No doc is not the same as stated. Even if he does go stated they will want a 4506 (which alllows them to get a copy of your tax returns). If they guy is active in the military or on any type of fixed income you are wasting your time. If the DTI is tight, but he has reserves, etc., you may have a chance FHA at 97%.
Also, PM me if you need to hang your license somewhere 🙂
