When you apply for a mortgage, you are asked for a sizable amount of documentation long before you start filling out the forms that your mortgage lender requires. In fact, lending institutions often want to see proof of employment dating back 12-24 months, pay stubs that show how much you bring home every pay period and previous income tax returns.

The amount of documentation required before you can even formally apply for a mortgage can be overwhelming. After the mortgage crisis of 2008, the lending criteria used by most mortgage lenders became even more intense than it was before. If the documentation process doesn’t make applying for a mortgage impossible for you, it still makes it inconvenient and frustrating. Fortunately, that’s where NonQMDirect.com comes in.

Common Documentation Issues

There are plenty of reasons for mortgage applicants to be unable to provide the type of documentation that many lenders require. For instance, if you’re applying for a loan and your lender requires you to show two years of employment with the same employer, you’re automatically disqualified if you’ve changed jobs any time within the last two years. Employment documentation is also difficult for many first-time homebuyers who are trying to purchase a property shortly after graduating.

Recent college graduates who have focused on their education instead of working are also left on the outside looking in due to the tax documentation required by many lenders. If you haven’t worked over the last few years while finishing up your studies, you won’t have the kind of tax documentation that many lenders require. Does that mean you shouldn’t be able to purchase a home now that you’re ready to start your life? Absolutely not! 

Simplified Mortgages for Real Estate Investors

While traditional lenders require to provide proof of income that goes back years with the same employer we understand that doing so isn’t always possible and take a non-traditional approach in making your dream come true.

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Who Benefits from Low Doc, No Doc Mortgages?

There are several groups of people who can benefit from the Low Doc, No Doc mortgage application process offered by NonQMDirect.com. Some of those people include:

• New Business Owners: Opening your own business is part of the American dream. However, it can take years to compile the kind of financial health that many lenders require. 
• Young Workers: Recent college graduates who have just entered the workforce often have to spend years renting a home that they’ll never own while building up the kind of income history that lenders require.
• Self Employed Workers: Self employed individuals are regularly forced to seek alternative mortgage funding based on the fact that they work for themselves. They often have debt because they’ve invested in their own business, making matters worse.
• People with Investment Income: Whether you’re retired living off of your investments or someone who built an impressive investment portfolio early in life, some lenders don’t want to work with borrowers who rely on investment income as a means of repaying a loan.

There are certainly other groups that don’t meet conventional mortgage documentation requirements. Fortunately, our team of lenders at NonQMDirect.com are happy to work with anyone. We understand that every loan application is different, and we treat them as such.

Contact us today to find out how we can help you.