About Power No Doc Mortgage

Power Mortgage specializes in mortgage programs that are designed to accomodate borrowers with special situations, specifically regarding documentation and credit limitations. Over the years their no doc mortgage (or “no documentation” mortgage) program has become one of their most popular product lines. Power No Doc is their website dedicated entirely to this popular line of mortgage programs.

What is a no doc mortgage? The terms “no doc” mortgage, and ”true no doc“ mortgage, was coined in the early 1990s by a New York Savings bank. They offered a radically agressive mortgage program that did not require ANY information whatsoever about your employment, income, or assets. In fact, it didn’t even matter if you had a job; there was no place on the application for your employment info, or income, or bank accounts. It really might have made more sense if it had been called a “no questions asked” mortgage. This is the type of no doc program that we offer.

Since these loans are based entirely on credit and property the requirements are somewhat more strict than that of many of the other programs offered by Power Mortgage. To qualify for a no doc mortgage you need a minimum credit score of 620.

Is a no doc mortgage right for you? No doc mortgages are designed for someone that does not want to, or can’t verify their employment. It is important to distinguish between employment and income. They are not the same! Do you have a job? Can we verify your employment? If so, you probably don’t need a no doc mortgage. Power Mortgage offers a vast selection of home loan types that do not require income verification.

Do you have questions about your own situation? Would you like to know what programs will work for you? We encourage you to call us. We’re easy to talk to! Give a call: (800) 842-5665.

Explore the world of no doc mortgages at Power No Doc Mortgage!

Power Mortgage, a Florida mortgage company, is a licensed mortgage broker business in Florida, Georgia, Massachusetts, and Virginia.