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No Doc / Stated Income Mortgage Loans |
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Lowest rates from over 50 lenders displayed:
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| Loan Name |
Rate |
Pts |
APR* |
As of |
| Stated Equity HELOC |
8.25% |
2.75 |
8.51% |
2007-09-19 |
| Stated Fixed Year 10 |
5.5% |
2.75 |
5.75% |
2007-09-19 |
| Stated Fixed Year 15 |
5.25% |
2.75 |
5.51% |
2007-09-19 |
| Stated Fixed Year 20 |
5.37% |
2.75 |
5.62% |
2007-09-19 |
| Stated Fixed Year 30 |
5.625% |
2.75 |
5.89% |
2007-09-19 |
| Jumbo Equity HELOC |
7.5% |
1.5 |
7.75% |
2007-09-19 |
| Jumbo Fixed Year 15 |
6.5% |
2.0 |
6.76% |
2007-09-19 |
| Jumbo Fixed Year 20 |
5.87% |
2.0 |
6.12% |
2007-09-19 |
**Click Here For Our Stated Income/No Doc Loan Rates
No Doc Loans / Stated Income
- 97% LTV to $350,000 on purchase & r/t refinance
- 95% LTV to $450,000 on purchase r/t refinance & cash-out
- 90% LTV to $650,000 on purchase, r/t & cash-out refinance (cash-out limited to 80% LTV on Texas primary residences)
- 95% LTV to $400,000 on purchase & r/t refinance
- 80% LTV to $500,000 on purchase & r/t refinance
- Salaried, retired or self-employed borrowers with 2 year employment/retirement history are eligible
No Doc Refinance Loans / Stated Income Mortgage Loans are the most commonly used and least expensive product in the reduced or no documentation suite of programs. Stated income / no doc loans are often the perfect choice if you have verifiable employment (self employment is fine) and assets but your verifiable income is just a little low for what you want to do. Stated income / no doc loans are available for Single Family, Townhouse, some manufactured housing, and low rise condos. Some programs allow high rise condos 2-4 unit buildings, second homes, or investment properties but are slightly more expensive or require more equity. Allowable uses are for purchase or rate and term refinance. The no doc loans will allow a "cash out" refinance but there are limitations on the allowable cash back. 125 Home Equity Loan
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