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Stated income home loan

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Icon Mini Profile jh_lilbit





Joined: 29 Jun 2010

Posts: 1

1.24 Dollars($)
Post Posted: Tue Jun 29, 2010 8:12 am    Post subject: Stated income home loan
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Does anyone know of a company in Wyoming that offers stated income home loans?
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10574
Location: ALASKA
1090.82 Dollars($)
Post Posted: Wed Jun 30, 2010 12:30 am    Post subject:
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Hi jh_lilbit,

Stated income loans are hardly available these days. I don't think lenders in Wyoming will be ready to offer you such a loan. After the sub-prime mortgage crisis hit the real estate market, the lenders have stopped giving such loans. They verify the applicant's income, credit score, debt to income ratio, etc. before approving a mortgage for him or her.

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