Pinnacle Financial Services

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For many reasons, Pinnacle’s No Doc loan is very attractive to business owners and the self-employed. No Doc loans require minimal verification making the process even more streamlined. Similarly, a stated documentation program eliminates most of the paperwork associated with a full-documentation loan. No Doc/Stated Doc loans make for less paperwork, fast pre-approvals, and quicker closings, because they require:

Doc Requirements	Full Doc	Stated	No Doc
Appraisal (unless waived)	X	X	X
Credit Report	X	X	X
Verification of Employment	X	X	---
W-2/pay stubs	X	---	---
Strong credit	---	---	---
Verification of Deposit	X	varies	---
Verification of Assets (bank statements, stock and bond accounts)	X	varies	---

As the lender, we will ask for documentation to prove your assets and other information. Whichever of these three loan types you choose will determine how much proof is required:

- Full Doc -	- Stated Doc -	- No Doc -
This program requires what its name implies - full documentation. This is the most common documentation type.	If verifying such information as your income and assets is difficult, you can go stated.	Requiring minimal documentation, No Doc takes Stated to the next level.
Fixed/Adjustable	Requires no income/asset documentation	Very quick transaction
Residential/Commercial/Investment	Can be quicker than a full doc loan	Is great for the self employed or commission based borrower
Can offer lower rates than the alternatives	Can be used by W-2 or self employed borrowers

Print Doc Requirements

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