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 mca2021
Joined: 01 May 2009
Posts: 4
1.96 Dollars($)
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 Posted: Fri May 01, 2009 8:02 am Post subject: I am self employed and really would like to do a stated inco |
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| I am self employed and really would like to do stated income loan do they still exist in California? |
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 7447
Location: bloomfield, ct
70.06 Dollars($)
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| Posted: Fri May 01, 2009 8:18 am Post subject: |
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yes, but with severe limitations.
_________________
George M. Akerley
Loan Consultant
860-221-5044 |
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mca2021
Joined: 01 May 2009
Posts: 4
1.96 Dollars($)
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| Posted: Fri May 01, 2009 8:37 am Post subject: |
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| Can You pls explain ..... |
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JKennedySLG
Community Experts
Joined: 01 Apr 2009
Posts: 335
Location: New Jersey/New York
9.13 Dollars($)
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| Posted: Fri May 01, 2009 9:13 am Post subject: |
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You're going to be limited to about a 70% Loan To Value Ratio. Typically the lender would like a 700+ Credit Score and atleast 35% of you annual income in the form of liquid assets. I hope this helps...
_________________
James Kennedy
RBI Home Loans
Bellmore, NY - Matawan, NJ
(888)724-0955 - (732)290-1888
Qualify NOW: www.YourLowerRates.com
580+ Credit ~ 3.5% Down Payment
540+ Credit ~ 5% Down Payment
500+ Credit ~ 10% Down Payment |
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gunzijjistaff
Joined: 07 Apr 2009
Posts: 458
6.81 Dollars($)
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| Posted: Fri May 01, 2009 9:16 am Post subject: |
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Hi,
Welcome to our forum.
I agree with JKennedySLG & gmakerley ,
Thanks. |
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mca2021
Joined: 01 May 2009
Posts: 4
1.96 Dollars($)
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| Posted: Fri May 01, 2009 9:33 am Post subject: |
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Tank You!
can you recommend one? |
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eric1
Community Experts
Joined: 04 Jan 2009
Posts: 1180
177.17 Dollars($)
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mca2021
Joined: 01 May 2009
Posts: 4
1.96 Dollars($)
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| Posted: Mon May 04, 2009 7:39 am Post subject: stated income loan |
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Hi Erick.
I live in Los Angeles county.
This Is Address
235 S Reeves Dr 205
Beverly Hills CA 90212 |
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