Financing in 36203>Question Details

Mrs. O, Home Buyer in 36203

Stated Income Mortgage Loans?

Asked by Mrs. O, 36203 Thu Aug 20, 2009

Are any lenders still providing stated income mortgage loans? What general interest rate increase are we looking at with credit score of 770 ?

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They are a few banks that still offer stated. I have a local bank here in NJ that will do stated for self employed borrowers only. They require half a years income in assets. SO if you make a 100k, i need to see 50k liquid. I would try local banks or credit unions to find what you are looking for...Good Luck
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