| Select the
documentation type for the subject loan:
|
|
| Full Doc - | Complete employment, income and
asset verification
|
| Limited Doc - | Copies of bank statements for
the most recent 12 months will be accepted for verification of income and
employment.
|
| Verify Job - No Income - | The borrower's job (W2 - salary position) is verified. Income is NOT disclosed or verified; up to 80% financing. See VOE loans
|
| Stated Income - | Income is stated, not verified;
Assets fully verified. verification of employment required. Must have 40% equity (sometimes more) for refinance or 40% down on purchases.
|
| No Ratio - | Income neither stated nor
verified; Assets fully verified. verification of employment required
|
| No Income/No Asset - | Income & Assets neither
stated nor verified; verification of employment required. Not Available
|
| No Doc - | Employment, income and assets neither stated nor verified. Not Available. Try a Hard Money loan |