95% no documentation

Only 5% down payment - No Documentation loans were previously only available to 80% of the home's value. Recently, Lenders have created the 95% No Doc loan. This now makes it easier than ever for the self employed borrower to obtain a mortgage loan by only placing 5% down on the property.

No documentation whatsoever! Upon first glance, the No Doc loan may be a bit confusing. Don't let the simplicity of it mislead you. There is actually no documentation required! Of course, all loans still require a credit report, appraisal, etc. However, with a No Doc loan, you are not required to provide any income, asset or employment information of any kind.

No income verification This is the facet that makes the No Doc unbelievably popular with the self employed borrower. In most cases, a self employed individual may write off a great deal of their income through expenses, which makes qualifying for a mortgage loan exceedingly difficult. With a No Doc loan, income isn't even stated on the application, and no tax returns or paystubs will be required to close.

No asset verification Another issue facing the self employed borrower is inability to verify assets for closing. At MoneyPros, we understand this. It is for this reason that we offer the No Doc and do not required any verification of cash to close. In other words, the money can come from just about anywhere.

No employment verification!! Last but not least, the most advanced of all the features for this loan. No Employment verification!! For years, even if you received a stated income loan, you still had to prove employment with taxes or licenses, etc. Now with the new No Doc 95%, we don't even ask if you have a job!! Pretty amazing, eh?