We current have for a No Income Verification Loan program that offers the interest rates of a Full Documentation program. That's right. We are offering our clients a mortgage with the lowest interest rates promulgated by Fannie Mae and Freddie Mac, but with the ease and convenience of No Income Verification. Freddie Mac publishes a weekly interest rate survey, which can be found on the Freddie Mac website and on the lower left hand corner of our homepage. Visit our homepage and see what the recent average interst rates are, and imagine you can get those same low rates, even if you cannot furnish income documentations to prove you can afford the mortage.

This loan offer is ideal for those who have income that are difficult to document. The home buyers we have helped with this No Income Verification home loan have careers where the compensations consist of mostly cash tips, and small businsess owners. Street vendors, self employed professionals, business owners have incomes that are closely tied to their businesses and can be a nightmare to document. Cash tips earners such as waitors, bell hops, doormen, and taxicab drivers usually have difficulty proving their incomes and can often benefit from this No Income Verification loan program.

There are restrictions to this No Income Verification at Full Doc interest rate offer. First and foremost, the borrower(s) must have good credit histories, with seasoned credit accounts in good standing, and credit scores of 700 and above. Although the applicant's stated income is not verified, it must be reasonable for the type of job he holds. In addition, the loan applicant's employment is verified with the employer either orally or in writing. The applicant's funds used for down payment and necessary closing costs will be verified through the financial institution where the funds are held. In most cases, monthly bank statements showing the necessary funds will suffice. This No Income Check program is also restricted to owner occupied, residential single family homes, duplex, condominiums, and coops. No multi family and commercial properties will be allowed.