To clarify: You are looking for a no doc loan to purchase a home with 50% down payment on a purchase of $239,000?? If that is the case, I only know of hard money lenders that will do that. Long are the days of banks and conventional lenders doing those risky loans. I have only worked with one hard money lender in the area. They lend strictly on the equity of the property and not the qualifications of the buyer. You pay more up front and the rate is high, but considering they don't check employment or credit that is the trade off.