Stated Income · Stated Asset
For the investor who just wants to close — no credit report, no income docs.
WMB No Doc (ND2) is a stated-income, stated-asset program for entity-vested investors in CA, NV, and TX. No FICO, no income or employment verification, no DTI, no DSCR, no TRID.
- Max LTV
- 70%
- Loan Amounts
- $100K – $5M
- Credit
- No report / no FICO
- States
- CA · NV · TX
The lightest-touch file we offer
WMB No Doc (ND2) is built for experienced, entity-vested investors who want maximum speed and privacy. There's no credit report or FICO, no income or employment verification, no DTI, and no DSCR — qualification is stated-asset, structured as a 5-year balloon on a 30-year amortization.
Program highlights
- No credit report / no FICO
- No income, no employment, no DTI, no DSCR
- Stated asset — minimum stated asset = down payment + closing costs + 60 months' PITIA
- No TRID
- Foreign national borrowers allowed
- Non-warrantable condos allowed
- Impounds not available
Key guidelines
| Parameter | Guideline |
|---|---|
| Occupancy | Investment properties only (1–4 units) |
| Eligible states | CA, NV, TX only |
| Loan amounts | $100,000 – $5,000,000 |
| Max LTV | 70% ($3M) · 65% ($4M) · 60% ($5M) |
| Borrowing entity | LLC or corporation only — individuals not eligible |
| Structure | 5-year balloon, 30-yr amortization (365/360) |
| Reserves | 36 or 48 months of P&I deposited into an investor-selected bank |
| Prepayment penalty | 1-year PPP, 3% |
| Points & fees | 3% maximum |
| UW fee | $1,495 (+ $695 closing-docs prep fee) |
Entity documentation
Because ND2 lends to entities only, expect to provide, depending on structure: Articles of Organization or Incorporation, Statement of Information, Operating Agreement or Bylaws, EIN (IRS Form SS-4), and documentation of ownership interest.
Pricing & locks
For current pricing and to lock, contact your Account Executive or the Lock Desk at (714) 576-2152 (lockdesk@wmbankers.com). Note that ND2 locks and relocks are subject to investor approval.
For use by licensed mortgage professionals only; not for distribution to consumers and not an advertisement for the extension of credit to consumers under Regulation Z, §226.2. This is not a commitment to lend. ND2 is a business-purpose loan for non-owner-occupied investment properties only. All loans are subject to credit approval, property appraisal, and program guidelines, which are subject to change without notice. Fidelity Lending Solutions, Inc., a California Corporation, d.b.a. Wholesale Mortgage Bankers. 2650 East Imperial Hwy., Suite 110, Brea, CA 92821. Licensed under NMLS ID #922372, California DRE #01914566, Colorado, Florida #MLD2268, Georgia #922372, Washington CL-922372. Equal Housing Lender.