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kbsmex · Joined: 03 Jun 2009 Posts: 2 1.88 Dollars($)

We are looking for a stated income loan for a $1,450,000 purchase. 25%-30% down for a home we are in escrow with. Please contact us or state your info so I can contact you. Thanks in advance

eric1 · Posted: Mon Jun 08, 2009 3:53 pm Post subject:

kb

There is the possibility that you could get a stated income loan in California. However, the few remaining lenders who will do this are very particular about where the home is located and what you do for a living.

At minimum would need to know..
1. town and county where the home is located
2. Type of home (single family, multi family, condo)
3. The type of work you do. Are you self employed?

In the future it would be a good idea to have the mortgage issues ironed out prior to going into escrow.

robertsmith2005 · Joined: 22 May 2009 Posts: 338 -0.48 Dollars($)

it depends upon property location, other facilities available, your income, credit score etc

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Stated Income Loans in California