can i still get stated income home loan?

Posted on Sep 29, 2012 in Stated Income Loans

HARP 2.0 Is One Solution for Under Water Homeowners in Hawaii
For those under water homeowners who have managed to make payments throughout the Great Recession, ambulance pills the federal government has created a new type of home loan known as HARP 2.0. The outstanding feature of HARP 2.0 is that owners are able to …
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Question by Jeremy: how much income do i need for an k mortgage?
i’m thinking about getting a house and i made an offer but i’m not sure if i have enough income. the mortgage would be for 30 ys and the rate is 5.5%

i currently have $ 25, ambulance 800 income after taxes. . . is this enough?

please help; i can’t find any calculators or anything that would tell me

btw, it is a fha mortgage w/ 3.5% down

Best answer:

Answer by Luke
you need an income of $ 33,000

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Question by shinobihang: can i still get stated income home loan?
are there any stated income loan still around, more about i work as a waitress so i can’t prove my income on paper, and my boyfriend is out of work right now, is it possible to still get a loan?

Best answer:

Answer by Brother Otter
You can document your income with your tax return. If you’re under-reporting your tips, well… you can’t prove you make more unless you come clean about that to somebody and then either the bank will frown or the IRS will frown.

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4avg.rating 22 votes.


  1. These are very few and far between right now. The mortgage industry got hit hard by approving stated income loans to people who over reported their income, and who have defaulted on their mortgages. Right now, it’s a lot more difficult to get a verified income loan even with excellent credit, where they may require 2 years of tax returns instead of 1, more prepayment of taxes and insurance up front, and more liquid money in reserve.

  2. good luck finding one, with the mortgage crunch even people with decent credit are having trouble getting mortgages. Best bet is to try your bank if you have a long standing reputation with them, they are more likely to lend you money.

  3. That was a great read on lenders.

  4. I couldn't find what I was looking for on other websites and then I came here. Great read on the article about home loans!