Beth - your broker is absolutely correct. Stated income programs went away (for the most part) along with the lenders that offered them in the past.
Did your broker fully review your tax returns to confirm your eligible income?
And where are you at with your 2012 tax preparation?
This is the time of year when loan officers can actually counsel their clients towards how much adjusted income to report so they have qualifying income for their home purchase...
As the responder from Amerisave mentioned, there are stated income loans out there, and they do have much higher fees/rates involved....so it really boils down to assessing how badly you want to buy a home, and what compromises you'll consider making!
Let me know if I can be of further assistance and good luck!
If you are purchasing the lot it will be reaseassed at the sales price if the county thinks it is fair market value. If it is a lot that is not being purchased and you feel the taxes are too high, you will need to take 3 recent comperable sales to the assessor and ask to have the taxes reduced. Hope that helps!
Patty Marken... more