No-doc loan
No-doc loan
A shortened term for “No documentation loanâ€. When a borrower supplies a minimum amount of information and the lender makes their decision based on credit history and the size of the down payment. These loans typically have a higher interest rate.
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National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed |
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| 15 yr fixed |
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| 5/1 ARM | 3.99 |
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