Home arrow Mortgage Forums arrow About Mortgage Companies arrow

Self Employed Stated Programs

Author Message
Icon Mini Profile jyip





Joined: 06 Oct 2009

Posts: 3

1.84 Dollars($)
Post Posted: Tue Oct 06, 2009 10:20 am    Post subject: Self Employed Stated Programs
Like 0
Dislike 0

Hi! I'm new on this forum. I'm wondering if there are any lenders doing a stated program for self employed. I have search and searched and cannot find a direct lender. My clients have 700+ FICO and have above a 30% downpayment witch cash reserves. It just appears that all of these programs have gone out the window. Thanks!

John

[E-mail address deleted as per forum rules. Thanks.]
Icon Mini Profile gmakerley
gmakerley
Community Mentor
Community Mentor

best lender badge

Joined: 09 Nov 2007

Posts: 12330
Location: bloomfield, ct
50.03 Dollars($)
Post Posted: Tue Oct 06, 2009 12:31 pm    Post subject:
Like 0
Dislike 0

check your inbox john
_________________
George M. Akerley
Independent Contractor - Mortgage Consultant
Word of Excellence Editing/Writing/Proofreading
860-221-5044
Icon Mini Profile JKennedySLG
JKennedySLG
Community Expert
Community Expert

best lender badge

Joined: 01 Apr 2009

Posts: 408
Location: New Jersey/New York
20.05 Dollars($)
Post Posted: Tue Oct 06, 2009 12:34 pm    Post subject:
Like 0
Dislike 0

Hello,

Good afternoon. There are still 4 Stated/No Income Programs available for NY & NJ.

1. Stated Income/Verified Assets (NJ & select counties in NY)
Owner Occupied Only(70%)!! Rates starting at 5.5%
660+ Credit Score

2. Stated Income/Verified Assets (select NJ counties & all of NY)
Owner Occupied(75%) & Investment(70%)!! Rates starting at 7.25%
660+ Credit Score

3. No Income/No Asset (NJ & NY)
Owner Occupied(50%) & Investment(45%)!! Rates starting at 8%
601+ Credit Score

4. No Income/Verified Asset (NJ & select NY counties)
Owner Occupied (60%)ONLY!! Rates starting at 5.5%
660+ Credit Score

_________________
James Kennedy
New York/New Jersey
(732)979-7409

Hard Money & Stated Income Loans
First Time Home Buyers (540+ Credit)
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
Bookmark this page
Share |

Helpful References
Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (265)








Community Chat

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 21.068 seconds.