Programs

Here is a brief explanation about some of the differents programs that we have:

• FULL DOC: borrower(s) need to present last two years W-2, last two pay stubs and last two bank statements. Income, assets and employment are verified.
   
• LIMITED DOC: if borrower is self employed 6 months bank statements will be needed. If borrower is as wage earner, most recent pay stub with one W-2 is required. Income, assets and employment are verified.
   
• STATED INCOME: Designed for borrowers who do not want to provide their financial information. Borrowers must state their income on the loan application and must provide last 2 months bank statements. Employment and housing history are verified.
   
• STATED INCOME STATED ASSETS: Designed for borrowers who do not want to provide their income or asset information. Employment and housing history are verified.
   
• NO RATIO: Income section on loan application is left blank. Last 2 month’s bank statements must be provided. Employment and housing history are verified.
   
• NO DOC: Neither income, assets nor employment are stated or verified. Only housing history is verified.