What is a Jumbo No Income Verification Mortgage – Jumbo No Doc Mortgage?

A Jumbo no income verification mortgage is often referred to as a Jumbo no doc mortgage as the name implies, this type of loan does not require the lender to verify how much you earn, and is sometimes called NINJ mortgages, which stands for no income, no job. and it’s a loan that’s above the conventional loan limits. This limit is set by Fannie Mae and Freddie Mac, who purchase loans from lenders. If a loan amount is higher than $548,250 in most counties then neither of the two government-sponsored entities will purchase that loan but in counties such as Los Angeles and San Francisco loan amounts are allowed up to $822,375 before they are considered a Jumbo loan. Typically, both Fannie and Freddie buy the bulk of U.S. residential mortgages from banks and other jumbo lenders, freeing up liquidity to lend on more mortgages. We offer the best  Jumbo Mortgage Rates for a Jumbo no income verification mortgage, and we provide a lot more jumbo loan options than other jumbo lenders do.

The main difference between this loan and a bank statement loan or full doc loans is we don’t have to confirm a borrower’s income like tax returns and recent pay stubs like traditional mortgages.

The Benefits of applying for a No Income Verification Mortgage

  • ​Doesn’t require the borrower to provide documentation of income.
  • Low amount of paperwork.
  • The debt to Income Ratio does not factor into underwriting guidelines.
  • No Prepayment Penalty.
  • Rate and Term and Cash-Out Refinance options available.

Jumbo No Income Verification – No Doc Mortgage requirements?

1 Year Profit & Loss Statement Loans for Self Employed Borrowers!

  • 20% Down 80% LTV for Primary Residences.
  • 25% Down 75% LTV First-Time Homebuyers for Primary Residences.
  • 30% Down 70% LTV for Second Homes.

Requirements for getting a Jumbo No Income Verification – No Doc Mortgage?

  • The borrower’s credit score should be 720 minimum to be eligible.
  • Maximum loan amount 3,000,000.
  • Low reserves requirements.
  • Gift funds are allowed.
  • The programs are available for single-family residential housing (regular houses, townhomes, and condominiums).  Multi-unit, vacant land, and commercial properties are not eligible.
  • No BK or Short-Sales last 4 Years and Foreclosures in the previous 7 years.

25% Down & 75% Loan to Value Jumbo No Doc Loans available up to $3,000,000

We know the Jumbo Mortgage Business call us at (800) 986-4580

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Licensed in Florida and California only

Current No Doc Mortgage Rates

When you “CLICK HERE” you’ll instantly see today’s lowest rates. If you see an interest rate you like, you can click to head straight to request your Custom Rate Quote.

Comparing Current No Income Verification Mortgage Rates

When your shopping for a no doc Jumbo mortgage rate, we will get you the lowest interest rate possible, thus getting you the lowest interest rate that could save you hundreds of dollars a year and thousands of dollars over the life of your loan. Yes, having us find the best no income verification jumbo loan rate is a big deal.

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Our home loan experts are available 7 days a week to answer all your home loan questions. We don’t keep banker’s hours…. we understand that you have busy schedules, that’s why we’re available nights and weekends.

Eddie Hoskins Founder & CEO

Providing our customers with the lowest rates, personalized service, and loan options that you don’t get from big box lenders or banks. That’s he built E Zip Mortgage.

Why should you choose us for your home loan?

We work for you & not the bank, we offer wholesale mortgage rates which are lower than retail rates not to mention, we offer a wide variety of loan options so you’re not stuck with one set of restrictive underwriting guidelines.

Credit scores a little low?

We have a credit score analyzing tool that can provide us with options to improve your credit scores quickly through a rapid credit rescore that usually takes 48 hours.

“We Think Outside The Box”

Our “Outside The Box Thinking”  gets home loans approved and closed every day! From Bank statements as Income loans to 50% debt to income ratio approvals, we do them all.

We’ve streamlined the mortgage process, close in 30 days or less.

From application to closing, all from the palm of your hand.

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