Jackie Barikhan: Really don’t thought we shall have that once more since these version of fund, regardless of if money actually area of the picture, FICO is very important, downpayment is very important. You got to possess skin regarding the games, therefore surely got to provides reserves in order to perform a no-doc mortgage.

Very even though it sounds like the newest said income money out of 2008 and you can in advance of, it’s an alternate creature because it is borrowing from the bank-passionate, it is down-payment-driven.

You can buy property with no currency down, and you did not have having decent credit. Not recommended.

It score W-2s and you can shell out stubs and can reveal couple of years away from taxation productivity. Old-fashioned fund, FHA money, Va money, each of them fit into you to classification. Read more