Who should apply for No Income Verification loans?
The "No Income Verification" feature is designed specifically for self-employed, non-salaried or commissioned borrowers as well as salaried borrowers. This feature eliminates the need to verify earned income, although assets and unearned income must still be verified.
This feature is offered on several of Commercial Niche Financing - Specialized Capital's fixed rate conforming and non-conforming products.
Income is not stated or verified.
Assets are not stated or verified.
Employment, income, and Asset information is completely omitted from the 1003 application. Name, address, SS#, Drivers License and other identity disclosure documentaion is usually all thats required for a No-Doc Loan.