If you can't document your income, the no doc loan may be your best option

A no-doc loan is a loan obtained without the normal documentation or proof of income required for home loans.

No doc loans are best suited for the self-employed, those who own more that one property, or have very good credit but are unable to fully document all their income. All Cities Mortgage, can arrange home loans where pay stubs and tax returns are not needed.

With no income documentation, we can arrange loans to purchase a home or to complete a refinancing of existing home loans. Strong credit scores are a MUST for the No doc loan.

Requirements for no-doc loans

To get a no income documentation loan you do need to be working or self-employed. Pay stubs, W-2's, 1099's or tax returns are not required.

Credit is a factor with no income documentation home loans. The stronger the credit score, the less income documentation is needed. And, as with all home loans, the stronger your credit score, the lower your interest rate will be. If you are self employed and your bank statements are indicative of your monthly income, then we will use your bank statements.

Need a no doc loan? Call us today for a free no-obligation loan consultation.