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Stated Income Loans |
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Are you self employed? or do not have documentation of earned wages to state a wage and qualify for a mortgage based on that stated income?.
Or, If you just don’t want to jump through all the hoops and provide all the documentation required for most loans, then check out our No Income / Asset verification programs.
The advantages to a stated income loan are that the borrower does not need to verify income and approval is generally faster than with traditional loans offered by most mortgage institutions.
The disadvantages to this type of loan is that interest rates are often higher and the down payment required for the loan is also typically higher than with traditional loans because this type of loan is less secure for lenders than traditional ones.
To get help calculating your stated income amount contact one of Custom Construction Financing representatives and let us help you get the loan application process started. Also see Sub Prime Loan information for those who may qualify.
For a Free Rate Quote and Pre-Approval Click “Apply Today” Then Choose The Short Application or Call: 1-360-993-5905 |
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Having Trouble Proving Income? We Have The Solution! |