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Loan Programs
Fixed Rate Mortgages
Adjustable Rate Mortgages
Balloon Mortgages
First Time Buyer Programs
No Income No Asset
Stated Income Programs
No point, No fee Programs
Sub Prime Credit Programs
Home Equity Line of Credit
Teachers Program
100% Loan Programs
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No Income No Asset
Best suits the borrower that is unable to document employment information
on the application.
Advantages
- No income disclosed or verified on application
- No Assets disclosed or verified on application
- Minimum 5% down
- No documentation required
Disadvantages
- Higher interest rate due to higher risk factor
- Mortgage insurance required if above 80% loan vs. value
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