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Looking for any lenders who will still do stated income loan

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DIANNE Guest	Posted: Tue Apr 20, 2010 12:33 pm    Post subject: Stated Income in California? Like 0 Dislike 0 Anyone know of a lender doing Stated Income, LTV 59%, last middle credit score 727?
jenkin7 Joined: 04 Jun 2007 Posts: 4537 Location: Hawaii 728.43 Dollars($)	Posted: Thu Apr 22, 2010 12:20 am    Post subject: Like 0 Dislike 0 Hi DIANNE, A few lenders in certain states still offer stated income loans. Your credit score is quite good. But you may still have to put down anything around 25-30% of the purchase price. Which state are you in? There are some lenders in this community. You may go for a no-obligation free mortgage consultation with them to check out if any of them can help you with a state income loan.
rita2 Joined: 23 Apr 2010 Posts: 286 51.03 Dollars($)	Posted: Fri Apr 30, 2010 7:03 am    Post subject: Like 0 Dislike 0 Hi Dianne, Basically Stated Income loans allow borrowers to simply state their monthly income on a mortgage application instead of verifying the actual amount by furnishing pay stubs or tax returns. It is originally intended for self-employed borrowers with complicated tax schedules. It is suspected that many borrowers fudge the numbers in order to qualify for a loan. So, it is good if you consult an attorney, then apply for it. Do a market survey, you will get lenders who provides stated income loan. All the best.
eric1 Community Expert Joined: 04 Jan 2009 Posts: 1511 226.89 Dollars($)	Posted: Mon May 03, 2010 5:20 pm    Post subject: Like 0 Dislike 0 Dianne, yes there are lenders who will do stated income with that LTV and credit score but like I mentioned in a prior post...it will also depend upon where you are located. I do not agree with Rita's suggestion to contact an attorney before applying for a stated income loan. _________________ Eric JFree Rate Quote, Stated Income Loans FHA RATE QUOTE Mortgage Rate Quote
Frank01 Guest	Posted: Wed Aug 04, 2010 4:03 pm    Post subject: Like 0 Dislike 0 Eric1: Can you give me 2 or 3 of the lenders you know in California doing stated income loans with 50% LTV. I have a middle FICO score of 765 without lates but could not find a lender.
eric1 Community Expert Joined: 04 Jan 2009 Posts: 1511 226.89 Dollars($)	Posted: Thu Aug 05, 2010 5:17 am    Post subject: Like 0 Dislike 0 Frank, I am afraid that NOW the last lender has exited the stated income business in California. _________________ Eric JFree Rate Quote, Stated Income Loans FHA RATE QUOTE Mortgage Rate Quote
eric1 Community Expert Joined: 04 Jan 2009 Posts: 1511 226.89 Dollars($)	Posted: Thu Aug 05, 2010 5:17 am    Post subject: Like 0 Dislike 0 Frank, I am afraid that NOW the last lender has exited the stated income business in California. _________________ Eric JFree Rate Quote, Stated Income Loans FHA RATE QUOTE Mortgage Rate Quote
Elliot Ehimen Guest	Posted: Thu Dec 09, 2010 5:54 pm    Post subject: I offer loan Like 0 Dislike 0 I am Mr Elliot Ehimen,I am sorry to just sent you an email without your notification..I am just a businessman.I offer loan to those that need loan and willing to pay me back..If you want a loan do email me but if you know you have any friend willing to get a loan do tell him to contact me.I mean Copy my email don't Click Reply to okay. Via... Email: elliotloans01@live.com Full Name:............ Sex:............. Phone:................ Country:.................. Contact Address:............ Loan Duration:............. Monthly income............ Amount Needed as Loan:.......... Have you applied before?........... All you need to do is copy my address and reply me with it elliotloans01@live.com Elliot Ehimen Loan Processing Officer

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