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 kmclean
Joined: 29 Jul 2008
Posts: 1
1.43 Dollars($)
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 Posted: Tue Jul 29, 2008 4:16 pm Post subject: purchase money stated income mortgage in NY |
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purchase money stated income mortgage in NY
I am self employed and need stated income mortgage using an accountants letter for purchase Single Family Primary Residence, 30% down, 790 FICO. Who does this loan in NY? |
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larry
Joined: 27 Jun 2007
Posts: 3328
474.49 Dollars($)
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| Posted: Wed Jul 30, 2008 3:17 am Post subject: |
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Hi kmclean .
Welcome to the forum.
Your FICO score is very good and you can make 30 percent down payment. So I think you should get approve for the loan. There are so many lenders in this community so I think you can ask for no-obligation free mortgage quote . You just need to give minimum details and they will contact you directly.
Feel free to ask if you have any further questions.
Best of luck,
Larry |
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ckalvesmaki
Community Experts
Joined: 28 Jan 2006
Posts: 378
Location: Dallas
56.65 Dollars($)
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| Posted: Wed Jul 30, 2008 5:00 am Post subject: |
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What is the purchase price? The loan may pass a no income verification test through DU or stated exspress through LP
_________________
Cedric Kalvesmaki
***Professional Disclaimer***
While I am a Mortgage Professional, this advice is generic in nature only.
888-383-9019
emails and PMs gladly answered
www.freedommortgagetexas.com
Freedom Mortgage
I live in TX but cover all 50 states |
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JohnatAFC
Guest
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| Posted: Mon Dec 08, 2008 1:59 pm Post subject: Stated Income for Self Employed |
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| I can do it in nine counties in NY at normal (not hard money) rates. In what county is the property? |
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vickie
Guest
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| Posted: Sun Jan 04, 2009 6:06 pm Post subject: stated income, little down as possible, low rates, ok credit |
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JOHNATAFC... if you can help me i'm interested, need a quick closing too on a short sale to save my moms house in forclosure... contact my email asap "chillyssweetone@aol.com" i look forward to hearing from you or anyone ese that might be able to help our cause....
[Link deactivated as per forum rules. Thanks.] |
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smithsussane
Joined: 18 Sep 2008
Posts: 3737
Location: Alaska
561.26 Dollars($)
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| Posted: Sun Jan 04, 2009 11:34 pm Post subject: |
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Hi vickie!
Welcome to forums!
You can check out with the lenders of your area whether they are ready to offer you a stated income loan or not. As far as no-down loans are concerned, I think it will be difficult for you to get keeping in mind the current market situation. You can also speak to the lenders of this community and seek a no obligation free mortgage consultation. Let's hope they will be able to help you.
Feel free to ask if you have further queries.
Sussane |
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Cal
Guest
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| Posted: Mon Aug 17, 2009 11:21 am Post subject: stated income loan |
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| I am interested in buying a home. I am self-employed and can provide 2-3 years bank statements and an accountants letter to verify income of $156,00 per yr. My credit score is 690. I currently own a home I am selling. My current mtg + taxes+ins= $3650 per month. I have not been late in over 36 months. I can put 15% down on a home valued at $540,000. I will need a mtg of $459,000. Do you think it is possible for me to get a mtg at this time. |
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 7405
Location: bloomfield, ct
62.63 Dollars($)
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| Posted: Mon Aug 17, 2009 11:28 am Post subject: |
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cal, i suggest you wait until you bump your score up to at least 700, and perhaps 720, if you wish to do this on a stated income basis. and you'll find that 15% down payment is woefully inadequate to meet current lending standards on those loans, also.
_________________
George M. Akerley
Loan Consultant
860-221-5044 |
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