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Are there limited documentation (no doc, stated income) mortgages available?

April 26, 2017DOC documentation income limited mortgages

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Are there limited documentation (no doc, stated income) mortgages available?

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Yes, they come in a variety of programs; some have self-employment, credit, equity or asset requirements so it may be advisable to have a HomePoint Lending personal loan consultant direct you to the appropriate product for your needs. Keep in mind that these products can carry higher interest rates than that of a mortgage that is fully documented. A good rule to remember, the more documentation a borrower can provide for a lender, the lower the rate they will typically get.