Stated Income Home Loan?

Posted on Oct 17, 2012 in Stated Income Loans

Question by Private: Stated Income Home Loan?
Where can I find one for the state of FL. It seems like NO ONE offers them anymore. We have a house and a closing date so we need a loan by MONDAY or we lose the house. Thanks!
We had a pre-approval letter from HSBC and apparently the loan “expired” because we got a phone call Tuesday (11/4) from the loan officer saying that the loan had expired on Friday (10/31) but he wasn’t aware of it. Then he went on to say there was nothing he could do.

Best answer:

Answer by SOUTH LAKE
I did a stated Income home loan with Countrywide in Texas . I don’t know if they are still offering them .

What do you think? Answer below!

5avg.rating 11 votes.


  1. Countrywide went out of business just for that reason it self, but I don’t think anyone is doing stated. Maybe you should consider a hardmoney loan than Refi into a regular mortgage after 6 months

  2. The financial institutions and/or mortgage companies that were doing stated income are really not doing them anymore due to the crash of the housing market. I honestly doubt that you will find a company that will do that for you.

    If you are still wanting to search I would call independent mortgage companies as opposed to major banks. But honestly I don’t think you’ll find them anymore.

    Good Luck!

  3. When applying for a home loan your credit report will be reviewed and you may be required to provide a number of other details, including: Employment and income records, Tax Returns for the last few years List of assets, List of liabilities and what you owe, Your budget showing monthly living expenses so that you can demonstrate an ability to pay.

    With this information you and your lender will be able to determine the kind of home loan and size of the right mortgage for you. In some cases, you can obtain a pre-approval or pre-qualified certificate, which shows how much you can borrow so that you can then shop for homes in an appropriate price range.

  4. Stated Income Loans DO NOT exist anymore!! Those types of loans and the reason why this country is in a mess.

    How could you put an offer on a house without a lender approval letter anyway?