There are no more NO DOC loans (for the most part)
But there are new loan programs out called Stated Income Alt that are very flexible
Stated Income Loans in Florida http://www.StatedIncomeAlt.com
Stated Income Alt loans are saving and creating deals! These are very flexible programs, but unlike the old stated income type loans prior to 2006, these new Stated Income Alt loan programs require that the borrower at least prove the â€œAbility To Repay The Loanâ€
The lenders that are offering these new Stated Income Alt loan programs donâ€™t make their decision completely off the tax returns like 99% of other Banks do!
Assets for Income
Cash Flow from Bank Statements
Rental Property Income (okay if recently rented or underwater in many cases)
Expected Income from contracts and/or settlements
Non- Occupant Co-Borrowers
and much more...
For a quick view of these programs go to: http://www.StatedIncomeAlt.com
Pro Option Mortgage
Ph: 888 662 4404