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Stated Income Mortgage Loans

What is a Stated Income Mortgage Loan? A stated income loan is for borrowers who do not wish to provide income documentation (W-2's, tax returns, etc.) to get approved for a loan. Stated Income Loans are typically used for small business owners, independent contractors, commissioned sales people and others who do not have the required two years of documented income to qualify for a new mortgage. Compare Multiple Loan Offers - You Choose the Rate! Click Here!

How do Stated Income Mortgage Loans work? The borrower simply states his or her income on the loan application for the current and previous years. The income is not verified by W-2's, tax returns or any other method. As long as you meet the loans criteria for credit score, debt to income ratio (DTI) and down payment, then the process is pretty quick and easy. Compare Multiple Loan Offers - You Choose the Rate! Click Here!

Do Stated Income Loans Cost More or Have Higher Rates? Not typically. As long as you meet the lenders minimum requirements for credit score, DTI, down payment and other factors, you should not see any higher rate or fees for stated income loan programs. Compare Multiple Loan Offers - You Choose the Rate!

How Do I Apply?
Applying is very simple. Simply complete our short inquiry form and get up to 4 lenders to contact you to discuss stated income programs. Remember, this form will not affect your credit and it is NOT a loan application.