Ive looked everywhere and still cant seem to find an answer on this....Does such a thing as a no doc zero down mortgage loan exist? I know that both do exist seperately but can they be combined?![]()

Ive looked everywhere and still cant seem to find an answer on this....Does such a thing as a no doc zero down mortgage loan exist? I know that both do exist seperately but can they be combined?![]()

Nevermind...broker buddy finaly got back to me.It does exist but the rates are incredibley high and employement does need to be stated and will be verified. Back to the drawing board![]()
He is mis-informed. There is no such thing a NO DOC no money down loan. Stated income, yes, but not no doc. The difference is that witha NO DOC, you do not put any job or income info on the application, no job verification needed, although you still have to verify assets. A stated income loan means you "make up" a figure for income, and the bank does not verify it, but you must verify assets and your job.
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