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Is the No Doc Equity Loan Available in TX?

Is the a No Doc equity loan available in Texas, excellent credit 800's Never Late, No derrogatories, , home worth 190K to 220K, owe 50Kmortgage, want 30K equity loan No doc. OR personal loan No Doc with reasonable interest rate. I can easily get a personal loan with my credit, but rates too high on personal loans. I want to consolidate credit cards. I pay out $900 mo and would like to consoldate. My Credit cards are 8.99% but that is compounded daily interest. Want fixed term with one lower payment. I can only prove about $2200 a month but reality about $3500. I am retire with Social security but have other income no proof.Common sense I am putting out $900 a month on credit cards never late, I can afford a consolidation loan of $25 to $30,000 short term perferred. by usatexanalltheway01 from Austin, Texas. May 2nd 2011 Reply


Timothy Singleton (TimSingleton)
#55 ranked lender in Texas - 15 contributions

Unfortunately, those programs are unavailable. You will need to provide verification of income and assets to qualify for this type of loan. Why do you desire a No Doc loan? If it's ease of transaction, the only documentation that would be extra would income documents and assets, so it's not that difficult. If you are worried about debt-to-income ratios, we can qualify you up to 50% debt-to-income. As long as the ratios work, I can put you into a 10 Year term. Let me know if I can help. 214-733-6899.

May 11th 2011
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