No Income Verification Home Equity

Are you seeking a no income verification home equity loans and are tired of being denied because you are self-employed? Are you tired of explaining how your income fluctuates? At Home Equity Mart, our number one goal is to help our customers find the right home equity loan, even if you do not have the ability to document your income. If you are seeking a home equity loan that required a reduced amount of documentation, we will connect you to a lender who can get you approved a for a stated income home equity loan. We are dedicated to making sure that your home loan experience is as painless and stress free as possible. Apply now for a free, no-obligation quote, and let us help you reach your financial goals today!

Find Home Equity Loans with No Income Verification Required

Are you looking for a lender that approves no income home loans? HEM can connect you with several NIV loan programs that offer stated home equity loans and refinancing for people with reduced documentation.

  • No Income Verification
  • Stated Income
  • Stated Assets
  • Reduced Documentation
  • Self-Employed OK

Self-employed homeowners may encounter challenges qualifying for traditional home equity loans due to their fluctuating income and stringent documentation requirements from lenders. Alternative reduced documentation equity loans, often referred to as bank statement loans, provide a solution by employing different methods to assess eligibility while still complying with the ability-to-pay standards outlined in the recently passed Congressional bill, the Frank-Dodd act.

In bank statement loans, lenders rely on the scrutiny of bank statements, typically spanning two years, to verify a borrower’s income instead of traditional documents such as tax returns and recent pay stubs. Each second mortgage lender has distinct underwriting criteria to calculate net income (income minus business expenses and taxes). If one home equity lender’s requirements are not met, there may be others with more favorable terms.

Bank statement loans are available through non-QM lenders, standing for non-qualifying mortgage lenders. This designation simply means that the no income verification home equity loan cannot be sold to traditional banks, as most mortgages are. It’s important to note that not all lenders offer non-QM equity loans, so thorough exploration is essential.

125% LTV fixed-rate Home Equity loans
Check out 2nd mortgages that allow you to exceed the value of your home.
Home Equity Loans for people with bad credit
Start re-building your credit today, even if you have a poor past credit history with bankruptcies and late payments. Loans were created, so you can pay off past due loans & bills with a low rate home equity loan.

Debt consolidation home equity loans
Stop the compounding payments that are going up each month. Refinance the interest of your credit cards, and consolidate your bills into a fixed rate loan that is tax deductible.

Equity line of credit
Lines of credit offer the flexibility to only pay interest for the amount you access. Home equity lines have adjustable rates that do fluctuate. Get Prime HELOC’s now with a lender in your region.
Stated Income Home Equity Lines for self-employed
No income Verification required! If you own your own business this 2nd is for you!

100% Home Equity financing
Close your purchase loan with no money down by adding a home equity loan to your purchase loan. This will help get rid of mortgage insurance, and you can put your hard earned down payment back in the bank.