– A No Doc loan or Low Document loan provides increased ease and privacy when getting a mortgage. In the past, anyone could apply for a no doc loan but now loans like this are for self employed borrowers.
No Documentation Mortgage Loans | The Truth About Mortgage – While no-doc loans were readily available, the pricing adjustments were often enormous, and the loan-to-value (LTV) and combined-loan-to-value (CLTV) restrictions typically limited the amount of financing a borrower could obtain.
No Doc Mortgage: What's Available Now | Mortgage Rates. – Alt Doc Loans. His bank offers these loans, which are called "alt doc" or "lite doc" mortgages. "If you have 35 to 40 percent to put for the down payment, and you have perfect credit, instead of collecting your tax return we check credentials from your CPA," he says.
No Documentation Private Mortgage Loans – Interest rate – Types of No Verification Loans. A No-Doc/No Income-No Asset Verification Mortgage, otherwise referred to as a NINA, is completely private. In fact, all you really need is the address of the home you wish to purchase and your social security number. In order to qualify.