No Doc Loans

Are you self-employed or earn money in ways that cannot be summed up by consistant salary paycheck stubs? If so, you are probably looking for a no doc loan, short for no document. This type of loan is designed for prospective borrowers who cannot easily prove the income they make on a month-to-month basis. All of the other information that goes along with a "normal" loan application is still required.

Lenders who offer no-doc loans will require some sort of financial statements, whether they be previous months earnings, certain bank statements, and other documents that show you earn enough money to pay off the loan.