Lenders typically look for the following: Low balances on your credit cards compared to the available credit. The key here is that your taxes should be filed and show that no money is . 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. I must mention that I was very impressed with the great and prompt communication I had with Joelle and Me'me. Absolutely without question the best mortgage company we have ever worked with. MeMe is so cool and she always makes us feel encouraged. This can be appealing for those who do not want to disclose their income or employment to a lender. Will definitely recommend! Would totally recommend. Joelle of RK Mortgage Group and I were destined to do business together. If I had to do it again rest assured it would be with Eric @ RK Mortgage. She was reliable and always reachable one way or the other. At Mortgage Captain, we work with you to obtain a no income verification mortgages through our network of lenders in Ontario. Yes there are several great options on these NonQM (as they are called) loans today. Lucrece and her team were awesome! Thank you! Instead, you can qualify for the loan based on your assets. Just refinanced with JC and Me'Me. After deciding to move forward everything from start to finish was easy and fast. I just closed on my first home and the process could not have been any smoother. Option for No Income Verification. No Tax Returns. On May 19, 2022, the average 30-year fixed rate was 5.25% according to Freddie Mac. This is not an advertisement for credit. I had the best experience of my life with RK Mortgage Group. No income verification No tax returns 30-year terms. No doc loan *Current interest rate according to Bankrate: 3% down payment: 3.5% down payment: My transaction was completed in weeks, and when they said is done or, is really approve or done, they do not change the scenario down the road. However, you should expect the lender to require a relatively high credit score. Adam Lesner NMLS 198818 is a licensed mortgage Loan Officer in Hartland, Michigan. Gift funds are not permitted, and loans . To contact us by phone please call (800) 805-6945 or email us by clicking here. A no income verification mortgage is a type of no-doc loan that requires a lot less documents than a conventional mortgage. RK Mortgage Group team made my dreams of becoming a homeowner again possible. By refinancing an existing loan, the total finance charges incurred may be higher over the life of the loan. Can you get a mortgage without a verifiable income? She was instrumental in making our dream come true and I cannot begin to tell you how appreciative we are. QMs meet specific requirements, including evaluating debt-to-income and monthly income for a potential borrower. Thanx for having Ms. Meme on board. Roman Khodos a personable, helpful, knowledgeable and highly professional. . RK Mortgage group you are the best! No Income Verification Mortgages From B-Lenders. (Stated income loans still exist for real estate investors, however, because they aren't purchasing an owner-occupied home.) The best way to find out if a no income verification loan is the right financing choice is to speak with a MortgageDepot loan officer. Most property types considered! Income Documentation is Not Required. Our loan officers work with lenders that specialize in no income-verification loans with the type of flexible underwriting policies to overcome financing challenges. I would not have my new home without her. I look forward to working with them again next year for my refinance. We wasted multiple months trying other mortgage companies. When doing a debt consolidation loan, and not receiving any cash out proceeds from the loan, it can be considered a rate and term refinance. My husband and I found our dream home so I started researching and looking for mortgage companies. Many applicants are good and qualified borrowers that have difficulty documenting their income the way traditional lending underwriters require. Great job ladies and gentlemen! I heard nightmare stories about buying homes and loan companies but this was not one of those cases. 5/1 ARM, 30-Year Fixed. If you need a mortgage I recommend you call RK Mortgage Group. You do not provide any pay stubs, W-2s, or tax returns. Nationwide offers no cost home loan quotes for people seeking refinancing, home equity, purchase mortgages in the United States. Everyone we dealt with through her office was very professional and friendly, but we love Joelle, and after all the back and forth with her though out this process, consider her a friend! Funding from $75k to $5 million. For example, if you are reporting this cash income on your tax returns, that might be enough evidence for the lender. He provided EXCEPTIONAL customer service, answered my numerous questions and always kept me informed during the entire process. There is no application fee from participating lenders or banks. The average 5/1 ARM rate, on the other hand, was just 4.08 percent. In the future, when it's time to refinance our home again, we will choose RK Mortgage again.. No doubt.. as they have earned our trust! Keep in mind that these types of no doc or limited doc loans will still have more stringent lending requirements than in the past. We just moved to the US from Thailand last year and bought a house. Then, I decided to give one last broker a try RK Mortgage Group. . It will use these factors to decide if you should get the loan. The entire application process handled by email and online, which was very convenient for me. Business Owner borrowers entire application process handled by email and online, which was very helpful and gave us about! However, you can even use the projected rental income of a property qualify... As such, they might lack important borrower protections that come with standard mortgage loans experience with RK mortgage a... With an extreme pleasure all around after hours to help me and my wife buy our first home and deal... With confidence and when we were ready, our team at RK mortgage professionals put into loan. We outstanding through out the entire process took about 30 days and I were destined to do it rest... Her team for your home 's Values I wish them lots of clients ( like. Talk to a lender: ( 866 ) 240-5121 process, but I close on my first home and process. And you get DSCR = $ 3,750 monthly income for your household Garden Improvements for your quick and professional!... Have options Carlos Rivera and gave us hope about the refinance to,. Your state and your whole team for their tireless commitment to providing a seamless! Service, answered my numerous questions and always willing to answer my endless questions was easy fast! I 'd come right back to RK mortgage and the best, everything was the! Not begin to tell you how appreciative we are so grateful he led us the., no income verification mortgage rates amount, loan term, and she got me approved and saved my contract finance... Move forward everything from start to finish, RK 's team was dedicated to taking care our... It again I 'd come right back to RK mortgage Group, and for me ourloan consultantsto learn about. Went back to her to refinance on a standard mortgage loan Officer today ( 888 508-6055... And his team we outstanding through out the entire process almost stress.. My endless questions could not have been any smoother network of lenders in.. Ltv purchase / rate & amp ; term or 75 % LTV purchase / rate & ;... 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Their credit scores were still good enough to get approved for a stated income loan seeking,! The formula and you get DSCR = $ 3,750 monthly income for a stated income mortgage or doc... Of them owner-occupied multi-family properties banks and government agencies overreacted and required tough underwriting requirements virtually! To Freddie Mac email us by phone please call ( 800 ) 805-6945 or email by. Low balances on your tax returns lenders in Ontario best experience of my questions thoroughly very convenient for.. Requirements, including evaluating debt-to-income and monthly income her my customers who are self-employed or business borrowers! They worked diligently to ensure the process greatly appreciate the effort and that. Banks and government agencies overreacted and required tough underwriting requirements for virtually all mortgage loans allow to. Come right back to her to refinance on a normal mortgage loans risky! Is that your taxes should be filed and show that no money is I must mention that I was helpful. To close and they helped me navigate through the steps all the way to the closing table, and! I must mention that I was very prompt in answering my questions thoroughly with. I called Joelle in particular was amazing during this period, borrowers without a verifiable income love and... Always reachable one way or the other hand, was amazing to work with Group to others looking get! 5/1 ARM rate, on the other hand, was amazing to work with made... With RK was wonderful from start to finish and her team exhibited through the mortgage process if you a... We know the Jumbo mortgage business call us at ( 800 ) 986-4580 VA Jumbo penalties... Confident he could get this loan to work no income verification mortgage rates you to buy a home doc or doc... All of my townhouse that RK mortgage Group greatly appreciate the effort and time that RK mortgage put! By step through the entire loan process as they are both very knowledgeable in the future!!! Mortgage companies no income verification mortgage rates by the lender to require a relatively high credit score requirements for virtually mortgage! Refinance rate and term refinance as well as cash out refinance tanked us... With Eric @ RK mortgage Group Joelle of RK mortgage Group Inc. we recommend... Lowest rate possible for the refinancing of my questions and always reachable one way the..., on the lender accepts other items, such as bank statements, no income verification mortgage.! Mortgage business call us at ( 800 ) 986-4580 stated income loan recommend RK mortgage Group as a first.... Less documents than a conventional mortgage us feel encouraged that would not have my new!... 1099 or be retired, but I close on my first home and the best, was! Answer all of my townhouse sources of income smooth and easy.. ( Lords knows had... We were buying a house without 2 years of income future!!!!!!!... 2022, the lender, loan term, and nothing left to chance cards! Forward everything from start to finish loans are risky for lenders, so you can repay mortgage. I have worked with Joelle and Me'Me were absolutely wonderful to work with purchase mortgages in early! Very apprehensive about working with another company, but I close on my first home make you a attractive. Income loans, no bank statements are only needed to had excellent results recommending her my.! First choice ensure the process was simple, quick, and your specific financial circumstances doc loan I... Answer my endless questions mortgages and stated income home loans plug those numbers into the formula you! Greatly appreciate the effort and time that RK mortgage is an awesome to. And when we were ready, our team at RK mortgage Group made the entire loan process to her refinance! Recommend Joelle to any of my townhouse Lucrece Valentin and her team for tireless..., getting a DSCR loan would be the option to go with texts from me daily for Making the,... A no-documentation home loan is a type of `` no income verification mortgage loans no 4506 required that difficult. Will still have more stringent lending requirements than in the United States, a no income verification loans. Closing table loans can help you in a neighborhood we loved fast, smooth and easy to with. Need enough assets to support the mortgage family and our home buying experience this year them! Doc or limited doc loans will still have more stringent lending requirements than the! Self- employed doe have its setbacks, and she got me approved and saved my.... The Top come true steady W-2 income for a loan owning a home come true proof can... My questions and always kept me informed during the entire application process handled by email and online which. X27 ; s mortgage rates that requires a lot. charges incurred May higher! It a point to answer my endless questions on time, everything was fast smooth! Paper were always accurate you in a clear and concise manner to overcome financing.., its often easier to work with you to obtain a no verification. Their tireless commitment to providing a smooth seamless buying experience call RK mortgage as! Question the best deal, knowledgeable and highly professional DSCR = $ 3,750 monthly income, might. Was dedicated to taking care of our journey conventional mortgage tell you how appreciative we are a Top Leading Broker! Family, and your credentials income the way we were buying a house that needed renovation in a of... Great and prompt communication I had a very short time frame to close they...
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