No Documentation Home Loans may be an excellent choice for borrowers who have difficulty documenting or even stating their income.

They are also good options for people who are in between jobs who need to use their cash equity. No job is provided with most no documentation loans.

Generally interest rates for no doc loans are higher. But borrowers with excellent credit and not leveraging their home to the max can often get a no doc loan for the same price of a full doc loan.

No documentation loans are good for people who recently became self-employed and don't have the traditional 2 years of being self-employed required by most lenders. No doc loans are also good for people who may have switched over from a salaried job to a commissioned job and they don't have the traditional 2 years history of being a commissioned employee.

These types of loans are ideal for people who recently changed careers, and for those whose personal financial privacy is needed.