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