Comments on: Stated-income loans making a comeback

By: CrankySaver

CrankySaver — Thu, 06 Jan 2011 17:08:48 +0000

This post is now more than a year-and-a-half old and we’ve gotten an increasing number of shady comments over the past month. (Comments that we have diligently removed). So we’re closing comments on this post as of Jan. 6, 2011.

By: Josh in Nashville, TN

Josh in Nashville, TN — Thu, 30 Dec 2010 16:26:36 +0000

I know a lot of people that purchased their house with a no verification mortgage and the majority are good and hard working individuals and without a stated mortgage they very likely would not have been able to buying. This kind of loan options in my opinion are not all bad, they just need to be more tightly regulated and not coupled with no money down.

By: Adam

Adam — Thu, 09 Dec 2010 01:16:33 +0000

I am suprised at the amount of missleading information. If you havmortgage questions or need mortgage service just call me, 310 749 0580. I can service any state. I dont BS. If there is a solution for you then I will get it you, If not then I will tell you right away.

By: Ros Valsume

Ros Valsume — Wed, 08 Dec 2010 21:36:55 +0000

George,
A lot of people want stated income loans because they are self employed and have no W2’s. If a W2 needs to be produced then how is it “stated” income?
My husband and I are seeking a SISA loan. If you or anyone out there can provide this to a Colorado resident please email me @ aussierjv@yahoo.com

By: George

George — Mon, 06 Dec 2010 22:46:28 +0000

As wholesale lenders we have a stated programs, though its available in 50 states this program requires semi-documentation with verification of W2s but, no tax returns. The interest rates and terms can vary, yet currently about 6.0% -8.75% for 5-Year ARM with a max. loan amount at $875K.Score must be over 680…

By: Ros Valsume

Ros Valsume — Sun, 14 Nov 2010 20:04:37 +0000

Interested in finding out what stated income loans, NINA loans etc are available to Colorado residents. Husband has been self-employed for around 40 years.

By: David Marks

David Marks — Thu, 04 Nov 2010 22:39:47 +0000

We are doing stated income loans in 17 states. Terms change state to state. Broadest program is 620 FICO, 80% LTV to 729K, tightest 700 FICO, 3M loan amount, 50% LTV. we have several other programs as wel incuding non-warrantable condos, foreign nationals, condotels, up to 15 properties financed, etc. Contact me for more info david@finance1online.com.

By: Richard Koch

Richard Koch — Tue, 02 Nov 2010 18:27:57 +0000

I have stated programs in ,NY,NJ,CT please contact for more info 516-376-2142

By: Steve

Steve — Sun, 24 Oct 2010 11:28:57 +0000

These loans still exist in Florida!

STATED INCOME/ALT., STATED INCOME /ALT., STATED INCOME/ALT. Up to 75% using Alternative forms of income like Bank Statements, Assets, etc
(Note: not doing any loans under 100k on this program)

NO DOC, NO DOC, NO DOC, NO DOC up to 50% will not list any income, job or assets on application
(Note: not doing any loans under 300k on this program)

Also, there are HELOCS up to 94% in west central FL and up to 89% in other FL counties on primary and 2nd homes too, but HELOCS are all FULL DOC and require STRONG CREDIT

Contact: Steve@pro-option.com 888 662 4404 http://www.pro-option.com

Note to all Brokers and Lenders: I am a Broker, so please don’t contact me unless you have a REAL deal that is already under a sales contact and need to Co Broker a deal that you can’t get done. I’m open to a 50/50, but you must be Lic. in FL as well.

By: Robert

Robert — Tue, 19 Oct 2010 20:26:09 +0000

STATED (VOE) IN CALIFORNIA

STATED (VOE) Conventional Loan Product. It only requires 20% down. Rates a very close to Market Rates (and not hard money, like most of the other lenders).

Please visit NestLending.com/Stated.html