Backov and L0stMind, I just talked to a friend and he said if you put 20% down, he could do a 30-year fixed for 6.375% if the loan is conforming (under $300K). You'd just have to be self-employed for at least 2 years and show some minor documentation to that effect. And have a 700+ credit score.
A true no-doc loan would have a higher interest rate. If you guys are in California, Colorado or Florida, a good friend of mine can help you if you want. If you are elsewhere, any good mortgage broker can help - and i might know someone else here that could work with you guys.
check out this article for more info, or search for 'no doc mortage' or google.
http://moneycentral.msn.com/articles...asics/8968.asp