I am very grateful for your quick and professional work! As first time byer I had million questions. If you need a mortgage I recommend you call RK Mortgage Group. The new ability to repay rules are supposed to protect borrowers who are buying or refinancing a primary residence, second home or vacation home. They found the right program that fit my needs. He also does conventional loans. I called and spoke with Juan Carlos Rivera and gave him a brief run down on our info. We thought we were not going to be able to buy the house, but she made it work for us. My husband and I found our dream home so I started researching and looking for mortgage companies. LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). Overview; POPULAR FORMS & INSTRUCTIONS; . No personal income verification or debt ratio limitations. Her professionalism and strong work ethic make a big difference in the loan process. It was quite an experience with mixed feelings. Thank you RK Mortgage! No-Income-Verification Loan - No-Income-Verification Investment Loans Between the pile of paperwork, the required information about source of income, credit history, cash flow, savings account, and all the asset requirements prospective Real Estate Investors are limited to applying or receiving a conventional mortgage loan to a self-employed person. Please enter a minimum of three characters. Juan Carlos Rivera and his team we outstanding through out the entire loan process. My husband and I have been trying to buy a home for a very long time. Thank you again for all of your help and support! Working with RK Mortgage Group made the entire process almost stress free. We found the home we fell in love with and the deal was completed within 5 weeks. . Excellent, excellent, excellent! He also got me a great rate on my mortgage! Our partners do not pay us to feature any specific product in our content, but we do feature some products and offers from companies that provide compensation to LendingTree. My experience went beyond than what we expected. Truly a seamless transaction. I highly recommend RK Mortgage Group for refinancing issues. I found RK Mortgage on the internet, I did some research and gave them a call. They are always there to give assistance. Best Investment Property Loans of 2023. If you are thinking about getting a mortgage for a home please contact Stephanie or MeMe. I had a very short time frame to close and they managed to get everything moving, especially in COVID! -1 of the Treasury Regulations, and that the homeowners' association representing the property owners within the housing development bestowed benefits on the entire . Thanx for having Ms. Meme on board. As the CEO of a company, I would not hesitate to recommend RK Mortgage Group for their excellent performance in dealing with the clients. No-income and limited-income verification mortgages are worth exploring if youre self-employed, have seasonal income streams, or otherwise have trouble qualifying for a conventional mortgage loan. Our No Income Verification Investor Loan, No Ratio DSCR Loan allows borrowers to qualify based on the rental income analysis to determine the property's cash flow. Roy not only got the load approved, but I close on my house only 2 weeks after my initial conversation with Roy. Great job ladies and gentlemen! Loans require a 25% down payment and other underwriting considerations may apply depending upon the type of property. I heard nightmare stories about buying homes and loan companies but this was not one of those cases. Best Investment Property Loans of 2023 - Investopedia RK Mortgage Group was considerate of my family's needs and provided options. I was very apprehensive about working with another company, but Roy was confident he could get this loan to work in my favor. No Junk Fees. No Upfront Fees! Magic words the lender wants to hear. A similar version to this is the NIVA, which stands for No Income, Verified Assets, where income isn't factored into the equation. Roy/Me'Me made my dreams of becoming a homeowner again possible. Can You Still Get a No-Doc Mortgage in 2023? - LendingTree: You Win Refinance up to 75% of the value of your investment 1-4 family property. Non-Owner Occupied Investment Properties - Investors Choice Lending We just moved to the US from Thailand last year and bought a house. We review and interview both external and internal reputable sources for our content and disclose sourcing in our content. Very helpful and attentive throughout the whole process! 7 Types of Conventional Loans to Choose From, Typically higher than FHA and conventional mortgages. Very stress free and would recommend him and RK Mortgage Group to anyone! I worked with Andres at RK Mortgage. Juan Carlo Rivera, was quick, professional and courteous. I also had the pleasure to work with Me'Me who is fast acting and together they make an excellent team. I feel I made a new friend this year. The lenders we work with provide financing to borrowers who cannot meet traditional underwriting criteria offer no income-verification mortgages to individuals and properties meeting the following guidelines: Up to 75% loan-to-value ratio based upon property type This is the perfect loan for self-employed borrowers who write off a lot on their tax returns. No personal income verification required! Because self-employed income isnt guaranteed by an hourly or salaried wage, lenders take extra care to verify a borrowers earnings history. 2020 Legions Capital inc DBA: loanguys.com , Equal Housing Lender, NMLS ID#: 1553947 California Finance Lender License#: 60DBO6454 Arizona Mortgage License number MB 1030720. RK Mortgage group you are the best! ITIN Loan Foreign National Loan Mission driven & federally certified As a federally chartered digital bank and US Treasury designated Community Development Financial Institution (CDFI), Quontic Bank is one of only a few mortgage lenders that can offer home loans with flexible documentation requirements. My personal situation was complicated, but he managed to get me into my DREAM HOME. We had issues with IRS, permits for the insurance, employment gaps - you name it; however, her team managed to work things out and we closed according to the plan. Is that even a thing? CDL Mortgage Pre-Qualify - Quontic Regional Manager 858-353-8331 Highly recommended team that defines word professionalism in this sphere of business! Smooth and easy to work with an extreme pleasure all around. We highly recommend him and RK Mortgage Group! No Income Verification Investor Loan - E Zip Mortgage by First Florida Our experience with RK was wonderful from start to finish. As the name implies, this type of loan does not require a lender to verify how much you earn. Our team of writers and editors follows these key guidelines: LendingTree, LLC is a Marketing Lead Generator and is a Duly Licensed Mortgage Broker, as required by law, with its main office located at 1415 Vantage Park Drive, Suite 700, Charlotte, NC 28203, PITI (principal, interest, taxes and insurance). Investment Property Loan Programs | Iowa Mortgage Solutions Getting to the closing table will not get easier than working with this great team. JC was amazing to work with, available at all times to answer questions and always quick response back to me. I just closed on my first home and the process could not have been any smoother. Our mortgage process went very smoothly and we were able to close as scheduled. Once a popular mortgage option in the years leading up to the Great Recession, the NINA loan had largely disappeared but is now making a comeback. Be wary if youre encouraged by a loan officer, real estate investment group or even a friend or relative to take out a NINA loan on the promise of getting paid a fee or a guaranteed return on your investment. Extremely positive and always responsive. Again, the income of the investment property is simply the cash flow of the property. I highly recommend!!! Originally intended for self-employed borrowers, loan officers abused these loans by offering them to borrowers without verifying they had the ability to repay the loans. Loans available for purchase or refinance of investment or owner-occupied multi-family properties. Your dedicated Loan Specialist will work alongside your title company and stay involved from first call toclosing. If you currently have a loan insured by the Federal Housing Administration (FHA), an FHA streamline refinance allows you to reduce your rate without verifying your income or employment. %), a helpful, friendly, and professional team, and a quick and hassle-free loan approval process. Lucrece was the best! Constant and accurate information and updates. Borrowers often choose conventional. Also called no-income verification mortgage or stated income loan, a no-doc mortgage may help you close your home loan faster, especially if you have complicated tax returns. These guys didnt miss single email, every phone call was answered and they brought me to closing with such an ease due to continuous and patient education. I had an issue with my other mortgage company that I had been working with and upon contacting RK Mortgage. What probably follows after that declaration is this question, How do I get a loan for an investment property?, And what may follow right after that question are just a slew of even more questions, How do I start investing in real estate without any income verification? Would totally recommend. Meanwhile, the funds for the purchase actually come from a source that intends to manage or own the property. The process was straightforward, even though my personal situation wasn't. Apply now. They made it happen. We do not use personal or business tax returns. I've went through a mortgage process for a couple times for the past few years, and this was so far the most pleasant and smoothest experience. I must mention that I was very impressed with the great and prompt communication I had with Joelle and Me'me. Thank you for all your hard work and dedication! Reputable private money lenders, like Stratton Equities, are happy to view your bank statements and get the paperwork rolling rapidly. In the past, I had to deal with different companies that takes four to six months, after a lot of papers, to tell me no, for whatever reason, after ask me to send again and again my information, that is the same again and again. Real estate investors with cash for high down payments who want to quickly build a portfolio of investment properties. These loans should be seen as a solution for cutting down paperwork, not for avoiding the question of affordability. Overall my experience was painless and i never felt alone, pressured or cheated. Current Mortgage Rates Thank you RK Mortgage Group and Thank you Joelle! We're forever Thankful for her. They never missed a call anytime I had a question or concern. 1 319-377-1988. The entire application process handled by email and online, which was very convenient for me. Joelle and her processor Me Me were amazing. My situation was unique and they helped me navigate through the steps all the way to the closing table. His knowledge was invaluable to us during this whole journey. I will continue to recommend this company to everybody I know in search of a mortgage that expects a pain free, professional experience. The lender accepts other items, such as bank statements, as proof you can repay the mortgage. They truly were with me every step of the way in the process. Everyone we dealt with through her office was very professional and friendly, but we love Joelle, and after all the back and forth with her though out this process, consider her a friend! This largely changed after the 2008 crisis. The benefits of applying for a Stated Income Mortgage Loan: Debt to Income Ratio does not factor into underwriting guidelines. Awesome job RK Mortgage Group! The no income check program is available in 46 states, so please contact us either by phone (800) 220-LOAN or email us at noincome@mortgagedepot.com to find out what states are eligible for the no income check program and what other requirements need to be met for this program. Below are the highlights of this stated income program: No Tax Return Required No W-2`s Required No Paystubs Required 25% Down payment 1-4 Family Including Condos and Coops When they say they work fast, they mean it. Thank you guys for everything. . CONTACT SAN DIEGO PURCHASE LOANS TODAY! It was a great process. How to Get No Credit Check Investment Property Loans? - HomeAbroad Inc. The no-income-no-asset loan, or NINA loan, allows you to get a mortgage without providing any pay stubs, tax documents or bank statements to verify the source of your down payment funds. She was reliable and always reachable one way or the other. I really appreciate everything RK team did for me to finance my mortgage. RK Mortgage Group, especially J C Riviera, were very professional, respectful and easy to have help us refinance our mortgage. Instead, we use the investment property's projected rental income to qualify you. No personal income required to qualify. I usually don't write reviews, but I had to write something about my experience with RK Mortgage Group. New 15% Down DSCR Investment Property Loans RK Mortgage and the staff were very supportive of our journey. Best for Commercial Property: Lendio. Quick, Professional, and Personable. A Jumbo Loan is perfect for borrowers who are looking to borrower more than $900,000.00. I highly recommend RK Mortgage! I would not have my new home without her. NONI stands for "No Owner No Income." A NONI loan is used for business purposes in real estate. It was a learning experience for us. Me'me was my loan processor and was great also. RK Mortgage Group team exceeded my expectations in every way possible!! My questions were answered quickly and professionally. This may impact how and where offers appear on the site (such as the order). Investment Property Loan Programs; Apply Now! Many of our clients use this program for investments into . These are. You may want to consider a no-income-verification loan in the following scenarios: You may run across any of the following variations of no-doc mortgages including: No-income-verification mortgage programs are available to qualified borrowers to refinance government-backed mortgages. At Stratton Equities, we utilize these loan programs for Real Estate Investors, as it makes it easier to secure financing. An excellent job! Then, I decided to give one last broker a try RK Mortgage Group. Fixed Rates from 8.00%. RK Mortgage Group, you're the BEST!!! Great team to work with. Are you eligible for a government-backed, no-doc refinance mortgage? At times, I became anxious about the process, but Juan Carlos did his best to put me at ease. LendingTree does not include all lenders, savings products, or loan options available in the marketplace. No income verification mortgages on commercial and - Gelt Financial USDA streamlined assist refinance. RK Mortgage Group went above and beyond my expectations! Lucrece and our loan processor MeMe worked extremely hard to get our deal done. This is our 2nd time working with them and each time they provided exceptional service. Thank you again. Joelle and processor Me Me were amazing! A NINA loan is a type of NINJA loan. Thank you again for all of your help and support! Best for Veterans: Veterans United Home Loans. These loan programs are available for small or large investors looking to build or refinance a portfolio of rental properties. I have refinanced 3 times over the last few years. No letters from employers, no W2s, and no pay stubs. Unlike conventional loans, these loans (also known as NO-DOC & stated income mortgages) offers a solution to investors who couldn't satisfy full documentation loan programs. Heres three of them: FHA streamline refinance. Within minutes after filling the application, I received a call from Andres. Theyre extremely professional and great at what they do. Cash out No Income Verification Mortgage on Investment Property Non-Owner Occupied and Investment Purposes Only Don't think about this loan for your personal residence - It's not available. Step 1: Find the Right Lender Step 2: Analyse the Property Step 3: Keep the Down Payment Ready Step 4: Underwriting Step 5: Close on the Property Useful Tips to Find the Right Lender Benefits of No Credit Check Real Estate Loans Conclusion Frequently Asked Questions What are No Credit Check Investment Property Loans? This is why self employed borrowers look towards private money loans as the financing solution to acquiring the loan amounts for their real estate investment properties. Very knowledgeable and professional! We could not have asked for a more professional and compassionate person to help us refinance. We now have a significantly lower monthly payment and this is amazing! In fact, no-documentation mortgage lenders must make a good-faith effort to show you can repay the loans they offer. He took numerous calls, emails and texts from me daily. Ready to Finance Your Investment Properties? Read our. 680 minimum credit score By submitting your information above, you are opting-in to subscribe to our weekly newsletter, and permit us to send you contact you occasionally. Avoid a hard money loans and hassles of conventional mortgages. Ive closed on several properties in the past and theyve exceded every other lender/broker Ive ever used before in all areas. All rights reserved. A NINA loan is a specialized type of mortgage that can be approved without the standard income and asset documentation paperwork required by traditional mortgage programs, such as conventional loans. Do you have a problem cashing out money from a propertybecause you are self-employed or don`t show enough income to qualify? The term no-doc mortgage doesnt mean lenders make loans to just anyone. When others said no they kept pushing and found a way to get it done. "No income" doesn't mean "no documentation. Our residential investment property loans are asset-based not income-based, making it easier to qualify W-2 and self-employed investors for rental property financing. Alternate forms of documentation that are used for no-income-verification loans include bank statements, pensions, investment accounts or equity in other properties. The best way to find out if a no income verification loan is the right financing choice is to speak with a MortgageDepot loan officer. After a pre-approval letter was written from the initial mortgage company I was working with, they denied my loan. However, lenders took advantage of the easy qualification process to speed up approvals and close more loans. Get your FREE customized quote now! No-Income Mortgages - Scotsman Guide He was always available, competent, insightful and considerate. Over 30 years of experience, No Income verification MAXIMUM CASH OUT REFINANCING. We can use the last 12 months bank statements to derive income as opposed to using tax returns. More rewards, less hassle. We were buying a house that needed renovation in a neighborhood we loved. Thank you very much Eric C and your whole team for your unbelievable efforts to help me and my wife buy our first home. Roman was always on hand to answer any questions we had. First and foremost, I would like to express how grateful I am to have had Juan Carlos Rivera as my mortgage broker. Lucrece was there for me every step of the way and even held my hand during several meltdowns. Between the pile of paperwork, the required information about source of income, credit history, cash flow, savings account, and all the asset requirements prospective, No Income Verification Loan / Stated Income Loan for Real Estate Investors.
David Laid Gyno Surgery,
4 Letter Words With Pie,
Articles I