Posted on: 13th Jul, 2010 08:14 am
we are trying to miove back to new england from cleveland. but without est. jobs (i'm a nurse, my spouse is a sub contractor /home inspector), we will be hard pressed to get a mortgage rather than have to rent. even with a larger down payment. is it possible to apply here in ohio for a no doc or nina loan to use to buy in nh or me? then refinance at a lower rate a couple years down the road.
There are rumors of the "No Doc" loan making a comeback, but I do not know of any lenders offering them.
"http://abcnews.go.com/Business/mortgage-surprise-liar-loans-make-comeback/story?id=11110951"
[Link deactivated as per forum rules. Thanks.]
"http://abcnews.go.com/Business/mortgage-surprise-liar-loans-make-comeback/story?id=11110951"
[Link deactivated as per forum rules. Thanks.]
Rumors aside, finding a lender in the midwest willing to provide funds for a purchase in New England is going to be awfully difficult. You're better off seeking a national lender that has ties in both areas; often a local branch can refer you to a branch location nearby where you're trying to purchase. No-doc, though, is a rare bird.
