Stated Income Loan

Stated Income Loans are designed to help borrowers who may not have the traditional documentation required for a standard mortgage, such as W-2 forms, tax returns, and pay stubs. Instead, lenders rely on the borrower’s stated income, assets, and a good credit history to approve the loan. This type of loan is especially beneficial for self-employed individuals, freelancers, and those with irregular income streams.

The Stated Income Loan Program allows potential homeowners to qualify for a mortgage without having to provide extensive documentation. While you still have to meet certain criteria, here are a few great reasons why a Stated Income Loan may be right for you!

• No extensive documentation required
• Flexible qualification criteria
• Competitive interest rates