Looking for a No Doc Lender or a no doc mortgage loan in NJ New Jersey? There are plenty of lenders in new Jersey NJ to choose from. However, not all of them have a wide array of programs to meet your needs.
When searching for loan programs in New Jersey NJ, it is important to understand how long you plan to be in your home, your ability to document your income, and the payment you can afford and qualify for.
Make sure the no doc lenders in New Jersey NJ you are working with have access to all of the no doc loan options in New Jersey including no doc mortgage home loans if you happen to be self employed. Stated Income Loans In New Jersey are also available and that is a huge advantage if you cannot document your income and have at least 30% to put down on a purchase. It is difficult to find these programs in many states but they are available in New Jersey and the rates are great too.
One thing important to note is a true no doc loan is when you do not put ANY employment, income or asset. Those programs no longer exist because lenders require that you do have a source of income. You CAN get a stated income loan or no income verification loan. More than likely this is what you need.
Here is a list of some of the mortgage loan programs available in New Jersey NJ
- Fixed Rate Loans
- Adjustable Rate Loans
- Balloon Mortgage Loans
- Jumbo Mortgage Loans
- High Balance Mortgage Loans
- FHA Mortgage Loans
- VA Mortgage Loans
- Stated Income Mortgage Loans
- No Income Mortgage Loans
- Interest Only Mortgage Loans
- USDA Mortgage Loans
- Reverse Mortgage Loans
- Home Equity Products
...and much more !
Before you sit with a loan officer, be sure to be prepared with the required loan documents that he/she will need to help you with your loan. You can view a list of those mortgage documents HERE
You can also see what kind of payment you are comfortable with by going through some scenarios yourself. You can download a free mortgage calculator HERE
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