A variety of No-Doc, Low-Doc, Stated Income or No Income Verification loans are available. Typically, these types of loans represent alternative financing programs requiring little to no documentation. Generally, these types of programs are a wise choice for the self-employed or people on a commissioned salary, those who obtain revenue from sources they do not wish to divulge, or those that receive all or a portion of their income in cash.

The benefits of a these types of mortgages include a shorter application process since most programs do not require you to provide income, employment or asset documentation, as well as a streamlined approval process because there is little subsequent verification. However, requirements vary by program and are largely dependent on the strength of your credit.

A variety of financing programs are available with terms and options tailored to suit your needs, including:

• No income stated or verified
• No assets stated or verified
• No IRS 4506 form required in most cases
• Competitive Rates
• Up to 90-95% LTV

If you have a specific need that cannot be met by the traditional mortgage loan approval process, then you may want to consider a no doc loan. Contact a DKMC Mortgage Planner for complete details.