WebOct 13, 2024 · Stated-income, stated-asset (SISA) loans are made without verification of a borrower’s income or assets. SIVA. Stated-income, verified-assets (SIVA) loans allow … WebWhat is a Stated Income Loan? In the past, stated income mortgage loans were residential loans that did not require income verification or documentation. The income on the application was what the borrower said or “stated’ that it was. No W2’s, tax returns or other income documentation was needed.
NO-DOC Mortgage Loans Nationwide Stratton Equities
Web30 and 15 year fixed programs only. Purchases – Max 70% LTV up to $417,000, 60% Max LTV for loan amounts $417,001-$1,000,000 (LTV reduced by 5% if no FICO) Refinances – … Web30 and 15 year fixed programs only. Purchases – Max 70% LTV up to $417,000, 60% Max LTV for loan amounts $417,001-$1,000,000 (LTV reduced by 5% if no FICO) Refinances – Max 70% or $417,000 max loan amount, refi with max cash out of $100,000. (LTV reduced by 5% if no FICO) Stated Income. Verified Assets and Employment. fsu department of eoas
Stated Income Loans and More for Self-Employed Borrowers
WebStated income Home equity loans have become very popular for people who commission driven borrowers whose income can vary significantly from month to month. Credit scores become the most important factor for underwriting these types of loans. Typically the interest rates are slightly higher than standard full documentation home loans. WebLoan amounts are available from $250,000-$3,000,000. Borrowers must have at least $500,000 in assets after closing. All assets require 6 months seasoning. 5 year seasoning after a bankruptcy, foreclosure, or short sale. Click here to learn more about Angel Oak’s asset qualifier program Additional Asset Depletion Lenders CMG Financial ACC Mortgage WebJun 25, 2024 · Stated Income “SISA” to 65% CLTV with no financials needed. For higher loan to value borrower needs to show bank statements or full doc – your choice. Low Fico OK. Rates aprox. 10.5% to 13.5%. Terms are 3 years to 30 years. Hot Loan Product #4 is for all states except Hawaii, Texas, NY, Vermont. The stated income stated asset 2nd are in CA... gift wrap storage hobby lobby