Posted on: 08th Jun, 2009 02:36 pm
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
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.
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.
it depends upon property location, other facilities available, your income, credit score etc
