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Are lenders still doing stated income loans?

by barnett214 from Walters, Oklahoma. 11 days ago Reply

Sara Deere (Mortgagequeen2)
#1 ranked lender in Missouri - 604 contributions

Yes there are lenders still offering that type of loan program.

6 days ago
Bert Carpenter (BertCarpenter)
#1 ranked lender in Arizona - 1,963 contributions

Stated income, Asset depletion, Bank statement loans are all what is commonly called non-QM loans. YES. There are lenders that will do these. Keep in mind that the rates and terms on non-QM loans are usually a little higher than the more traditional Qualified Mortgages that can be sold to Fannie Mae or Freddie Mac. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Licensed in Arizona, California, Georgia, Oregon, and Washington. Need help in other states? We've got you covered. NEXA Mortgage is licensed in 46 states ~ 480-889-9000.

4 days ago
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