STATED INCOME MORTGAGE LOANS
Designed Specifically For Self Employed Individuals
MORTGAGES DESIGNED FOR STATE INCOME
If you’re self-employed or have a fluctuating income, it can be difficult to qualify for a traditional mortgage. A stated income mortgage is an alternative that allows you to state your monthly income without providing proof of it. This type of loan is also known as a no doc mortgage or low doc mortgage.
- Common stated income mortgages require:
- Large amount in savings
- High credit score requirement (700+)
- Bank statements are needed
- High level of income
Lending Warehouse can guide you through all of the available options
If you’re looking for a mortgage and don’t have the best credit history, you may be considering a stated income mortgage. This is an loan that allows you to state your income, rather than providing proof of it. There are many benefits to choosing this type of mortgage, but there are also some risks. In this blog post, we will discuss the 10 best ways to get a stated income mortgage. We will also talk about the pros and cons of this type of loan so that you can make an informed decision! If you’re self-employed or have a fluctuating income, it can be difficult to qualify for a traditional mortgage. A stated income mortgage is an alternative that allows you to state your monthly income without providing proof of it. This type of loan is also known as a no doc mortgage or low doc mortgage.
WHAT IS STATED INCOME MORTGAGE LOANS?
A stated income mortgage is a type of loan where you state your monthly income without providing proof of it.
The main benefit of choosing a stated income mortgage is that it’s easier to qualify for than a traditional mortgage. This is because the lender doesn’t have to verify your income. If you have good credit, but don’t have proof of your income, a stated income mortgage could be a good option for you.
ARE STATED INCOME JUMBO MORTGAGES AN OPTION?
Yes, stated income jumbo mortgages are an option. Jumbo mortgages are loans that are over the conforming loan limit.
If you’re looking for a stated income mortgage, Lending Warehouse can help.
DISCOVER INVESTMENT MORTGAGE OPTIONS
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