Getting a mortgage without income or employment verification can be difficult, but it's not impossible. There are a few lenders who offer loans without income verification or proof of employment. Here at Prominence Funding, the top-rated lending company in Glendora, CA, we can help you get the funds you need. If you're interested in getting a mortgage loan without having to verify your income or employment, here are some tips that will help you get started.
CDFI Loan
One option you have is to try and get a loan from a Community Development Financial Institution, or CDFI. CDFIs are financial institutions that focus on lending money to those who are unable to prove income or employment. They offer a variety of loans, including mortgages, without requiring the typical income and employment verification.
Benefits of CDFI Loans
The benefits of getting a mortgage from a CDFI include:
No income or employment verification required
Credit underwritten based on loan-to-value, FICO and liquidity
Primary and second homes
Income documentation not required
Income not stated
Debt-to-income (DTI) not calculated
UP to 80% LTV
Loans up to $3 million
FICO as low as 640
CDFI loans can be incredibly beneficial for those trying to get a loan without verification. If you're interested in learning more, your best bet is to contact Prominence Funding or a few CDFI lenders in your area and see if they offer this type of loan.
Requirements of CDFI Loans
Not all CDFI lenders offer the same type of loan. Some may require you to have a lower credit score, while others may not have any income verification requirements. It's important to do your research before applying for a loan so that you know what the requirements are.
Meet with Prominence Funding
If you're looking for a reliable and trustworthy mortgage broker who offers loans without verification, Prominence Funding is your best bet. We offer a variety of mortgages to our clients, including those who need a loan without verification of their income and employment. Here at Prominence, we can help you get a CDFI loan and get the funds you need.
If you're looking for a mortgage loan without having to verify your income or employment, there are a number of options available to you. Contact Prominence Funding to answer any questions you may have and to get started on your CDFI loan today!