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  2. No-doc mortgage: What is it and can you still get one? - AOL

    www.aol.com/finance/no-doc-mortgage-still-one...

    A no-doc mortgage — also referred to as a no-income verification mortgage — does not require a lender to verify how much you earn with pay stubs and W-2s. These types of loans are also ...

  3. Best lenders for low- and no-down payment mortgages in 2024 - AOL

    www.aol.com/finance/best-low-no-down-payment...

    Availability: All U.S. states Loans offered: Conventional, jumbo, FHA, VA Credit requirements: 650 for conventional loans, 700 for jumbo loans, 620 for FHA loans Down payment minimum: 3% for ...

  4. How to buy a house with low income - AOL

    www.aol.com/finance/buy-house-low-income...

    A mortgage credit certificate (MCC) is a federal tax credit that can help low- and moderate-income or first-time buyers offset some of the money they owe in mortgage interest. Unlike a tax ...

  5. No doc loan - Wikipedia

    en.wikipedia.org/wiki/No_doc_loan

    No-doc loans are also controversial in the US. They had higher interest rates and higher fees. They became popular during the housing bubble of 2004-6. Around 2005, low- and no-documentation loans stopped being an obscure and specialized type of loan for borrowers with fluctuating or hard-to-verify incomes,

  6. No income, no asset - Wikipedia

    en.wikipedia.org/wiki/No_Income,_No_Asset

    No income, no asset (NINA) [1] is a term used in the United States mortgage industry to describe one of many documentation types which lenders may allow when underwriting a mortgage. A loan issued under such circumstances may be referred to as a NINA loan or NINJA loan .

  7. Home Affordable Refinance Program - Wikipedia

    en.wikipedia.org/wiki/Home_Affordable_Refinance...

    Take for example a house that was purchased for $160,000 but is now worth $100,000 due to the market decline. Further, assume the homeowner owes $120,000 on the mortgage. In this scenario, the loan-to-value ratio would be 120%, and if the homeowner chose to refinance, he would also have to pay for private mortgage insurance.

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