No Income Verification w/ Assets- Credit Scores >660
- Question: Most of my income is from commissions. Can I qualify for this no-income verification program?
- Answer: Yes. All forms of income are now acceptable for this program. You may be a regular employee, you may be self-employed, or you may be paid by commission or tips. You should apply now and let us evaluate your options! There is no cost or obligation.
No Income Verification >660
Our no income verification program for this credit class requires verification of assets.
Assets - including down payment, as well as reserves, indicated in the table below - must be verified, and must have been stable for the previous two months.
Employment Type - All employment types are now acceptable! If you are self-employed you must have a two year history.
First time home buyers - Not allowed
Florida Properties - Some Florida properties may be subject to a temporary 5% reduction in LTV due to market conditions
| Occupancy | Score | Max Loan | Reserves |
|---|---|---|---|
| Owner Occupied | 660 | 80% | 2 months |
| Second Home | 660 | 80% | 2 months |
| Investment-Rental | 700 | 80% | 6 months |
| Occupancy | Score | Max Loan | Reserves |
|---|---|---|---|
| Owner Occupied | 680 | 80% | 2 months |
| Second Home | 700 | 75% | 2 months |
| Investment-Rental | 680 | 75% | 6 months |
Questions? Contact us! We will be happy to review your situation and determine which programs you qualify for.