Alt-Doc Loans

Alternate-Documentation Loans are designed for borrowers who are unable to provide traditional proof of income. This is a great program for self-employed or contracted workers whose tax returns may not support their full purchasing power. Typical documentation for loans consists of tax returns or the submission of documentation that is verifiable with a third-party service. Alternative Documentation loans can be done for clients with credit score as low as 660. These loans often offer more flexibility than conventional/traditional loans. The lender accepts the documentation the borrower provides, without necessarily needing to go through a time-consuming process of validating all the information with a 3rd party.