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Despite Falling Mortgage Rates, approved March 2014 HARP Loan Closings Lowest …
In late-2011, the Home Affordable Refinance Program (HARP) was made available to U.S. homeowners whose mortgages were "severely underwater". The program was a hit, and help homeowners to refinance. At its peak, HARP loans for which …
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Florida Stated Income Loan
The Only Florida Stated Income Loan Available!
Florida Stated Income Loan from $600K to $10M in Miami-Dade, find Palm Beach, stuff Broward and Monroe (other counties considered). Our private mortgage banking relationships in Florida enable us to bring the Florida Stated Income Loan opportunity to our clients. See guidelines below…
Super Jumbo Stated Income Loans guidelines are as follows:
- Florida Stated Income Loan Amounts $600K to $10M Only (higher case by case).
- Foreign Nationals, this Trusts, Non-Permanent Resident Aliens ok!
- ARM: 3yr & 5yr (OO & Inv)-20 yr Amortization
- Fixed: 15, 20 & 30 Year Loans (Inv only)
- 15 yr & 20 yr HELOCs (first position only)
- Construction Take-Out Loans Okay!!
- Florida Stated Income Loan Purchase or Refi: OO/NOO, PUD, Investment, 1-4 Units
- Condotel and Non-Warrantable Condos Okay!!
- Self Employed and W2 Allowed!
- Purchase: 90% LTV to $10M (larger case by case)
- Refinance: 75% LTV to $10M (larger case by case)
- No Seasoning Restrictions For Free & Clear Property
- Florida Stated Income Loan Up to 4 Properties Financed Okay!
- Low Competitive Rates, Not Hard Money!
- 36 months PITI Needed
This is the 1st Stated Income Loan Florida has seen in a few years. Lender specifics are stringent. If you are a high net worth individual or institution the Florida Stated Income Loan was build for you. Florida Stated Income Loan are jumbo only. No loans under $600K will be considered. If you are self employed and may be able to qualify from business gross receipts you may qualify with a limited doc program (different from the Florida Stated Income Loan). Call or email with your loan details to discuss.
Note: Florida Stated Income Loan county limitations apply. Banking relationship case by cases. Min 45 day close. Rates and program details can change without notice.
Program many not be available in all states (case by case). Programs and guidelines subject to change without notice.
Find program guidelines for your your city or state:
Affiliations: NAMB | NBA | NAMP | GM
Find your city below for eligibility:
– Q – Cities in Florida that begin with the letter “Q”. Quincy, FL
– R – Cities in Florida that begin with the letter “R”. Raiford, FL Reddick, FL River Ranch, FL Riverview, FL Rockledge, FL Roseland, FL Rotonda West, FL Ruskin, FL
– U – Cities in Florida that begin with the letter “U”. Umatilla, FL
– V – Cities in Florida that begin with the letter “V”. Valparaiso, FL Valrico, FL Vanderbilt Beach, FL Venice, FL Venus, FL Vernon, FL Vero Beach, FL
Snapshot: The Florida coastline along the Atlantic Ocean and the Gulf of Mexico was very different 12,000 years ago. The sea level was much lower than it is today. As a result, the Florida peninsula was more than twice as large as it is now. The people who inhabited Florida at that time were hunters and gatherers, who only rarely sought big game for food. Modern researchers think that their diet consisted of small animals, plants, nuts, and shellfish. These first Floridians settled in areas where a steady water supply, good stone resources for tool making, and firewood were available.
Learn more about the Florida Stated Income Loan or Stated Income Loans in your state contacting us at info@finance1online.com.
Florida Stated Income Loan
The Only Florida Stated Income Loan Available!
Florida Stated Income Loan from $600K to $10M in Miami-Dade, recipe Palm Beach, viagra buy Broward and Monroe (other counties considered). Our private mortgage banking relationships in Florida enable us to bring the Florida Stated Income Loan opportunity to our clients. See guidelines below…
Super Jumbo Stated Income Loans guidelines are as follows:
- Florida Stated Income Loan Amounts $600K to $10M Only (higher case by case).
- Foreign Nationals, illness Trusts, Non-Permanent Resident Aliens ok!
- ARM: 3yr & 5yr (OO & Inv)-20 yr Amortization
- Fixed: 15, 20 & 30 Year Loans (Inv only)
- 15 yr & 20 yr HELOCs (first position only)
- Construction Take-Out Loans Okay!!
- Florida Stated Income Loan Purchase or Refi: OO/NOO, PUD, Investment, 1-4 Units
- Condotel and Non-Warrantable Condos Okay!!
- Self Employed and W2 Allowed!
- Purchase: 90% LTV to $10M (larger case by case)
- Refinance: 75% LTV to $10M (larger case by case)
- No Seasoning Restrictions For Free & Clear Property
- Florida Stated Income Loan Up to 4 Properties Financed Okay!
- Low Competitive Rates, Not Hard Money!
- 36 months PITI Needed
This is the 1st Stated Income Loan Florida has seen in a few years. Lender specifics are stringent. If you are a high net worth individual or institution the Florida Stated Income Loan was build for you. Florida Stated Income Loan are jumbo only. No loans under $600K will be considered. If you are self employed and may be able to qualify from business gross receipts you may qualify with a limited doc program (different from the Florida Stated Income Loan). Call or email with your loan details to discuss.
Note: Florida Stated Income Loan county limitations apply. Banking relationship case by cases. Min 45 day close. Rates and program details can change without notice.
Program many not be available in all states (case by case). Programs and guidelines subject to change without notice.
Find program guidelines for your your city or state:
Affiliations: NAMB | NBA | NAMP | GM
Find your city below for eligibility:
– K – Cities in Florida that begin with the letter “K”. Kathleen, FL Kenansville, FL Key Biscayne, FL Key Colony Beach, FL Key Largo, FL Key West, FL Keystone Heights, FL Killarney, FL Kinard, FL Kissimmee, FL
– Q – Cities in Florida that begin with the letter “Q”. Quincy, FL
– R – Cities in Florida that begin with the letter “R”. Raiford, FL Reddick, FL River Ranch, FL Riverview, FL Rockledge, FL Roseland, FL Rotonda West, FL Ruskin, FL
– U – Cities in Florida that begin with the letter “U”. Umatilla, FL
– V – Cities in Florida that begin with the letter “V”. Valparaiso, FL Valrico, FL Vanderbilt Beach, FL Venice, FL Venus, FL Vernon, FL Vero Beach, FL
Snapshot: The Florida coastline along the Atlantic Ocean and the Gulf of Mexico was very different 12,000 years ago. The sea level was much lower than it is today. As a result, the Florida peninsula was more than twice as large as it is now. The people who inhabited Florida at that time were hunters and gatherers, who only rarely sought big game for food. Modern researchers think that their diet consisted of small animals, plants, nuts, and shellfish. These first Floridians settled in areas where a steady water supply, good stone resources for tool making, and firewood were available.
Learn more about the Florida Stated Income Loan or Stated Income Loans in your state contacting us at info@finance1online.com.
Question by Brad25: Home loan companies that have programs for exceptions on income verification?
Home loan officers know nothing, viagra I wish I could talk to the underwriter. So I know Bank of America has a loan for self employed people to use only 2012 taxes instead of 2011 and 2012 and averaging them. Is there any other out there? Wells Fargo used to have one but just got rid of it. My 2011 income brings down my income a lot if I was to average it out because I had a lot of deductions in 2011. I prefer not to use BOA for my refinance. I know there is some banks that will use stock as substitute etc. If you know if any other major lenders have programs I where I can get a exceptions I would appreciate it.
Thanks
Brad
Best answer:
Answer by A Hunch
Talk with mortgage brokers in your area, for sale to find one that deals with low document loans.
Know better? Leave your own answer in the comments!
The underwriter is going to tell you the exact same thing as the loan officer, so that would just be a waste of everyone’s time.
Something doesn’t sound right. The lender is going to look at your gross reported income, not your adjusted gross after all these “deductions”. So if you had good gross income in both 2011 and 2012 but just had more deductions in 2011, this should not have an impact.
Rather than working directly with the lender (like the bank), you should seek out a mortgage broker who will be able to look through the products available from multiple lenders and find one that works for what level of documentation you are able to provide. Understand that “alternative” documentation loans are not made as readily as they once were, and if you find one you will be paying a higher interrest rate because of the risk the lender is assuming.
They are out there, but are usually used only for very high income people who are not able to document their cash flow in traditional means (for example, their income is from the repayment of old loans, which are now mostly principal reductions and not interest, and only the interest is reported as taxable income).
So, a mortgage broker is going to be your best bet at finding access to other loan products.