---

Looking for Low Documentation / Stated income loan in NY

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
omega Guest	Posted: Sat Oct 29, 2011 9:24 am    Post subject: Looking for Low Documentation / Stated income loan in NY Like 0 Dislike 0 Found one lender NY, but we are running into a technicality. Any other stated income loans available in NY. Putting down 35%, 720 is our lowest score. Have enough assets. Some w2 income and other applicant self employed. Loan under 500K. Any help would be appreciated. Thank you! _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Sun Oct 30, 2011 8:11 pm    Post subject: Like 0 Dislike 0 Welcome omega, It will be difficult for you to qualify for a mortgage as there may be very few lenders who can offer you stated income loans. Nevertheless, you should shop around and contact all other local lenders and apply for stated income loans. This community has a large number of lenders. You can seek a no obligation free mortgage lender and find out if they can help you with a loan. _________________ Procrastination is the enemy of your financial success
jveenstra Community Expert Joined: 10 Nov 2008 Posts: 1310 Location: River Edge, New Jersey 274.62 Dollars($)	Posted: Wed Nov 02, 2011 8:08 am    Post subject: Stated Income Like 0 Dislike 0 There is probabaly one lender and that lender lends in 13 counties, not in all of New York What technicality did you run into? _________________ John Veenstra, Sr Mortgage Consultant Approved Funding Corp Licensed NJ NY CT PA 201-833-0123x278
jveenstra Community Expert Joined: 10 Nov 2008 Posts: 1310 Location: River Edge, New Jersey 274.62 Dollars($)	Posted: Tue Nov 08, 2011 6:39 am    Post subject: Stated Income Like 0 Dislike 0 The stated income lender uses W2 income doumented by the W@ earner and uses stated income for the self employed. The two are mixed on the application. The rate is the stated income rate, but, you use the W2 income also to qualify _________________ John Veenstra, Sr Mortgage Consultant Approved Funding Corp Licensed NJ NY CT PA 201-833-0123x278
JKennedySLG Community Expert Joined: 01 Apr 2009 Posts: 408 Location: New Jersey/New York 20.05 Dollars($)	Posted: Tue Jan 03, 2012 9:20 am    Post subject: Like 0 Dislike 0 There are a total of 3 lenders actually funding Stated Income Loans in NY. All thee(3) having different criteria for closing the loan. All lenders will require a down payment of 25%+ at minimum, which you have. I hope you were able to close this loan. _________________ 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	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

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