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No Document Mortgage (No Doc Mortgage)

No Doc loans are perfect for anyone who cannot document a steady income stream or show bank statements where their savings is held. Also a No Doc loan is perfect for someone who wants complete privacy or simplicity. Some No Doc loans allow clients to simply state an income and asset level. While others such as a ìTrue No Docî require no income or asset information at all. No Doc loans generally have an interest rate premium higher than that of regular Fannie Mae or Freddie Mac loan. This premium may range from a quarter of a percent to one percent or more.

If a No Doc loan is right for you, LowerRates.com can help you find the best possible No Doc mortgage options for your needs. LowerRates.com works exclusively with top nationwide direct mortgage lenders. Please complete our online mortgage quote to obtain a rate quote and pre-approval for your new purchase or refinance.