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I'm looking to get qualified for a stated income loan in Nevada (using our combined household income, rather than mine), to purchase a home for $250,000. We would put 20% down. Is that possible?

Our household income is over $170,000 annually, but the mortgage would be in my name only. by jjm772_742_994 from Henderson, Nevada. Nov 17th 2011 Reply


Richard Woodward (RichardWoodward)
#41 ranked lender in Texas - 106 contributions

Stated income for the most part has gone away. There are no traditional lenders offering this program and several states have made it illegal. Your best bet is to do hard money lending and just do a goggle search for "hard money lenders". First consult with a licensed professional lender to see if a fully documented loan would work instead. If you do go the hard money route work with your licensed lender to put a plan in place to refinance in a year or so.

Nov 18th 2011
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Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 1,823 contributions

Stated income loans in the traditional mortgage market no longer exist. I would encourage you to find a local Mortgage Banker/Broker to work with you to determine how much of your income is documentable and can be used. Many times clients will think they won't qualify, and after a little analysis, they in fact do.

Nov 18th 2011
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Ms mary (www.loanfinancesolutionsltd)
#544 ranked lender in California - 5 contributions

we can help you out in any form and loans.Contact us on Mail: www.loanfinancesolutionsltd@gmail.com

Dec 6th 2011
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Nathan Kessler (nathan.kessler@guaranteedrate.com)
#45 ranked lender in Nevada - 73 contributions

I do loans for self employed with no tax returns. Call for details. Nathan Kessler 702-522-6745 City First Mortgage Services NMLS #377217

Jun 25th 2014
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Michael Diaz (sincityloandr)
#60 ranked lender in Nevada - 66 contributions

I might have a bank statement loan that will help you qualify, please contact me to go over the details

Mar 21st 2018
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