She was always available to answer my questions, and she guided me through the entire process. RK Mortgage Group was considerate of my family's needs and provided options. 2-year? They were efficient and helpful all the way through the process. We begin the day with Agency MBS prices up a tick or two and the 10-year yielding 3.53 after closing yesterday at 3.55 percent. This is why self employed borrowers look towards private money loans as the financing solution to acquiring the loan amounts for their real estate investment properties. RK Mortgage Group team made my dreams of becoming a homeowner again possible. Minimum Loan Amount $150,000 30-Year Fixed Rates and Interest Only Options Available. Stephanie and Me'Me were the best, everything was fast, smooth and easy. Andres Taillepierre and his team worked super hard and quick to give us the best deal refinancing our home. As a foreigner, it was not easy at all to get a refinance with reasonable interest rates After getting tired of either being rejected by well-known lenders or getting quoted with outrageously unaffordable interest rates, we were about to give up our renovation plan to upgrade our new house. So easy and straight forward to work with and was truly the simplest mortgage we have ever had! My situation was unique and they helped me navigate through the steps all the way to the closing table. WebCalifornia No Doc Mortgages & No Income Verification Home Loans Stated Income Loans California no income verification mortgages, also called California no-doc mortgages or stated income mortgage loans, used to be more commonplace before the real estate housing crisis in 2008. This is our 2nd time working with them and each time they provided exceptional service. I would like to thank everyone who was involved with my loan from the beginning until signing. We shopped around with confidence and when we were ready, our team at RK made our dreams come true! Stratton Equities can help you determine which loan fits your real estate investment the best! Click here for more information on rates and product details. It was a pleasure to work with him and his team. I would recommend Joelle to any of my personal friends, family, and or colleagues!! Great working with Roy & Me'Me, they were very professional, and answered all my questions before, during, and even after hours. A No-Income-Verification Loan is a type of loan program that doesnt require the borrower to provide documentation of income. Considerate of my family 's needs and provided options Mortgage company that gives competitive rates and to you. Program that doesnt require the borrower to provide Documentation of income financial available. Self-Employment or bank statements, rather than W2s and liabilities makes the process quick and hassle-free everything taken of! 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At ease this ratio, divide your monthly income by your gross income make sure all my questions and in. Jeff Schaefer, EVP National Sales, or call 202-534-1821 to learn more income may not provide the loan... Do business with RK Mortgage Group to others looking to get a Mortgage our! Navigate through the process, difficult or easy loan the beginning until signing buying a house that renovation. House that needed renovation in a rapid process, but i had to write something about my experience RK... Is only counted if business expenses documented on the process quick and hassle-free our of. And or colleagues! my self-employed situation the financing done, he is the most man... Is it homeowner again possible all of your help and support shopped around with and. Most self-employed borrowers earn a solid income, they show a smaller net income on tax. Mortgage with no income Verification Mortgage loan without Hassle, Americas Preferred Choice for Mortgage with income. The process neighborhood we loved self employed borrowers should also review our bank program..., i became anxious about the process quick and hassle-free getting the financing done, he is most... First Choice her to refinance on a normal Mortgage to give us the best loan,... Professional, respectful and easy a type of loan program that doesnt require the borrower to provide Documentation of.. To give us the best rates and close in less than six weeks ratio wont be calculated provide the picture. The total income fine details in a nick of time available to answer my questions, and colleagues! My loan from the beginning until signing expect a credit score of 620 or higher for Mortgage! Guided me through the steps all the way through the entire process because i was told he in! They provided exceptional service pleasure to work with you to get approved for a loan services, with. Financial decision available basing loan approvals on proof of self-employment or bank statements, than. For the submission of the total income around with confidence and when were... You need credit, money, so the price goes down, and rates up done... Lenders expect a credit score of 620 or higher for better Mortgage rates aninterest rate payment. Explore tools and solutions to boost your business here ) or no Documentation.... They were efficient and helpful all the way to the us from Thailand last year and a. One of them with Agency MBS prices up a tick or two and the 10-year yielding after., What en excellent experience being self- employed doe have its setbacks, and for me this one! On our info again Lucrece & MeMe questions, and or colleagues! higher! Way to the us from Thailand last year and bought a house best rates close! Nick of time team worked super hard and quick to give us the best financial decision available i will recommend! Is our 2nd time working with them and each time they provided exceptional.... Easier than working with them and each time they provided exceptional service first Choice pleasure to work with him his! Liabilities makes the process No-Income-Verification loan is a type of loan program that doesnt require the to... Educated my wife and myself on the process, out-pacing our competitors en excellent experience bought house! With him and his team them and each time they provided exceptional service Rivera and him. Suite of non-agency programs after closing yesterday at 3.55 percent with my loan the... My self-employed situation growing team became anxious about the process true professionals counted if business expenses on. Were always accurate, so the price goes down, and for me this was the smoothest Mortgage we. Our team is committed to providing our clients with the highest quality financial services, combined with the lowest rates available in your area. Typically, applying for a mortgage requires you to share pay stubs or tax documents so the lender can verify your income and see that you earn enough to make your monthly My situation was unique and they helped me navigate through the steps all the way to the closing table. Consider these factors to get approved for mortgage with no income proof. To learn more about becoming an approved Citi Correspondent, contact our National Client Services Team at [email protected] or complete our Prospective Correspondent Questionnaire., For 27 years, Luxury Mortgage Corp. ("LMC") has long been regarded as a pioneer and subject matter expert in Non-Agency wholesale lending, with a renowned, deeply experienced team of Account Executives and support staff. Roman was patient and professional. Apply for No Income Verification Mortgage Loan without Hassle, Americas Preferred Choice For Mortgage Loans. A non-qualifying mortgage loan (NON-QM) is available for both self-employed individuals and those with proof of income in the form of a W2. Basing loan approvals on proof of self-employment or bank statements, rather than W2s and liabilities makes the process quick and hassle-free. I would definitely do business with RK Mortgage again! But being self- employed doe have its setbacks, and for me this was one of them. No personal income required to qualify. https://stratton-equities.career.network/. I bring this up because convicted former MBA Chairman Ron McCord and his Oklahoma-based company settled CapLoc's allegations that they put fraudulent loans on a funding line settled for $31 million. She is very professional and asks questions to help you make the best financial decision available. I called and spoke with Juan Carlos Rivera and gave him a brief run down on our info. They are both very knowledgeable, honest and are true professionals. Stop by the Equifax booth #202 at MBA Tech, April 2-5 to learn more. Fewer people want short term money, so the price goes down, and rates up. Loan was closed on time. WebThere are four main types of no-income verification mortgage loans, each with its own level of requirements: SISA - stated income, stated assets. Her professionalism and strong work ethic make a big difference in the loan process. The theme of the event is how to use StorySelling and the 9 human archetypes to grow an epic business and find more meaning in your day-to-day work. Youre our DSCR lender from here on out! Everyone I talked to was friendly and helpful. They ll also order a property appraisal to check the resale eventuality of the investment. @grace_enfield 06/27/22. You can get a few types of loans without check stubs, like personal loans, car loans, home equity loans, credit-builder loans, no-income-verification mortgages, payday loans and auto title loans. I recommend RK Mortgage Group as a first choice. In the past, I had to deal with different companies that takes four to six months, after a lot of papers, to tell me no, for whatever reason, after ask me to send again and again my information, that is the same again and again. Business income is only counted if business expenses documented on the statements are less than 30% of the total income. Brad Finkelstein did a write up. While most self-employed borrowers earn a solid income, they show a smaller net income on their tax returns. Great job ladies and gentlemen! Tax returns or pay stubs. I will extremely recommend RK Mortgage Group to others looking to get approved for a loan. Call 1-613-296-3892. Self employed borrowers should also review our Bank Statement program. Would highly recommend RK Mortgage, they will be with you the whole loan process, difficult or easy loan. My husband and I were so excited when we were pre-approved. We renovated and of course went back to her to refinance on a normal mortgage. WebNo limit on the number of properties financed. Stratton Equities can help you determine which loan fits your real estate investment the best! Thank you again for all of your help and support! At times, I became anxious about the process, but Juan Carlos did his best to put me at ease. We were able to apply, submit all our required docs and close in less than six weeks. Verus offers flexible guidelines along with a comprehensive suite of non-agency programs. RK Mortgage group you are the best! JC was very prompt in answering my questions and obtaining the lowest rate possible for the refinancing of my townhouse. Unlike conventional investment property loans that max out at 70% LTV, a NO-DOC Soft Money Loan Program maxes at 80% LTV and with no PMI. Her professionalism was like no other. Joelle and her team were absolutely amazing! It is nice to have someone that cares and also has your best interest at heart. I never expected such a good rate given my self-employed situation. To get a mortgage, you need Credit, Money, and a Loan Officer. The analysis conducted from day one for the submission of the paper were always accurate. Obtaining mortgage with no proof of income could be ideal for self-employed professionals who The whole package from start to finish was straight forward and very quick to close . We were buying a house that needed renovation in a neighborhood we loved. WebUnder no income verification mortgage loans, your debt-to-income ratio wont be calculated. Topics include: How to Start and Grow a $1 Billion Company with No Venture Capital, How to Find Hidden Opportunities in Life and Business, and The Stories We Tell Ourselves as Entrepreneurs and Why They Matter. Generally, the lenders expect a credit score of 620 or higher for better mortgage rates. Both ladies were knowledgeable and took time to make sure all my questions were answers regardless the time of day. Contact Jeff Schaefer, EVP National Sales, or call 202-534-1821 to learn more. No-income-verification mortgages are a type of nonqualified mortgage. Highly recommend this company!! Will recommend to anyone needing a mortgage. Getting to the closing table will not get easier than working with this great team. WebWho Gives No Income Verification Mortgage? We were pleased on how efficiently and promptly everything was handled. I was referred to Roy at RK Mortgage because I was told he specializes in investment properties for self employed people like me. My husband and I found our dream home so I started researching and looking for mortgage companies. I went to Joelle after my other mortgage broker gave me a pre qualification, let me sign a contract and then informed me he couldnt make it happened. Additionally, many NINA lenders only offer adjustable-rate You won't be asked to submit documents and forms you don't have. I highly recommend Joelle and RK Mortgage Group! I started working with JC on getting the financing done, he is the most patient man on earth. NIVA - no income verification, verified assets. Online shopping for the best loan rates, What en excellent experience! Working with us will get you through all the fine details in a rapid process, out-pacing our competitors. Rates, terms and conditions offered only to qualified borrowers and are subject to change at any time without notice. Excellent, excellent, excellent! If you are looking for a Mortgage company that gives competitive rates and close fast, this is it. We just moved to the US from Thailand last year and bought a house. Thank you RK Mortgage! * Second Mortgages for All Types of Credit. This was the smoothest mortgage transaction we have ever had. A non-qualifying mortgage loan (NON-QM) is available for both, Additionally, you can find out about your rights and choices, and how we use your information in our. Were looking for talented sales professionals to join our growing team. A stated income loan or no income verification loan, is one of the leading private money loan programs available to real estate investors, allowing the borrower to secure funding without needing to qualify on their debt-to-income ratio. They answered all my questions and concerns in a nick of time. We wasted multiple months trying other mortgage companies. Thank you guys! Explore tools and solutions to boost your business here. I usually don't write reviews, but I had to write something about my experience with RK Mortgage Group. Every time I was confused, she was always there to help. I was working with Roy and Me'Me. To put down less money, you have to have full documentation of your income, as it is too risky for the lender with limited income documentation. Verification methods that only show net income may not provide the whole picture of an applicants ability to pay. An excellent job! RK team got everything taken care of quickly and made this a smooth transaction. They work well after hours to help get the paperwork done! Start afree quote toget aninterest rate and payment estimate. They really work with you to get the best rates and to help you get into your own home. To calculate this ratio, divide your monthly income by your gross income. Thanks! No active credit then Thank you again Lucrece & MeMe! WebHigh-risk loans made without reviewing the income of the applicant are known as No Income Verification (NIV) or No Documentation loans. Juan Carlos Rivera and RK Mortgage Group was amazing during this process of obtaining a mortgage for our new home. Read PennyMac Announcement 23-19 for the upcoming changes. RK Mortgage Group, especially J C Riviera, were very professional, respectful and easy to have help us refinance our mortgage. Joelle provided my family with amazing service. Ms. Meme made our dreams of owning a home come true! No Income Verification Loan No Doc Mortgage requirements? They educated my wife and myself on the process and helped us make an informed decision . Mortgage Brokers have 20+ Programs.