No Income Check Mortgage

Cardinal Mortgage Offers Alternative Mortgage Solutions that Banks & Traditional Lenders Simply Cannot Offer! 

Available for properties located in New York, New Jersey and Connecticut.

Lite Documentation / No Income Check Mortgages

Applicants may qualify for mortgage loans with greatly reduced documentation.

Highlights:

  • Both self-employed and salaried (wage earners) borrowers are eligible
  • Owner Occupied, Single Family Homes, 2-4 Family Homes, Condos and Coops are eligible
  • Second / Vacation Homes also eligible
  • Purchase, Rate and Term and Cash Out Refinances available
  • Loan amounts to $3,000,000
  • No Paystubs, W-2 Statements or Tax Returns required
  • Assets: One month’s bank statement / 100% gifts allowed

See details on the Lite Documentation and No Ratio (No Income Check Mortgages) below:

  • Lite Documentation
    • Self Employed and Salaried (Wage Earners) are eligible
    • Interest Only Feature Available (Save Hundreds on Monthly Payment)
    • 80% LTV (Loan to Value) on Purchases and Rate and Term Refinances
    • 75% LTV (Loan to Value) on Cash Out Refinances
    • Self Employed Documentation Required:
      • Self Employed at least one year and same line of work at least two years
      • Employment and Income is stated on the application
      • Business License / Certification / Credentials to be provided
      • 12 Month Profit and Loss Statement signed by the borrower
      • CPA, Accountant or Tax Preparer Letter verifying the following:
        • Business Inception Date
        • Borrower’s position and percent ownership
        • Letter must be on professional’s letterhead, signed and dated
        • Letter must include the professional’s license or PTIN
        • License or PTIN must be verifiable by the state
    • Wage Earner Documentation Required:
      •  Employed for at least two years
      •  Employment and Income are stated on the application
      •  WVOE (Written Verification of Employment) will be sent directly from lender
      •  WVOE must verify two years of employment, but only one year of income
      •  Validity check on the employer will be performed by the lender
  •  No Income Check Mortgages / No Ratio
    • Self Employed and Salaried (Wage Earners) are eligible
    • Interest Only Feature Available (Save Hundreds on Monthly Payment)
    • 80% LTV (Loan to Value) on Purchases and Rate and Term Refinances
    • 75% LTV (Loan to Value) on Cash Out Refinances
    • Neither Employment nor Income are stated on the application or verified by the lender