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NINA, or no doc

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janesinoh Joined: 13 Jul 2010 Posts: 2 1.55 Dollars($)	Posted: Tue Jul 13, 2010 8:14 am    Post subject: NINA, or no doc Like 0 Dislike 0 We are trying to miove back to New England from Cleveland. But without est. jobs (I'm a nurse, my spouse is a sub contractor /home inspector), we will be hard pressed to get a mortgage rather than have to rent. even with a larger down payment. Is it possible to apply here in Ohio for a NO Doc or NINA loan to use to buy in NH or ME? Then refinance at a lower rate a couple years down the road.
shane Joined: 03 Dec 2007 Posts: 240 Location: Orange County, CA 51.84 Dollars($)	Posted: Tue Jul 13, 2010 8:26 am    Post subject: Like 0 Dislike 0 There are rumors of the "No Doc" loan making a comeback, but I do not know of any lenders offering them. "http://abcnews.go.com/Business/mortgage-surprise-liar-loans-make-come back/story?id=11110951" [Link deactivated as per forum rules. Thanks.] _________________ Shane Milne TheBestHomeLoans.com More about Shane and Client Testimonials Mortgage Banker & Broker 949-273-4161 Lending in all 50 states FHA/VA/USDA/Coventional
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12376 Location: bloomfield, ct 58.49 Dollars($)	Posted: Tue Jul 13, 2010 8:44 am    Post subject: Like 0 Dislike 0 Rumors aside, finding a lender in the midwest willing to provide funds for a purchase in New England is going to be awfully difficult. You're better off seeking a national lender that has ties in both areas; often a local branch can refer you to a branch location nearby where you're trying to purchase. No-doc, though, is a rare bird. _________________ George M. Akerley Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044

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