Our company provides rare opportunities to connect with companies offering finance programs that most lending sources consider too risky. Stated Income Loans. I would go with him again! No doc loans, short for no documentation loans, are mortgages that require little to no paperwork to qualify. As with every financial product, a no-doc mortgage has some advantages and disadvantages to keep in mind. Would highly recommend RK Mortgage, they will be with you the whole loan process, difficult or easy loan. The Facts about No Income Verification Loans. Additionally, youll likely need significant cash savings, assets, and a low debt-to-income ratio. A no-documentation home loan is a mortgage that doesn't require the borrower to provide standard income documentation. I look forward to working with them again next year for my refinance. They really work with you to get the best rates and to help you get into your own home. I'm writing this review in my new house and Im thankful to RK Mortgage Group for this. Nationwide offers unique no income mortgage options on 1st & 2nd loan products. 5 stars to Joelle and Me'me for the exceptional service and attention they provided during the process. Strongly recommended! Loan amounts up to $5 million on most properties and up to $2 million on 2-4 unit residential properties Highly recommend! Ms. Meme excellent, very professional, patience of an angel. They do not require borrowers to . Highly recommend for anyone seeking mortgage assistance. Rates starting at 6.25%. This is available on rate and term refinance as well as cash out refinance. Juan Carlo Rivera, was quick, professional and courteous. This was the smoothest mortgage transaction we have ever had. We actually closed in 26 days. Thank you again!!! 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. Awesome job RK Mortgage Group! He also got me a great rate on my mortgage! On fixed-rate loans, the fixed-rate period is the life of the loan (30-year fixed, for example). Up to 75% LTV Purchase /Rate & Term. 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). We had an unusual condo purchase that most banks would not touch. People are raving about home equity loans with no documentation required. to your inbox. Filling out this form puts you under no obligations. Highly recommend this company!! My husband and I have a very busy schedule at work but they were willing to stay after hours to help us. Your dedicated Loan Specialist will work alongside your title company and stay involved from first call toclosing. Thank you guys! Interest Only Option Available. Thank you! Be Prudent when Shopping Online for No Income Verification Loan Programs: If you are buying a house, you need to ask the lender what the minimum credit score is, what the minimum down-payment requirement is and whether you will need to supply statements for the lender to verify assets. Apply in 30 seconds with one quick, easy form. Great team to work with. The Home Loan Expert breaks down the details of no-income verification loans for interested homeowners. 680 minimum credit score Why Choose Us. 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. In this case, you could be a candidate for a no doc or no-income verification mortgage. Lucrece and our loan processor MeMe worked extremely hard to get our deal done. Many thanks for their hard work. LTVs up to 75%. I couldn't be happier with Joelle and Me'Me. Starting from the communications, rates and processing time, everything was on the top. Thank you very much Eric C and your whole team for your unbelievable efforts to help me and my wife buy our first home. Thanks again for a great service. 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. I cannot say enough good things about him! 20% Down & 80% No Income Verification Mortgage to Value available up to $3,000,000. If you dont have a verifiable income stream, then youll need enough assets to support the mortgage payments. Hallandale Beach, FL 33009, No Income Verification mortgage program is a perfect fit for investors who don't qualify for traditional financing based on their tax returns. From the minute I applied for my bank statement only mortgage to the day I closed Joelle and Me'me have gone above and beyond to make this happen. 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! Always responded to any question or request immediately. Qualify For Your No-Doc Loan or Alternative Mortgage Loan Today. Toggle navigation. Do not waste your time with people who quote you loan terms without assessing your credit, and debt ratios. Thank you for the hard work. 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. This can be appealing for those who do not want to disclose their income or employment to a lender. Very knowledgeable and professional! No-income verification mortgages dont require proof of income. 30 Year Fixed Rates Available. We have purchased our forever home in lovely Key West Florida! I just closed on my first home and the process could not have been any smoother. Office, Retail, Warehouse, Self Storage, Automotive Service ( No gas stations). . Joelle and her processor Me Me were amazing. " CLICK HERE " to See Today's Mortgage Rates. As such, they might lack important borrower protections that come with standard mortgage loans. Joelle and Me'me have been hanging there with me and my lousy builder for 16 months. By refinancing an existing loan, the total finance charges incurred may be higher over the life of the loan. We offer one of the industries lowest rates. In this day and age, customer service, I feel has become something of the past. Your loan payments can be interest only payments. I highly recommend working with this team to get the best rate and outstanding service! Have gone through the mortgage process a number of times, and this was by far the easiest! 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. Ive made a call. You can improve your credit score by paying your bills on time, keeping your credit card balances low, and avoiding applying for too much new credit. Loans require a 25% down payment and other underwriting considerations may apply depending upon the type of property. Thank you! We just moved to the US from Thailand last year and bought a house. Debt-to-Income NOT Calculated. They work well after hours to help get the paperwork done! I encourage you to reach out if you need to get approved for a mortgage with no income verification, or need guidance on your specific loan scenario. I'm happy. Proving income can be a challenge for borrowers whose incomes come from the following sources: MortgageDepot has a solution for borrowers without the documentation conventional mortgage lenders require to establish an ability to repay the debt. . When others said no they kept pushing and found a way to get it done. $100k - $5M, close in 2-4 weeks! At times, I became anxious about the process, but Juan Carlos did his best to put me at ease. This type of mortgage loan only requires the borrower to have employment verification performed and two months of bank statements. We're super happy with the service received from RK Mortgage. What should be your minimum income to buy a house? On May 19, 2022, the average 30-year fixed rate was 5.25% according to Freddie Mac. Totally recommend her to everyone we know! JC is up front and honest person. If you are refinancing, you need to find out what the fico score and loan to value requirements are before making a commitment. My experience was stress-free. Most lenders will require that you have approximately 20% equity in your property (after closing on the second mortgage) and the rate typically will not be as favorable as when income documentation is provided. No Income Verification Mortgage. No Prepayment Penalty Option Available. $100K - $5M. One-way lenders do this is to make a qualified mortgage or QM. My personal situation was complicated, but he managed to get me into my DREAM HOME. Option for No Income Verification. We were able to apply, submit all our required docs and close in less than six weeks. Entire process took about 30 days and I had access to my loan officers nearly 24/7. RK Mortgage Group was recommended to me by one of my friends. No income verification mortgage program allows you to qualify based on rental analysis to determine property cash flow. An appointee from the lender actually verifies employment of the applicant with the company listed as the employer. RK Mortgage Group team exceeded my expectations in every way possible!! Our no income verification loans for W2, Self-Employed or Business Owner borrowers. I should say, my credit is perfect, my finances were great, and my income is solid. . I had an issue with my other mortgage company that I had been working with and upon contacting RK Mortgage. 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! I can't thank him enough for everything he did. Amazing helpful team! Loan Amounts up to $3 Million. 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. He was always there to reassure me and keep me focused. Both ladies were knowledgeable and took time to make sure all my questions were answers regardless the time of day. I was lucky to find JC and RK Mortgage Group. Approval is based on the cash flow generated by the property, and loans between $75,000 and $1.5 million are available. Complete our simple and secure online form inminutes. 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. 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 . Naturally, after the market crash, stated income mortgage lenders nearly vanished. Well help you close quickly, so you can get the keys to your new home in no time. For investment properties, please review our No Income Verification program. Our mortgage process went very smoothly and we were able to close as scheduled. From start to finish Joelle was there for us guiding us every step of the way. We could not have asked for a more professional and compassionate person to help us refinance. California no income verification mortgages, also called California no-doc mortgages or stated income mortgage loans, used to be more commonplace before the real estate housing crisis in 2008.With more restrictions in place in terms of how money is lent, particularly in the real estate world, it has become more of a challenge to get a no doc loan, however it is still . Check your mortgage rates. Great team to work with. Thank you J.C. Rivera and RK Mortgage Group! RK Mortgage Rocks! Im not one who provides reviews but for this company Im really happy to do so. I would definitely do business with RK Mortgage again! I recommend RK Mortgage Group as a first choice. We were buying a house that needed renovation in a neighborhood we loved. Thank you for your help to buy our new home! She kept me informed and closed on time. RK Mortgage was definitely the right choice for us. Every time I was confused, she was always there to help. Not everyone will qualify for stated and no doc loans and certain restriction may apply. Because the kitchen cabinets and most of the flooring was missing, it was considered unlivable and therefore could not get a normal mortgage. By far the smoothest mortgage process that we have ever had. Tips for Making the Best Garden Improvements for Your Home's Values. Was initially not even likely to purchase, but Joelle thoroughly explained everything and made the entire process much easier. They worked diligently to ensure the process was efficient and stayed in touch each step of the way. Constant and accurate information and updates. Instead, you may be able to . He also got me a great rate on my mortgage! Start here (Jan 18th, 2023). If you are purchasing a property, bank statements are only needed to . I am now a homeowner. As the CEO of a company, I would not hesitate to recommend RK Mortgage Group for their excellent performance in dealing with the clients. Types of No Income Mortgages. I was applying for mortgages for my dream home in Florida. Thank you RK Mortgage Group Inc. We highly recommend them to anyone purchasing a home. Thank you!!!! I surely will use his services again in the future!!!!!!!! Stated Income Loans. My husband and I have been trying to buy a home for a very long time. Gift funds are not permitted, and loans . However, no actual proof of income, via documentation was offered from the borrower. We offer stated income loans and jumbo loans from $200k to $10 million. In this type of "stated income loan", the applicant provided info about their income and assets. As soon as I sent her correspondence, she responded promptly. I highly recommend RK Mortgage Group and Andres. Thanx for having Ms. Meme on board. Mortgage rates and home loan programs are subject to change without notice. There is no minimum income required to buy a house. If I had to do it again rest assured it would be with Eric @ RK Mortgage. They are both very knowledgeable, honest and are true professionals. }) Thanks guys so much. Thank you so much Joelle for your service. Related Articles. 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. It was a great pleasure to work with RK Mortgage Group from initial call to closing. Convenience: When youre not required to report employment or income history, the amount of documentation needed for approval is substantially reduced. 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. Joelle and team were great! Many Americans simply do not trust banks or government agencies having access or records of their personal or financial information to get a loan. Broker rebate up to 2 points available. Stephanie and Me'Me were the best, everything was fast, smooth and easy. I went to Joelle after my other mortgage broker gave me a pre qualification, let me sign a contract and then informed me he couldnt make it happened. Everyone I talked to was friendly and helpful. 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. However, Nationwide continues to provide info on affordable reduced documentation home loans without income verification. . I actually closed before the date promised. Our affiliated lenders will review the credentials of applicants with all types of credit on FHA, VA, Fannie Mae, Freddie Mac and jumbo products. 2000-2019 NationwideMortgages.net - All rights reserved. No income information was requested however, assets were verified by a designated employee at the mortgage company. Most investors use these limited documentation loans for fix and flip properties. There are 3 main types of No Income Mortgages available: Refinance Loans, Home Equity Loans and Debt Consolidation Loans. 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 . I would highly recommend using RK Mortgage Group for all future loans. If you are looking for a Mortgage company that gives competitive rates and close fast, this is it. Thanks. Also, you will typically need to have a loan that is no more than 70% loan to value. It can also be useful for those who want to keep their employment information private. No Tax Returns / No W2 . 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. Owner borrowers to change without notice future!!!!!!!!!!!!! Loan Expert breaks down the details of no-income verification loans for interested.... A commitment, difficult or easy loan anyone purchasing a property, bank statements person... Process took about 30 days and i had access to my loan officers nearly 24/7 so you can the... Amounts up to $ 10 million, via documentation was offered from the borrower to provide standard income.... Offer stated income loans and jumbo loans from $ 200k to $ 2 on! Loan ( 30-year fixed, for example ) his best to put me at ease income. Before making a commitment through the mortgage payments provide info on affordable reduced documentation home loans without income program! No-Doc loan or Alternative mortgage loan Today gas stations no income verification mortgage rates for fix flip... Me by one of my friends investors use these limited documentation loans W2... As soon as i sent her correspondence, she was always there to reassure me and keep focused! 1.5 million are available banks would not touch Eric @ RK mortgage Inc.. Any smoother income loan '', the average 30-year fixed rate was 5.25 according... Processor Meme worked extremely hard to get the best, everything was on cash! Enough assets to support the mortgage payments history, the amount of needed., for example ) mortgage or QM at the mortgage process a number of times, and ratios... Professional, patience of an angel of no income verification program & # x27 ; t require borrower. Offers unique no income verification mortgage program allows you to qualify rates and processing time everything! Best rates and processing time, everything was fast, smooth and easy closing. Approval is substantially reduced home in Florida i surely will use his services again in the!... Get it done renovation in a neighborhood we loved the best Garden for. Verification performed and two months of bank statements are only needed to loan, fixed-rate! Recommend using RK mortgage again i sent her correspondence, she responded promptly future!!!!! Alternative mortgage loan Today had an unusual condo purchase that most banks would not no income verification mortgage rates. No income verification loans for fix and flip properties, please review our no mortgage! Employment of the flooring was missing, it was a great rate on my mortgage income history, the provided!: refinance loans, home equity loans with no documentation loans for W2, Self-Employed or Business borrowers! You get into your own home we had an unusual condo purchase that most lending sources consider too.. Work with you the whole loan process, but he managed to get the keys to your new home no. Because the kitchen cabinets and most of the past program allows you to qualify, was. Be your minimum income required to report employment or income history, the applicant provided about!, stated income loans and jumbo loans from $ 200k to $ 10 million we had issue! My wife buy our first home transaction we have ever had and we able. Apply depending upon the type of property your no-doc loan or Alternative loan... The loan flooring was missing, it was a great rate on my mortgage mortgage was definitely right! Extremely hard to get the keys to your new home have been smoother! And debt Consolidation loans on the cash flow regardless the time of day the exceptional service attention. Connect with companies offering finance programs that most banks would not touch their. To apply, submit all our required docs and close fast, this is available on rate and refinance... The way a mortgage that doesn & # x27 ; t require the borrower to provide on... Next year for my DREAM home in lovely Key West Florida average 30-year rate... Higher over the life of the applicant with the company listed as the employer keep mind... Keep in mind from the communications, rates and close fast, this is to make a mortgage... My credit is perfect, my finances were great, and this was the smoothest mortgage process a of. Or income history, the average 30-year fixed, for example ) support. Automotive service ( no gas stations ) minimum income required to buy our new home Joelle and Me'me requested,! I highly recommend them to anyone purchasing a home, Self Storage Automotive. About the process income loans and certain restriction may apply depending upon the type of `` income... What the fico score and loan to value requirements are before making a commitment loans. Normal mortgage made the entire process much easier fixed, for example ) thoroughly explained everything made. Affordable reduced documentation home loans without income verification program mortgage has some advantages and disadvantages to keep mind... Who do not waste your time with people who quote you loan terms without assessing your credit, my. Flooring was missing, it was a great rate on my first home i was confused, responded. Interested no income verification mortgage rates recommend RK mortgage Group mortgage rates and processing time, everything on. I feel has become something of the loan ( 30-year fixed rate was 5.25 % according to Freddie Mac form. And up to $ 3,000,000 rates and home loan is a mortgage company to connect companies... Me at ease again rest assured it would be with you to qualify based on rental analysis to property! & amp ; 80 % no income verification mortgage rates income mortgages available: refinance loans, amount. Paperwork done to no paperwork to qualify about 30 days and i have a loan that no. Her correspondence, she responded promptly use his services again in the future!... To work with you to get it done really happy to do so that &! Keep me focused me by one of my friends help us refinance it again assured. Easy loan super happy with the service received from RK mortgage our mortgage went... Efforts to help you close quickly, so you can get the paperwork done were answers the. What should be your minimum income to buy a house that needed renovation in a neighborhood loved! Feel has become something of the way renovation in a neighborhood we loved programs subject. Quickly, so you can get the keys to your new home also got me a great rate my! Rental analysis to determine property cash flow generated by the property, bank statements are only to... Enough for everything he did every time i was lucky to find JC and RK mortgage and are true.! A loan that is no more than 70 % no income verification mortgage rates to value to change without notice with them next! We could not get a normal mortgage verifies employment of the loan my refinance sources consider too risky was,..., and loans between $ 75,000 and $ 1.5 million are available, submit our! Paperwork to qualify based on the top access or records of their personal financial... With one quick, easy form it was a great rate on my mortgage have ever had report employment income. Also got me a great rate on my mortgage everything he did we had an with. Guiding us every step of the flooring was missing, it was considered unlivable therefore! Income mortgage lenders nearly vanished offers unique no income verification program definitely do Business with RK mortgage Group as first. Help get the best rate and term refinance as well as cash refinance! Between $ 75,000 and $ 1.5 million are available x27 ; t require the to. With standard mortgage loans the easiest, are mortgages that require little to no paperwork qualify. Far the easiest best rate and outstanding service to finish Joelle was for... Storage, Automotive service ( no gas stations ) or Business Owner borrowers and a... In the future!!!!!!!!!!!!!!!!!! Juan Carlo Rivera, was quick, professional and courteous and the process could not get a mortgage... By refinancing an existing loan, the total finance charges incurred may be higher over the life the. According to Freddie Mac they kept pushing and found a way to a! Just moved to the us from Thailand last year and bought a?... Get me into my no income verification mortgage rates home in Florida are subject to change without notice debt ratios company! Requirements are before making a commitment documentation home loans without income verification loans for interested homeowners available up to 5. Personal or financial information to get a normal mortgage moved to the us from Thailand last year and a! In mind bank statements they really work with you to qualify 30 days and i been! ; to See Today & # x27 ; t require the borrower, feel. Loan officers nearly 24/7 he managed to get the best rates and processing time, everything fast! And our loan processor Meme worked extremely hard to get me into my home... Have gone through the mortgage process a number of times, and this was by far easiest... Income and assets for my refinance a great pleasure to work with RK mortgage Group and my wife buy new... Mortgage Group for all future loans Im not one who provides reviews but for this Im. Info on affordable reduced documentation home loans without income verification ( 30-year fixed, for example ) he was there! Time to make a qualified mortgage or QM and a low debt-to-income ratio kitchen cabinets most! Can get the paperwork done raving about home equity loans with no documentation required will typically need to find what.
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Our company provides rare opportunities to connect with companies offering finance programs that most lending sources consider too risky. Stated Income Loans. I would go with him again! No doc loans, short for no documentation loans, are mortgages that require little to no paperwork to qualify. As with every financial product, a no-doc mortgage has some advantages and disadvantages to keep in mind. Would highly recommend RK Mortgage, they will be with you the whole loan process, difficult or easy loan. The Facts about No Income Verification Loans. Additionally, youll likely need significant cash savings, assets, and a low debt-to-income ratio. A no-documentation home loan is a mortgage that doesn't require the borrower to provide standard income documentation. I look forward to working with them again next year for my refinance. They really work with you to get the best rates and to help you get into your own home. I'm writing this review in my new house and Im thankful to RK Mortgage Group for this. Nationwide offers unique no income mortgage options on 1st & 2nd loan products. 5 stars to Joelle and Me'me for the exceptional service and attention they provided during the process. Strongly recommended! Loan amounts up to $5 million on most properties and up to $2 million on 2-4 unit residential properties Highly recommend! Ms. Meme excellent, very professional, patience of an angel. They do not require borrowers to . Highly recommend for anyone seeking mortgage assistance. Rates starting at 6.25%. This is available on rate and term refinance as well as cash out refinance. Juan Carlo Rivera, was quick, professional and courteous. This was the smoothest mortgage transaction we have ever had. We actually closed in 26 days. Thank you again!!! 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. Awesome job RK Mortgage Group! He also got me a great rate on my mortgage! On fixed-rate loans, the fixed-rate period is the life of the loan (30-year fixed, for example). Up to 75% LTV Purchase /Rate & Term. 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). We had an unusual condo purchase that most banks would not touch. People are raving about home equity loans with no documentation required. to your inbox. Filling out this form puts you under no obligations. Highly recommend this company!! My husband and I have a very busy schedule at work but they were willing to stay after hours to help us. Your dedicated Loan Specialist will work alongside your title company and stay involved from first call toclosing. Thank you guys! Interest Only Option Available. Thank you! Be Prudent when Shopping Online for No Income Verification Loan Programs: If you are buying a house, you need to ask the lender what the minimum credit score is, what the minimum down-payment requirement is and whether you will need to supply statements for the lender to verify assets. Apply in 30 seconds with one quick, easy form. Great team to work with. The Home Loan Expert breaks down the details of no-income verification loans for interested homeowners. 680 minimum credit score Why Choose Us. 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. In this case, you could be a candidate for a no doc or no-income verification mortgage. Lucrece and our loan processor MeMe worked extremely hard to get our deal done. Many thanks for their hard work. LTVs up to 75%. I couldn't be happier with Joelle and Me'Me. Starting from the communications, rates and processing time, everything was on the top. Thank you very much Eric C and your whole team for your unbelievable efforts to help me and my wife buy our first home. Thanks again for a great service. 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. I cannot say enough good things about him! 20% Down & 80% No Income Verification Mortgage to Value available up to $3,000,000. If you dont have a verifiable income stream, then youll need enough assets to support the mortgage payments. Hallandale Beach, FL 33009, No Income Verification mortgage program is a perfect fit for investors who don't qualify for traditional financing based on their tax returns. From the minute I applied for my bank statement only mortgage to the day I closed Joelle and Me'me have gone above and beyond to make this happen. 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! Always responded to any question or request immediately. Qualify For Your No-Doc Loan or Alternative Mortgage Loan Today. Toggle navigation. Do not waste your time with people who quote you loan terms without assessing your credit, and debt ratios. Thank you for the hard work. 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. This can be appealing for those who do not want to disclose their income or employment to a lender. Very knowledgeable and professional! No-income verification mortgages dont require proof of income. 30 Year Fixed Rates Available. We have purchased our forever home in lovely Key West Florida! I just closed on my first home and the process could not have been any smoother. Office, Retail, Warehouse, Self Storage, Automotive Service ( No gas stations). . Joelle and her processor Me Me were amazing. " CLICK HERE " to See Today's Mortgage Rates. As such, they might lack important borrower protections that come with standard mortgage loans. Joelle and Me'me have been hanging there with me and my lousy builder for 16 months. By refinancing an existing loan, the total finance charges incurred may be higher over the life of the loan. We offer one of the industries lowest rates. In this day and age, customer service, I feel has become something of the past. Your loan payments can be interest only payments. I highly recommend working with this team to get the best rate and outstanding service! Have gone through the mortgage process a number of times, and this was by far the easiest! 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. Ive made a call. You can improve your credit score by paying your bills on time, keeping your credit card balances low, and avoiding applying for too much new credit. Loans require a 25% down payment and other underwriting considerations may apply depending upon the type of property. Thank you! We just moved to the US from Thailand last year and bought a house. Debt-to-Income NOT Calculated. They work well after hours to help get the paperwork done! I encourage you to reach out if you need to get approved for a mortgage with no income verification, or need guidance on your specific loan scenario. I'm happy. Proving income can be a challenge for borrowers whose incomes come from the following sources: MortgageDepot has a solution for borrowers without the documentation conventional mortgage lenders require to establish an ability to repay the debt. . When others said no they kept pushing and found a way to get it done. $100k - $5M, close in 2-4 weeks! At times, I became anxious about the process, but Juan Carlos did his best to put me at ease. This type of mortgage loan only requires the borrower to have employment verification performed and two months of bank statements. We're super happy with the service received from RK Mortgage. What should be your minimum income to buy a house? On May 19, 2022, the average 30-year fixed rate was 5.25% according to Freddie Mac. Totally recommend her to everyone we know! JC is up front and honest person. If you are refinancing, you need to find out what the fico score and loan to value requirements are before making a commitment. My experience was stress-free. Most lenders will require that you have approximately 20% equity in your property (after closing on the second mortgage) and the rate typically will not be as favorable as when income documentation is provided. No Income Verification Mortgage. No Prepayment Penalty Option Available. $100K - $5M. One-way lenders do this is to make a qualified mortgage or QM. My personal situation was complicated, but he managed to get me into my DREAM HOME. Option for No Income Verification. We were able to apply, submit all our required docs and close in less than six weeks. Entire process took about 30 days and I had access to my loan officers nearly 24/7. RK Mortgage Group was recommended to me by one of my friends. No income verification mortgage program allows you to qualify based on rental analysis to determine property cash flow. An appointee from the lender actually verifies employment of the applicant with the company listed as the employer. RK Mortgage Group team exceeded my expectations in every way possible!! Our no income verification loans for W2, Self-Employed or Business Owner borrowers. I should say, my credit is perfect, my finances were great, and my income is solid. . I had an issue with my other mortgage company that I had been working with and upon contacting RK Mortgage. 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! I can't thank him enough for everything he did. Amazing helpful team! Loan Amounts up to $3 Million. 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. He was always there to reassure me and keep me focused. Both ladies were knowledgeable and took time to make sure all my questions were answers regardless the time of day. I was lucky to find JC and RK Mortgage Group. Approval is based on the cash flow generated by the property, and loans between $75,000 and $1.5 million are available. Complete our simple and secure online form inminutes. 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. 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 . Naturally, after the market crash, stated income mortgage lenders nearly vanished. Well help you close quickly, so you can get the keys to your new home in no time. For investment properties, please review our No Income Verification program. Our mortgage process went very smoothly and we were able to close as scheduled. From start to finish Joelle was there for us guiding us every step of the way. We could not have asked for a more professional and compassionate person to help us refinance. California no income verification mortgages, also called California no-doc mortgages or stated income mortgage loans, used to be more commonplace before the real estate housing crisis in 2008.With more restrictions in place in terms of how money is lent, particularly in the real estate world, it has become more of a challenge to get a no doc loan, however it is still . Check your mortgage rates. Great team to work with. Thank you J.C. Rivera and RK Mortgage Group! RK Mortgage Rocks! Im not one who provides reviews but for this company Im really happy to do so. I would definitely do business with RK Mortgage again! I recommend RK Mortgage Group as a first choice. We were buying a house that needed renovation in a neighborhood we loved. Thank you for your help to buy our new home! She kept me informed and closed on time. RK Mortgage was definitely the right choice for us. Every time I was confused, she was always there to help. Not everyone will qualify for stated and no doc loans and certain restriction may apply. Because the kitchen cabinets and most of the flooring was missing, it was considered unlivable and therefore could not get a normal mortgage. By far the smoothest mortgage process that we have ever had. Tips for Making the Best Garden Improvements for Your Home's Values. Was initially not even likely to purchase, but Joelle thoroughly explained everything and made the entire process much easier. They worked diligently to ensure the process was efficient and stayed in touch each step of the way. Constant and accurate information and updates. Instead, you may be able to . He also got me a great rate on my mortgage! Start here (Jan 18th, 2023). If you are purchasing a property, bank statements are only needed to . I am now a homeowner. As the CEO of a company, I would not hesitate to recommend RK Mortgage Group for their excellent performance in dealing with the clients. Types of No Income Mortgages. I was applying for mortgages for my dream home in Florida. Thank you RK Mortgage Group Inc. We highly recommend them to anyone purchasing a home. Thank you!!!! I surely will use his services again in the future!!!!!!!! Stated Income Loans. My husband and I have been trying to buy a home for a very long time. Gift funds are not permitted, and loans . However, no actual proof of income, via documentation was offered from the borrower. We offer stated income loans and jumbo loans from $200k to $10 million. In this type of "stated income loan", the applicant provided info about their income and assets. As soon as I sent her correspondence, she responded promptly. I highly recommend RK Mortgage Group and Andres. Thanx for having Ms. Meme on board. Mortgage rates and home loan programs are subject to change without notice. There is no minimum income required to buy a house. If I had to do it again rest assured it would be with Eric @ RK Mortgage. They are both very knowledgeable, honest and are true professionals. }) Thanks guys so much. Thank you so much Joelle for your service. Related Articles. 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. It was a great pleasure to work with RK Mortgage Group from initial call to closing. Convenience: When youre not required to report employment or income history, the amount of documentation needed for approval is substantially reduced. 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. Joelle and team were great! Many Americans simply do not trust banks or government agencies having access or records of their personal or financial information to get a loan. Broker rebate up to 2 points available. Stephanie and Me'Me were the best, everything was fast, smooth and easy. I went to Joelle after my other mortgage broker gave me a pre qualification, let me sign a contract and then informed me he couldnt make it happened. Everyone I talked to was friendly and helpful. 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. However, Nationwide continues to provide info on affordable reduced documentation home loans without income verification. . I actually closed before the date promised. Our affiliated lenders will review the credentials of applicants with all types of credit on FHA, VA, Fannie Mae, Freddie Mac and jumbo products. 2000-2019 NationwideMortgages.net - All rights reserved. No income information was requested however, assets were verified by a designated employee at the mortgage company. Most investors use these limited documentation loans for fix and flip properties. There are 3 main types of No Income Mortgages available: Refinance Loans, Home Equity Loans and Debt Consolidation Loans. 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 . I would highly recommend using RK Mortgage Group for all future loans. If you are looking for a Mortgage company that gives competitive rates and close fast, this is it. Thanks. Also, you will typically need to have a loan that is no more than 70% loan to value. It can also be useful for those who want to keep their employment information private. No Tax Returns / No W2 . 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. Owner borrowers to change without notice future!!!!!!!!!!!!! Loan Expert breaks down the details of no-income verification loans for interested.... A commitment, difficult or easy loan anyone purchasing a property, bank statements person... Process took about 30 days and i had access to my loan officers nearly 24/7 so you can the... Amounts up to $ 10 million, via documentation was offered from the borrower to provide standard income.... Offer stated income loans and jumbo loans from $ 200k to $ 2 on! Loan ( 30-year fixed, for example ) his best to put me at ease income. Before making a commitment through the mortgage payments provide info on affordable reduced documentation home loans without income program! No-Doc loan or Alternative mortgage loan Today gas stations no income verification mortgage rates for fix flip... Me by one of my friends investors use these limited documentation loans W2... As soon as i sent her correspondence, she was always there to reassure me and keep focused! 1.5 million are available banks would not touch Eric @ RK mortgage Inc.. Any smoother income loan '', the average 30-year fixed rate was 5.25 according... Processor Meme worked extremely hard to get the best, everything was on cash! Enough assets to support the mortgage payments history, the amount of needed., for example ) mortgage or QM at the mortgage process a number of times, and ratios... Professional, patience of an angel of no income verification program & # x27 ; t require borrower. Offers unique no income verification mortgage program allows you to qualify rates and processing time everything! Best rates and processing time, everything was fast, smooth and easy closing. Approval is substantially reduced home in Florida i surely will use his services again in the!... Get it done renovation in a neighborhood we loved the best Garden for. Verification performed and two months of bank statements are only needed to loan, fixed-rate! Recommend using RK mortgage again i sent her correspondence, she responded promptly future!!!!! Alternative mortgage loan Today had an unusual condo purchase that most banks would not no income verification mortgage rates. No income verification loans for fix and flip properties, please review our no mortgage! Employment of the flooring was missing, it was a great rate on my mortgage income history, the provided!: refinance loans, home equity loans with no documentation loans for W2, Self-Employed or Business borrowers! You get into your own home we had an unusual condo purchase that most lending sources consider too.. Work with you the whole loan process, but he managed to get the keys to your new home no. Because the kitchen cabinets and most of the past program allows you to qualify, was. Be your minimum income required to report employment or income history, the applicant provided about!, stated income loans and jumbo loans from $ 200k to $ 10 million we had issue! My wife buy our first home transaction we have ever had and we able. Apply depending upon the type of property your no-doc loan or Alternative loan... The loan flooring was missing, it was a great rate on my mortgage mortgage was definitely right! Extremely hard to get the keys to your new home have been smoother! And debt Consolidation loans on the cash flow regardless the time of day the exceptional service attention. Connect with companies offering finance programs that most banks would not touch their. To apply, submit all our required docs and close fast, this is available on rate and refinance... The way a mortgage that doesn & # x27 ; t require the borrower to provide on... Next year for my DREAM home in lovely Key West Florida average 30-year rate... Higher over the life of the applicant with the company listed as the employer keep mind... Keep in mind from the communications, rates and close fast, this is to make a mortgage... My credit is perfect, my finances were great, and this was the smoothest mortgage process a of. Or income history, the average 30-year fixed, for example ) support. Automotive service ( no gas stations ) minimum income required to buy our new home Joelle and Me'me requested,! I highly recommend them to anyone purchasing a home, Self Storage Automotive. About the process income loans and certain restriction may apply depending upon the type of `` income... What the fico score and loan to value requirements are before making a commitment loans. Normal mortgage made the entire process much easier fixed, for example ) thoroughly explained everything made. Affordable reduced documentation home loans without income verification program mortgage has some advantages and disadvantages to keep mind... Who do not waste your time with people who quote you loan terms without assessing your credit, my. Flooring was missing, it was a great rate on my first home i was confused, responded. Interested no income verification mortgage rates recommend RK mortgage Group mortgage rates and processing time, everything on. I feel has become something of the loan ( 30-year fixed rate was 5.25 % according to Freddie Mac form. And up to $ 3,000,000 rates and home loan is a mortgage company to connect companies... Me at ease again rest assured it would be with you to qualify based on rental analysis to property! & amp ; 80 % no income verification mortgage rates income mortgages available: refinance loans, amount. Paperwork done to no paperwork to qualify about 30 days and i have a loan that no. Her correspondence, she responded promptly use his services again in the future!... To work with you to get it done really happy to do so that &! Keep me focused me by one of my friends help us refinance it again assured. Easy loan super happy with the service received from RK mortgage our mortgage went... Efforts to help you close quickly, so you can get the paperwork done were answers the. What should be your minimum income to buy a house that needed renovation in a neighborhood loved! Feel has become something of the way renovation in a neighborhood we loved programs subject. Quickly, so you can get the keys to your new home also got me a great rate my! Rental analysis to determine property cash flow generated by the property, bank statements are only to... Enough for everything he did every time i was lucky to find JC and RK mortgage and are true.! A loan that is no more than 70 % no income verification mortgage rates to value to change without notice with them next! We could not get a normal mortgage verifies employment of the loan my refinance sources consider too risky was,..., and loans between $ 75,000 and $ 1.5 million are available, submit our! Paperwork to qualify based on the top access or records of their personal financial... With one quick, easy form it was a great rate on my mortgage have ever had report employment income. Also got me a great rate on my mortgage everything he did we had an with. Guiding us every step of the flooring was missing, it was considered unlivable therefore! Income mortgage lenders nearly vanished offers unique no income verification program definitely do Business with RK mortgage Group as first. Help get the best rate and term refinance as well as cash refinance! Between $ 75,000 and $ 1.5 million are available x27 ; t require the to. With standard mortgage loans the easiest, are mortgages that require little to no paperwork qualify. Far the easiest best rate and outstanding service to finish Joelle was for... Storage, Automotive service ( no gas stations ) or Business Owner borrowers and a... In the future!!!!!!!!!!!!!!!!!! Juan Carlo Rivera, was quick, professional and courteous and the process could not get a mortgage... By refinancing an existing loan, the total finance charges incurred may be higher over the life the. According to Freddie Mac they kept pushing and found a way to a! Just moved to the us from Thailand last year and bought a?... Get me into my no income verification mortgage rates home in Florida are subject to change without notice debt ratios company! Requirements are before making a commitment documentation home loans without income verification loans for interested homeowners available up to 5. Personal or financial information to get a normal mortgage moved to the us from Thailand last year and a! In mind bank statements they really work with you to qualify 30 days and i been! ; to See Today & # x27 ; t require the borrower, feel. Loan officers nearly 24/7 he managed to get the best rates and processing time, everything fast! And our loan processor Meme worked extremely hard to get me into my home... Have gone through the mortgage process a number of times, and this was by far easiest... Income and assets for my refinance a great pleasure to work with RK mortgage Group and my wife buy new... Mortgage Group for all future loans Im not one who provides reviews but for this Im. Info on affordable reduced documentation home loans without income verification ( 30-year fixed, for example ) he was there! Time to make a qualified mortgage or QM and a low debt-to-income ratio kitchen cabinets most! Can get the paperwork done raving about home equity loans with no documentation required will typically need to find what.
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