I’m a mortgage broker with plenty of Piggington’s references.
Guidelines are guidelines. I’m not sure what you are trying to avoid
providing, but for salaried employees 2 recent pay stubs and W2 is all that is generally required for income.
Bank statements can often be avoided and no appraisal is needed in many cases.
Covid has caused a bit of disruption to underwriting but rates are the lowest they’ve ever been. 15yr-20yr-30yr
Having an 800 credit score and 80% equity doesn’t make it any easier to qualify for a loan. Some guidelines are just dumb. There are people who have $1 million or more in the bank with millions in assets who don’t qualify for a loan.
No cost/no point loans are usually available.
30 year rates are around 3.00% today, but may come with a small cost, well worth it for most people if they are at 3.25% or higher now.
There is no one rate that fits everyone and not everyone can qualify but I’ll be happy to see if I can help you if you wish to contact me.
Sheldon
PS: It’s very possible to close clean loans in 2-3 weeks.
some banks are taking 2-3 months and their rates are terrible
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