The Real Estate Encyclopedia
How Much Of A Down Payment Is Required With A No-documentation Loan?
Category - Home Buying Questions - General Home Buying FAQ's

No-documentation mortgage loans are loans for which lenders require none to little documentation, as long as the borrower is able to put down a sizable down payment, typically 25 percent or more. This mortgage program is quite common among Self-Employed consumers who indicate they earn a certain amount of money but have tax returns that show their earnings are much lower.

Mortgage Questions - Mortgage Loans FAQ's
Home Buying Questions - General Home Buying FAQ's
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