Are there any banks that offer second mortgages to homeowners in California, that are stating their income?

Posted on Feb 8, 2013 in Stated Income Loans

average mortgage interest rate
by eyewashdesign: A. Golden

Question by R S: How do I find out what the current VA mortgage interest rates are? Is there a web site i can check?
I’ve just been pre approved for a VA mortgage. I’m only in the looking phase and don’t plan to close til June. How do I find out the average interest rates on VA home loans. I don’t want to find out the last minute my interest rate would be high. I heard you can find them on the VA’s website, medications advice does anyone know the exact link to find it?

Best answer:

Answer by src50
There is no one “rate.” Shop around with different lenders. The VA only insures the loan – they don’t lend.

Add your own answer in the comments!
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stated income mortgage loan
by eyewashdesign: A. Golden

Question by Eric L: Are there any banks that offer second mortgages to homeowners in California, ask that are stating their income?
I am a loan officer in California looking for a bank to send a second mortgage too. I am having trouble finding a home for a second mortgage. Here is the scenario:

750 FICO
70% LTV
Stated Income

Please help me find a home for this loan…

THANKS!

Best answer:

Answer by dtemple1983
Nobody does stated loans anymore. Forge some rental contracts and get some BS bank statements.

What do you think? Answer below!

2 Comments

  1. The guy above me is wrong. We do stated loans all day long, but NOT at a 70%LTV on a second mortgage. sorry

  2. Ask http://www.brokeroutpost.com they are awesome!