Stated Income Loans in 2017. Just a few years ago, stated income loans were very popular and there were plenty of stated income lenders who had flexible guidelines and low stated income rates. Then the housing crisis hit and lenders began pulling their stated income mortgage programs.
Do stated income loans exist in 2019? Stated income loans do exist but they are different now than what they used to be prior to the housing bubble. We will take you through your options, what you need to qualify and where you can find one of these loans from stated income lenders.
Why? Simply put, there is no income documentation and you will not be required to show any financial statements. ORACLE LOANS is proud to offer some of the most diverse, competitive, and flexible business lines of credit options. Among these programs, one definitely stands out from the rest; the Stated-Income Business Line of Credit.
We offer stated income loans, jumbo loans and super jumbo loans from $150k to $50 million. We’re a favorite among self employed, business owner’s and investor’s unable or unwilling to use their tax returns to qualify for a mortgage.
The Stated Income Mortgage Loan Program is one of the most flexible lending options available to real estate investors. Why? Simply put, there is no income documentation, no income verification, no tax returns; and on most transactions (refinances) you will not be required to show any bank statements.
Get the best rates on stated income and bank statement home loans at Truss Financial Group using no tax returns. Truss Financial Group is the biggest stated income lender. a 760 credit score, 70% LTV, no cash out, loan amount of $397,000, on a 7/1 ARM amortized over 30 years. effective 5/9.
No doc, stated income, bank statement, pleged assets, asset based, and other low or no proof of. NON-TRADITIONAL INCOME LOANS IN 2019 and beyond.
If you are buying a home and had low income reported on your tax returns use this program in lieu of full-doc programs with just as little as 10% to 20% down on primary residence or as much as 85% loan to value on refinances without cash out. Our loans go up to $5,000,000 for our Bank Statement Loan Program of 2018 Call for details.