Mortgage loan without proof of income. Idaho

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Calculation example: with a loan amount of USD 100,000 at 10% per annum, for a period of 1 year, the total amount to be repaid will be equal to: USD 105,499.06, with a monthly payment: USD 8791.59. The consequences of not paying the loan are regulated by the legislation of USA.

    Mortgage loan without proof of income.

    A mortgage without proof of income is often referred to as an undocumented mortgage, as the name suggests. This type of loan does not require the lender to verify how much you are earning and is sometimes referred to as a NINJ mortgage, which means "no income, no job" and is a loan that is above normal loan limits. Requirements for obtaining a mortgage loan without proof of income - a mortgage loan without documents ?
    The borrower's credit rating must be at least 640.
    The maximum loan amount is 3,000,000.
    Loan amount from 200,000 US dollars.
    Low reserve requirements.
    Gifts are allowed.
    Programs are available for individual housing (regular homes, townhouses and condominiums). Multifamily, vacant land and commercial property are not eligible.