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 Typically, if you are self-employed, your tax return shows a number of deductions which may not give an accurate picture of your ability to service a mortgage. If this is the case, then a No Income Verification loan may be for you. An income is normally stated, but verification of this number does not form part of the mortgage approval process. You need to have good credit and, ideally, be putting 20% as a down payment. However, talk to one of our qualified mortgage consultants first because many people who believe they need a No Income Verification loan find that they can qualify for a conventional mortgage and, thereby, obtain a better rate. There are many tax return deductions which can be added back to income for mortgage qualification purposes. No Income Verification loans can either be conforming or jumbo loans. Give us a call and we would be pleased to discuss your situation with you.
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| 3/1 ARM |
5.375% |
| 5/1 ARM |
5.5% |
| 15 Year Fixed |
5.5% |
| 30 Year Fixed |
6.375% |
| 3/1 ARM |
5.375% |
| 5/1 ARM |
5.5% |
| 15 Year Fixed |
5.75% |
| 30 Year Fixed |
6.875% |
 | 7/01/08 6:13pm |
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