Financing in 11211>Question Details

Amanda, Real Estate Pro in New York, NY

Who offers No Doc or Stated Income mortgage in NJ/NY?

Asked by Amanda, New York, NY Sun Sep 9, 2012

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Mitchell Feldman’s answer
Dear Amanda:

There are a couple of banks out there who still do those types of mortgages. It basically depends on the rest of your qualifications such as credit history and amount of your down payment. Most of the times the bank giving this type of loan will want a minimum down payment of 30% or more. In addition top that, the interest rate is usually higher than a conventional mortgage.

If you want, call me and I can try to connect you with a banker that can help you. Good luck!

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com
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