The sub-prime mortgage crisis has had fall-out in the regular mortgage markets. Underwriting is changing. Products are changing. Down payment requirements are changing. Freddie Mac and Fannie Mae have eliminated "no doc" products.
Gone are "No Ratio Loans"
Gone are "No Income Verifier Loans"
Gone are "Stated Income Loans"
Gone are "No Doc Loans"
Oh, you may still be able to get some of these products on the higher interest rate portfolio loans or sub-prime market. But expect to pay much higher interest rates, have a larger down payment, and have a higher credit score than before.
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