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dma1ashley · Joined: 31 Aug 2010 Posts: 1 1.31 Dollars($)

Hello,

i am in need of a stated income lender or lenders mostly for properties in FL

loans are conforming and some jumbo

adonis · Posted: Tue Aug 31, 2010 9:00 pm Post subject:

Welcome dma1ashley,

It will be difficult for you to qualify for stated income loans these days. Most lender don't offer such loans. However, you should contact the local lenders and apply for a stated income loan. The lender will go through your financial situation as well as credit report and would let you know whether or not you would qualify for a loan.

jveenstra · Posted: Wed Sep 01, 2010 6:15 am Post subject: Stated Income

There are no national stated incomel enders.

There some local lenders that still do them---for self employed persons only and on owner occupied and second homes only, no investor properties.

I take that back. There are often hard money programs avalable---high down payments, high interest rates, often prepayment penalties.

tfaulhaber1 · Posted: Wed Sep 01, 2010 8:01 am Post subject:

Where in FL? Are these for condo's? SFR? Give us examples of what you have going on in FL?

gmakerley · Posted: Wed Sep 01, 2010 10:33 am Post subject:

Just for chuckles, since I'm no longer originating...where are we finding no-doc loans? I know that New Jersey, Connecticut, New York are set with Hudson City, and that California has a couple of lenders (at last glance), but are there lenders who'll cover other states? Theo, are there lenders who'll consider such loans in Florida?

I get calls, I get calls, and I get calls....where were they all when I needed them, though? It'd be beneficial if I could fill some of these folk in on where they might direct themselves.

Give me some input, please.

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looking for a stated income lender