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Key takeaways. A no-doc mortgage offers a way to get a home loan without some of the income and employment verification paperwork lenders traditionally require, like W-2s and pay stubs.
Here are some of the best lenders for low- and no-down payment mortgages in 2024. ... Rocket Mortgage. ... No income limits.
No income, no asset (NINA) [1] is a term used in the United States mortgage industry to describe one of many documentation types which lenders may allow when underwriting a mortgage. A loan issued under such circumstances may be referred to as a NINA loan or NINJA loan .
Operating income. US$9.532 billion (2020) Net income. US$932 million (2020) ... Rocket Mortgage, LLC, formerly Quicken Loans, LLC, is an American mortgage lender, ...
The lack of verification makes these loans particularly simple targets for fraud. [3] Stated income loans fill a gap of situations which normal loan standards would not approve. For example, a standard rule is that a customer's mortgage and other loan payments should take up no more than 45% of the person's income.
Rocket Mortgage. 620 for conventional loans, 680 for jumbo loans, 580 for FHA and VA loans. ... There’s also income-based down payment assistance, which could cover some or all of yours ...
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