No doc loan offered to me

[Scott Anderson]

I just got hit up by mr loan man for a no doc loan. Is this a scary sign for a market slump??

He’s also quoted me a 6.xx rate attached. Rates aren’t that high right now? Is that just for that product? It’s a conventional mortgage and sounds awesome for investors, but I think I can get a much better rate than that and should just go through the headache of a full approval loan with a better rate if I can.

Any insight from lenders? I wish I had private funding for all this to skip the FNMA stuff.