No documentation mortgage - no doc
No documentation mortgage - no doc
A no documentation mortgage, also called a no doc, is a real estate property loan that doesn't require the borrower to present paperwork to verify his income during the approval process. No doc mortgages are more expensive than fully documented mortgages due to the chance that the borrower might overstate his earnings.
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National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed | 4.83 |
| 15 yr fixed | 4.39 |
| 5/1 ARM | 3.69 |
Rates may contain points
