what is stated income mortgage loans

#1 Stated income mortgage loans Self Employed – Stated Income Loans. Yes, we offer full Stated Income Loans & Stated Income Jumbo Loans from $150k to $5 Million! These loans are for borrower’s who prefer NOT to qualify with bank statements or tax returns.

Finding stated income mortgage lenders. You will need to have great credit, high downpayment and high income to get approved. Remember that stated income loans will have high interest rates and lender fees. However, these loans are still much less expensive than other investment loans, like hard money loans.

What about stated income loans? | Yahoo Answers – A stated income loan is a mortgage whereby we do not verify the income of borrower by looking at their pay stub, employee income forms, other records or income tax returns but borrowers provide reduced documentation and qualify by using bank deposits as proof of income.

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 · The detriments of a stated income loan could be that the interest rates most likely will be higher than a traditional mortgage loan, depending on the lender. The down payments can also be quite high. Many of the stated income loans are based on the equity position in a property.

Stated Income Loans | Exclusive Self Employed Loan Programs in CA – With a stated income home Loan, you simply state your income on the application, and the underwriters will review it based on your credit score, occupation, bank statements and other assets. We offer wide variety of home loan programs for self-employed buyers such as Bank Statement , Foreign Citizen Program , Investor , Asses Qualification.

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Stated Income Loans | Stated Income Mortgage Lenders – Stated income mortgage loans designed for borrower’s unable to qualify with their tax returns. Jumbo loans available to $15 Million+. Professional advise. stated income mortgage loans designed for borrower’s unable to qualify with their tax returns. Jumbo loans available to $15 Million+.

Stated Income Loans – No Income Verification Mortgage – Stated Income Loans. Many borrowers need stated loans and no income verification mortgage programs, die to the difficulties of documenting income with many types of jobs in today’s competitive global economy. The stated income loans that people became fond of a few years ago have disappeared.

Stated Income Mortgage Rates – StatedIncome.org – Stated Income Loan Interest Rates: How To Get The Best Deal When shopping for a stated income loan, the same rules apply when it comes to getting the best deal on your loan – shop around. Shopping lenders is the easiest way to save money on your new mortgage, because making banks compete for your business is good for you no matter what loan.

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