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 attom
Joined: 19 Apr 2009
Posts: 1
1.32 Dollars($)
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 Posted: Sun Apr 19, 2009 11:20 am Post subject: i want to buy first time, but can you get no doc mortgage? |
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i have a problem , can you help?
i am first time buyer, and freelance self employed.
my tax returns dont show a lot so i would have got a no doc loan, now i guess they dont give them?
i have great credit score around 720
but only have $20,000 to put down
i live in manhattan ny .. is there any hope for me? |
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jenkin7
Joined: 04 Jun 2007
Posts: 4303
Location: Hawaii
679.96 Dollars($)
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| Posted: Mon Apr 20, 2009 12:36 am Post subject: |
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Hi attom,
Getting a no doc loan under present market scenario is a bit difficult. But your credit score of 720 is good. I think you can go for a no-obligation free consultation with the lenders in this community and see if any of them can provide you with a no doc loan program. |
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 9775
Location: bloomfield, ct
40.03 Dollars($)
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| Posted: Mon Apr 20, 2009 7:24 am Post subject: |
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you'll find that most, if not all, no documentation loans are going to require that you have at least 25% down payment, and even more typically, 30%. it may mean that you've got to wait.
_________________
George M. Akerley
Loan Consultant
860-221-5044 |
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