How to get a No Income Verification Mortgage Loan

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  • Опубликовано: 26 янв 2025

Комментарии • 49

  • @MortgagebyAdam
    @MortgagebyAdam  Год назад +3

    If you found this video to be useful be sure to subscribe so you don't miss my best mortgage tips and you're welcome to reach out to me directly for more information anytime here: balanceprocess.com/no-income-verification-mortgage-loan/

  • @mortgagewithclare
    @mortgagewithclare 2 года назад +12

    A No Income Verification Mortgage Loan may help you out. It’s a type of loan where you don’t need to verify your income through documents. the lender approves your loan based on other criteria like credit history, asset statement and other factors.

  • @lynnwilliams8988
    @lynnwilliams8988 Год назад +4

    How can I contact you and see if you can help me with a no doc loan or any other similar loan?

    • @MortgagebyAdam
      @MortgagebyAdam  Год назад

      Hey Lynn, you're welcome to reach out to me anytime at BalanceProcess.com/contact or call me at 248.894.2763
      Thank you!

  • @Lance_A
    @Lance_A 5 месяцев назад +1

    Most people don't have that much money lying around to pay those super high down payments. 20% 30% 50% down is a lot of money. People who want this loan will also probably need help with paying that down payment. Qualifying for the loan is the first part of the battle. Is there a way to use this loan and get help with the down payment to.

    • @MortgagebyAdam
      @MortgagebyAdam  5 месяцев назад +1

      Correct, most people don't have sufficient assets. This is not designed to help all people. Thos is designed to help people who have substantial assets, but have unique income circumstances that don't meet traditional lending guidelines. If you don't have sufficient assets, then you would want to do a traditional loan with 3.5% down or 5% down, and you would need to meet traditional income/employment requirements.

  • @olalekanalo
    @olalekanalo 3 месяца назад +1

    Can you use this finance method with the equity of my current home?

  • @touchsmith4630
    @touchsmith4630 2 месяца назад

    How much money would the average house have to cost to get the no income verification loan

  • @relaxandlivelife7093
    @relaxandlivelife7093 3 месяца назад

    I thought no income verification loans were now nard money loans since after the 2008 crash. Is it a conventional Fannie mai and freddy machine loan ? Is this basically a dscr loan your explaining?

    • @MortgagebyAdam
      @MortgagebyAdam  3 месяца назад

      No, this is a CDFI Loan. Watch the video in full and you will have a crystal clear understanding on what this is.

  • @TheSimArchitect
    @TheSimArchitect Год назад +2

    I would like this type of mortgage here in The Netherlands.

  • @jimbeam7289
    @jimbeam7289 Год назад +1

    need a heloc no doc have good credit 720 and above fico 8 all bureaus home value is 560k and i owe 222k 2 percent interest. my 1 mort payment is $1330 piti if you can help let me know a line of credit would be ideal not lump sum thank you

    • @MortgagebyAdam
      @MortgagebyAdam  Год назад

      We would have to do it as a cash out refinance, not a line of credit. I'm sorry.

  • @criticalthinker7822
    @criticalthinker7822 Год назад +1

    I have a COE, certificate pf eligibility from the VA. Am I able to get a no doc loan?

    • @MortgagebyAdam
      @MortgagebyAdam  Год назад +1

      If you meet the credit and asset requirements, yes. Learn more here: BalanceProcess.com/no-income-verification-mortgage-loan

    • @criticalthinker7822
      @criticalthinker7822 Год назад

      @@MortgagebyAdam Thank you!

  • @infrnodragon107
    @infrnodragon107 Год назад

    Well 20% down in ca ya I don't think that's gana happen for a good min and I'm assuming fha can't be stacked on?

  • @rt-qe9xw
    @rt-qe9xw Год назад +1

    Thanks for making this video. Is it possible to get this loan based canadian credit score?

    • @MortgagebyAdam
      @MortgagebyAdam  Год назад

      We would need to do it as an investment property on a foreign national loan. Feel free to contact me anytime to talk it out BalanceProcess.com/contact

  • @Virtuenow
    @Virtuenow 10 месяцев назад +1

    Hi, what is the minimum amount you’re required to borrow?

    • @MortgagebyAdam
      @MortgagebyAdam  10 месяцев назад +1

      Varies by lender, but usually 100K

  • @moblackmoney3424
    @moblackmoney3424 Год назад +1

    *Ok here it is,,, looking for a no income loan.. have an 800 credit score. House is 425k..
    I can put 20% down. what will I need in reserves and can you get me this loan?*

    • @MortgagebyAdam
      @MortgagebyAdam  Год назад

      Currently the guideline is 24 months reserves needed if you have 720+ credit and 20% down payment. What state are you in? You're welcome to reach out to me anytime here BalanceProcess.com/no-income-verification-mortgage-loan/

  • @kbi.church
    @kbi.church Год назад

    Are you familiar with the program in California where the gov puts the down payment for you? If so, can that program be used with no income docs?

    • @MortgagebyAdam
      @MortgagebyAdam  Год назад

      Down payment assistance is not allowed on this product

  • @shawnapeake7833
    @shawnapeake7833 11 месяцев назад +1

    Lots of questions 😬

    • @MortgagebyAdam
      @MortgagebyAdam  11 месяцев назад

      You're welcome to reach out anytime here BalanceProcess.com/no-income-verification-mortgage-loan

  • @janeadams1627
    @janeadams1627 9 месяцев назад +1

    Can u help me

    • @MortgagebyAdam
      @MortgagebyAdam  9 месяцев назад

      Would love to! Please send me an inquiry anytime here: BalanceProcess.com/contact/

  • @rubymosqueda9203
    @rubymosqueda9203 Год назад +1

    Would this work for building a new home ?

    • @MortgagebyAdam
      @MortgagebyAdam  Год назад +3

      Yes, if the builder is funding the construction, you can get the loan once construction is complete.

  • @brayantheguru
    @brayantheguru 6 месяцев назад

    Banks are wayyy too aggressive af

    • @MortgagebyAdam
      @MortgagebyAdam  6 месяцев назад

      It's not up to a bank. It's backed by US dept of treasury