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This NO DOC Loan is for Real!

June 2nd, 2022 12:03 PM by Daniel Poulos

This is not like the dangerous "No Doc" programs of the 2000's.  It requires acceptable credit (at least 640) and at least 20% down plus some reserve liquidity.  The higher the credit score, the less the required down payment.

Most limited documentation programs are either "Bank Statements" for self employed borrowers or "Cash Flow" for investment products and we do a ton of them. BUT this new program, which we have an exclusive on, is not that.

This new program requires no disclosure of income or employment and is for primary and second homes, purchases and refinances.

Loan amounts go to $3M with as little as 20% down.  It's almost like a "hard money" loan but with rates in the 6's and 7's.

Among the borrowers it is perfect for are...
  • Recently divorced with no history of receiving child support or alimony yet (purchase or refinance)
  • Self employed who's income was affected by the pandemic
  • Those with non-documented income sources
  • Married couples where one party's credit is not high enough to include on the application so their income is not considered.
  • Retired with assets but not taking distributions
  • All scenarios where common sense underwriting is better than what is on paper
Great rates, 30 day close and no hoops to jump through!

Please visit for more details and rate quotes and call me directly anytime with questions.


Posted by Daniel Poulos on June 2nd, 2022 12:03 PM


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