Limited Doc & No Income Verification Home Loans

posted Oct 6, 2011, 3:56 PM by Massey Kouhssari [ updated Oct 6, 2011, 4:17 PM ]

BankerBroker.com offers you a wide array of fixed-rate mortgage loans with competitive rates, low down payments, and low points/ lender fees options. Whether you're a first-time buyer with or without a traditional credit history, or are looking to refinance your present mortgage, our experienced Mortgage Specialists will help you find the right loan to fit your needs.

Reward your excellent credit with minimal to no documentation loans for a hassle free process.
Ideal for self employed borrowers or those with income difficult to document.

To help you determine which loan is best for you, the following chart outlines the major features and benefits of each of our mortgage loan plans.

MORTGAGE TYPE

WHO SHOULD CHOOSE THIS?

FEATURES AND BENEFITS

Conventional Fixed-Rate Mortgage¹

If you want the security of a fixed interest rate, don't want to think about interest rate fluctuations and prefer to keep your home for a long time.

	Fixed monthly payment.
	Quick loan turnaround with complete application.
	Competitive rates.
	No rate lock-in fees

Smart Mortgage^1,2

If you are a business owner, self-employed or a new immigrant.

	No income verification.²
	Quick loan turnaround with complete application.
	Use non-traditional payment history, such as rent or utility receipts to demonstrate good credit.
	Competitive rates.

Community Home Buyers Program^1,3

First time home buyers.

	Lower down payment.
	Flexibility to allow for higher debt servicing ratios.
	No cash reserves required.
	Use non-traditional payment history, such as rent or utility receipts to demonstrate good credit.
	No lender fees.⁴
	Quick loan turnaround with complete application.
	Free simple checking⁵ for automatic loan payments.
	No rate lock-in fees.

Note: No prepayment penalty on the above mortgage plans.

At BankerBroker.com, our Mortgage Loan Originators are committed to helping you get through the loan process smoothly, and to aid you in selecting a mortgage that's tailored to match you needs. So, don't hold off fulfilling your dream of owning your own home. 877-410-6663

MORTGAGE RATES

Rates are Current as of 10/06/2011

CONFORMING FIXED RATE MORTGAGES The security of fixed payments over the life of the loan.
Loan Term	Interest Rate	Discount Points	APR	Monthly Payments^*
30 Years	4.000%	0-pts.	4.013%	$1,990.84
15 Years	3.375%	0-pts.	3.397%	$2,955.54
Loan amounts to $417,000 and Providing Full Supporting Documentation.

JUMBO FIXED RATE MORTGAGES The security of fixed payments over the life of the loan.
Loan Term	Interest Rate	Discount Points	APR	Monthly Payments^*
30 Years	4.625%	0-pt.	4.636%	$2,570.72
15 Years	4.375%	0-pt.	4.394%	$3,793.12
Loan amounts from $417,001 to $1,500,000 and Providing Full Supporting Documentation.

NO DOCumentation FIXED RATE MORTGAGES The security of fixed payments over the life of the loan coupled with flexible underwriting to meet your special borrowing needs.
Loan Term	Interest Rate	Discount Points	APR	Monthly Payments^*
30 Years	5.070%	0.50-pts.	5.127%	$2,256.44
15 Years	4.380%	0.50-pts.	4.477%	$3,164.52
Loan amounts to $417,000 for Refinance Transactions and $1,000,000 for Purchase Transactions and Providing Limited Documentation.

¹ Restrictions and limitations may apply.
² If you select the "No Income Verification" Intelligent Mortgage Loan, the interest rate on your loan will be higher than a Conventional Loan, and the Loan to Value (LTV) requirement is stricter, for example: a LTV of 60% is required for a maximum loan amount up to $1 million. For comparison purpose, please ask us to provide the terms and payments for a Conventional Loan.
³ Subject to area median income restrictions.
⁴ Subject to full documentation, appraisal, credit and other necessary verifications. Lender fees include points, appraisal and credit report.

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