low-doc loan

low-doc loan
A loan or mortgage where the borrower provides only limited proof of their income.

Low Doc loans are a flexible solution for self-employed people who have income and assets, but are unable to provide the required financial statements or tax returns at the time of application.


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  • low-doc loan — /loʊ dɒk ˈloʊn/ (say loh dok lohn) noun Colloquial a loan from a lending institution, such as a bank, for which minimal documentation of the borrower s ability to service the loan is required. Compare no doc loan. Also, lo doc loan …  

  • No doc loan — A No Doc or Low doc loan (abbr: No/Low Documentation Loan) refers to a finance product commonly offered by a mortgage lender to consumers who cannot qualify for normal loan products or do not wish to give up their financial privacy. However… …   Wikipedia

  • no-doc loan — /noʊ dɒk ˈloʊn/ (say noh dok lohn) noun Colloquial a loan from a lending institution, such as a bank, for which no evidence is required of the borrower s ability to service the loan, other than the borrower s warranty. Compare low doc loan …  

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