Bluestar Mortgage, located in Orlando, FL, offers a range of flexible no doc mortgage loans designed for self-employed individuals, real estate investors, and those with unique financial situations. If you’re looking for no doc mortgage financing that doesn’t require extensive income documentation, call us at 321-400-5545 to speak with a no doc mortgage loan expert
No doc mortgage loans are a unique type of home financing that do not require traditional income verification, such as tax returns, W-2s, or pay stubs. Instead, lenders rely on alternative forms of financial proof like bank statements, asset verification, or rental income history. These loans are ideal for borrowers with unconventional income sources or those who value privacy. However, they often come with higher interest rates due to increased risk for the lender.
No doc mortgage loans provide flexible financing for borrowers who may not qualify for traditional mortgage products. They are especially beneficial for:
1. Stated Income, Stated Assets (SISA):
These loans allow borrowers to declare their income and assets without traditional documentation. Popular among real estate investors and self-employed borrowers, SISA loans offer faster approvals with fewer financial checks.
Best for: Investors and high-net-worth individuals seeking streamlined approvals.
2. Stated Income, Verified Assets (SIVA):
Similar to SISA, but with asset verification using 6 to 24 months of bank statements. This can improve loan terms and interest rates for borrowers with substantial assets.
Best for: Freelancers and small business owners with high net worth but unpredictable earnings.
3. No Income Verification, Verified Assets (NIVA):
No income declaration required, but asset verification is necessary. Suitable for retirees and those with significant investment income.
Best for: Retirees and individuals living off pensions or investment income.
4. No Income Verification, No Asset Verification (NINA):
No disclosure of income or assets. Approval is based on credit history and property value, making it ideal for borrowers who prioritize privacy.
Best for: Investors or high-net-worth individuals who value financial privacy.
Interested in exploring no doc mortgage loans? Call Bluestar Mortgage at 321-400-5545 to speak with a no doc mortgage financing expert. We’ll help you find the right loan solution without the hassle of extensive paperwork.
We guarantee that we will be able to close on or before your set closing date or we will waive all of our lender fees.