Looking to apply for mortgage loan BUT W/ STATED INCOME?
Currently it is tough to locate a loan company who is willing to grant a mortgage loan using stated income. Due to the mortgage crisis adjectives lenders require a full blown verfication of all docs.
Does anyone know of any brokers or lenders who still issue mortgage loans based on stated income?
Answers:
If you enjoy a credit score of over 740 and your loan to value is smaller amount than 80% somewhat stated loans still exist.
Yes those types of loans still exist but you will need to hold very good credit and money to put down. Source(s): www.aboveallmortgage.com
I am not have any trouble. Just use your tax returns, that works as proof of income.
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Mortgage companies that veto to lower principle symmetry on here loans for modification?
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Does anyone know of any brokers or lenders who still issue mortgage loans based on stated income?
Answers:
If you enjoy a credit score of over 740 and your loan to value is smaller amount than 80% somewhat stated loans still exist.
Yes those types of loans still exist but you will need to hold very good credit and money to put down. Source(s): www.aboveallmortgage.com
I am not have any trouble. Just use your tax returns, that works as proof of income.
Related Questions:
Mortgage companies that veto to lower principle symmetry on here loans for modification?
Lower PRINCIPAL balance? Why should they do that? I think it would be EXTREMELY fair on the bank's part if they even agreed to lower the interest rate or extend the length of the loan to lower monthly payments. ...