Elegant Loans - Wholesale Mortgage Brokerage

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You are here: Home / Minimal Docs Loan

Minimal Docs Loan

No Income Loan
Income & employment docs not required.

•  Qualification is based on Down Payment, Reserves, and Credit Score.

•  20% Minimum Down Payment (gift funds are acceptable)

•  6 Months Reserves (740+ Credit)
12 Months Reserves (700-739 Credit)
18 Months Reserves (680-699 Credit)
24 Months Reserves (640-679 Credit)

•  640 Minimum Credit Score

•  No Debt-to-Income Ratio or Employment Requirements.

•  Seller Credit allowed up to 6% of Purchase Price

•  HUD-approved Homebuyer Education Course is required.  Takes about 5 hours online.  $75.
https://framework.frameworkhomeownership.org

•  Loan Amounts $100,000 to $3M

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© 2023 Elegant Loans, Corp.
5811 Memorial Hwy #201
Tampa, FL 33615
+1 727 734 5051
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