Bankrate notes that no income verification loans may also be called stated income loans. A traditional home loan may not be available to self-employed or commission-based salary individuals because a traditional home loan is based on credit worthiness and at least two years of tax returns.
No Income Verification. No Financials Needed. Loan is based on Equity in Investment Property. Interest Only Payments up to 5 Years. CONSTRUCTION & SPEC LOANS. No credit check. No Income Verification. Interest Only Payments up to 5 Years. May allow 2nd mortgages on Property. HARD money lending. investment Properties only. Loan is based on Equity in Investment Property or other Assets
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