Apply Online          

     

Welcome to Carteret Mortgage!
 Your source for consumer information  

 

 



Option Arms



Construction/Perm

Interest Only Mortgage


Commercial Loans


Real Estate Investor


Refinance





















 

Jumbo No Doc Loans

Most lenders only offer No Doc loans and Stated Income loans up to the conforming limit of $417,000. At Carteret Mortgage, we consider ourselves experts in reduced documentation loans including jumbo no doc loans and we are now able to offer Jumbo No Doc loans above the conforming limit.

This series of  jumbo no doc loans is designed for individuals, frequently self employed, who do not choose to document either their income, employment, or assets and need loan amounts up to $1,000,000. Unlike jumbo loans in the conventional world, jumbo no doc loans and jumbo stated income loans do not carry higher interest rates than similar conforming limit products but there are loan to value limitations. Please call or email with the specifics of your situation. Please see below for more information on the No Doc suite of products.

NO Doc Loans

Jumbo No Doc loans require nor allow no employment, income, or assets to be stated on your loan application. No information is verified beyond your credit profile and value of the property. We allow as little as a 10% down payment on jumbo no doc loans. If you have past credit issues you will need a slightly higher down payment but I can still get the loan done. Rates are 1 to 1.5% higher than conventional financing and are available on both fixed rate and adjustable mortgages. More detailed information on Jumbo No Doc Loans

No Ratio Mortgage

A No Ratio loan is a good choice as you do not state any income information and your rate will be less than for a No Documentation loan. Because we do not need income information, no debt ratios are calculated. We will however, need to verify employment and assets. More on No Ratio Mortgages.

Stated Income Mortgage Loan

Stated income mortgages are the least expensive option. We verify employment and assets, income is stated on the application but not verified. Your stated income must be reasonable for your occupation and assets. Rates are usually only .500% above conventional rates. More on Stated Income Mortgages.

 

 

Property and Occupancy types

No Documentation Loans allow purchasing or refinancing a single family, townhouse or condo. An investment property or Vacation home is acceptable.

Many of my clients are converting from fully amortizing payments to an interest only approach with a significantly lower monthly payment. I have some extensive information available. Read more to see if this powerful tool could work for you.

Read more about Jumbo No Doc Loans Closing Costs

Be sure to visit the Mortgage Library.

Learn more about investing

As a Certified Mortgage Planning Specialist, I offer an analysis of your situation today can make suggestions on how small changes in how your debt is structured today can have a life changing effect in the years to come.  Read more about this free, no obligation service.

New!

Jumbo No Documentation Loans Prequalify for your Jumbo No Doc Loans

   Home Equity    Interest Only Mortgage  Investor Loans  Jumbo  Mortgage Links   Reverse Mortgage  No Downpayment Loan   Refinance Center   Site Map  Vacation Home Loans   Commercial Loans   Home

Certified Mortgage Planning Specialist


NEVER an Origination Fee!

Extensive consumer information on construction,remodeling, first time homebuyer,and no documentation mortgages.                                                                                                                       VA Mortgage