With the recent mortgage crisis, is it still possible to do no-doc loans?
I have a good credit score (720) and a decent down payment (20 %) but I have only been at my job 6 months, and I don’t work there in the summer. I will have to find seasonal summer work and I know that usually doesn’t count in the calculation. I plan to have a roommate to help me make the payments. Are there any reputable mortgage companies that still offer a no-doc loan based on good credit?
We are looking to get a stated income/no doc mortgage for a home that is commercially zoned. We have 20% down and need to borrow 200k. FICO score inn mid 600s. Thank you!