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Do they still have no doc loans for mortgages when you put 30%+ down?

I know no doc loans are gone but what if you put a substantial amount down?
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April 18 2009 - US
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Answers (6)

You can always borrow money somewhere somehow, at some rate and terms. If you are asking if the traditional no doc loan is available through normal channels the answer is no. 
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June 05 2009
Profile picture for FICO580
yes with a 701 and 4 tradelines, two must be active for 24 months you can purchase a primary,second or vacation home with 30% down.

True NO Doc.

I close these loans all the time. There are many non believers. But we are equity driven.

Rate is around 8% on a 7 year IO
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June 04 2009
No doc loans are gone for purchases no matter how much you put down.
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April 21 2009
If your a foreign national buying a second home (non- condo) in S. FLA, then yes, a stated income product is available at 70% loan to value.
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April 20 2009
M!,

Private Equity loan. About 50% Down around 12% 30 years due in 15. 3.5 points plus closing costs. Or, file amendments for your past two years tax returns to 45% debt to income and go Full Doc.. ..... Good luck, Rudi
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April 20 2009
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I know several No Doc Loans with 100% down......

Sorry, I couldn't resist!
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April 18 2009
 
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