No Income Mortgage for Primary residences - What you need to know

Описание: Are you struggling to meet the traditional mortgage requirements? Consider a no-income mortgage! This game-changing product is designed to help retirees, self-employed individuals, seasonal workers, and those who have experienced a life event to secure a mortgage without income documentation. In this video, we dive deep into the features of a no-income mortgage and how it can benefit you.

With a minimum of 20% to 30% equity or down payment, loan amounts up to $3 million, and a minimum credit score of 680, a no-income mortgage offers several attractive features. Debt-to-income ratios are not calculated, and this mortgage is not intended for investors, but rather for primary and second homes.

A no-income mortgage is ideal for those who don't meet traditional mortgage requirements, such as retired borrowers, self-employed individuals, seasonal workers, and those who have experienced a recent life event.

Whether you're purchasing a new home or refinancing an existing one, a no-income mortgage can help you secure a mortgage without income documentation. You'll need a minimum credit score of 680 and a down payment of at least 20% of the property's value for a home purchase scenario, while a 20% equity in the home is required if paying off the current mortgage with no cash-out in a home refinance scenario.

Consider a no-income mortgage today and experience a game-changing solution for your mortgage needs.

00:00 No Income documentation proof needed
00:36 This loan is not for investors. It is for primary and secondary homes only
00:50 This is not a good loan for first time home buyers
01:30 Loan amounts up to $3 million
02:23 Borrowers who may benefit from a no income documentation loan
03:14 Purchase a home with a no income documentation mortgage
04:26 Purchase a home with a no income documentation mortgage

Thanks for listening and reading the Mortgage Brothers Show. If you would like to contact us;

📞 Call us at 480-565-7843
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💥 Visit us online at https://www.azmortgagebrothers.com/

Ask us for a free quote on your next mortgage in Arizona. We'll personally work with you and help you through the whole process.

Source materials in the presentation have been taken from county records, Redfin, Zillow, Freddie Mac, and the Economic Research at The Federal Reserve Bank of St. Louis. Signature Home Loans LLC does not provide tax, legal, or accounting advice. This material has been prepared for informational purposes only.

You should consult your own tax, legal, and accounting advisors before engaging in any transaction. Signature Home Loans 1599 E Orangewood Ave Ste 200 Phoenix, AZ 85020. NMLS 1007154, NMLS 210917, and 1618695.

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