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mortgage w/no proof of income?

Discussion in 'Credit Talk' started by mila6062, Mar 30, 2005.

  1. Mar 30, 2005 #1
    mila6062

    mila6062 Member

    Is it possible to get a decent rate home mortgage with no proof of income?
     
  3. Mar 30, 2005 #2
    pd11604

    pd11604 Well-Known Member

    probably...if you have a large enough down payment
     
  4. Mar 30, 2005 #3
    mila6062

    mila6062 Member

    On a $100,000 home, how much do you think I would have to pay down to qualify?
     
  5. Mar 30, 2005 #4
    PAmtgman

    PAmtgman New Member

    What is causing the need for no proof of income? Do you not have enough income to qualify, or is there some other reason that you can't prove the income?
     
  6. Mar 31, 2005 #5
    pd11604

    pd11604 Well-Known Member

    sorry, i'm not a mortgage expert...why don't you ask the same question to a local broker?
     
  7. Apr 2, 2005 #6
    global1

    global1 Member

    What state are you in?
     
  8. Apr 2, 2005 #7
    mila6062

    mila6062 Member

    I am located in Alabama.
     
  9. Apr 3, 2005 #8
    DonJuan

    DonJuan New Member

    There are NO Doc loans available that you may qualify for. Depending on the loan that you seek, you'll need 15-25% down. These loans are FICO driven and most of the programs you will need a 680 or above to qualify for a sttractive rate.
     

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