Stated Income Loans

Three Stated Income Loans Programs!

Up to 80% Stated Income Loans Nationwide!

Stated Income Loan PageSlide 300x225 Stated Income Loans

Stated Income Loans

Stated Income Loans up to 80% LTV (see our no doc loan program for no income, no asset home loans or our Stated Income Loans for Apartments program) with low competitive conventional rates! Stated income loans available nationwide: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY (some states case by case).

Stated Income Loans Program Guidelines

The New 80% Stated Income Loans is available nationwide (other states case by case). Our banking contacts at several lending institutions have given us a new unique stated income loans product to offer to our borrowers. Example: 5/1, 7/1. 30yr & 15yr. Stated income program #1 specifics:

Stated Income Loans Program #1 General Guidelines (good rates, easy qualify):

  • 720 Min FICO min w/ combined collections above $5K, no litigation in the last 5 yrs; BK and prior foreclosure considered
  • Required Liquid Assets
  • NO cash out cap, no explanation needed to 50%. 6 months seasoning required
  • Residential: OO 1-4 Units Only (other case by case)
  • Purchase, R/T Refinance, cash out…no seasoning required
  • Self Employed and W2 accepted
  • 80% to 417K, 70% to $1M; refinance or purchase (higher case by case)
  • OO, NOO, 5/1, 7/1, 30 yr, 15 yr
  • States: Nationwide (some stares case by case)
  • Foreign National allowed Case by Case
  • Trusts, LLC, Corporations, Non-Occupant Co-Borrower Allowed (no non-warrantable condo)

* Note: There are no Stated Income Loan county restrictions. A stated income loans banking relationship may be necessary. Additional requirements may apply in some cases for alt states or super jumbo stated income loans.

Stated Income Loans Program #2 General Guidelines (higher rates, easy qualify):

Stated stated (no min fico required)

  • Bank statements (personal or business) for full doc, 24 months, must be self employed (no tax returns & no p/l)
  • Up to 80 ltv down to 500 mid fico for owner occupied
  • Up to 75 ltv down to 500 mid for 2nd home and non owner
  • Up to 1.5 million cash out loan with a 500 mid fico
  • No reserves for all programs
  • 1 day out of short sale, bk and fc ( 1 day out of ss to 75 ltv with 600 mid fico)
  • Up tp 20 properties (cash out on noo ok)
  • Gifts ok on o/o, 2nd home and noo (gifts can be for full down payment & closing costs)
  • Seller 2nd ok, gifts of equity ok (gift of equity can be used for full down payment)
  • Mtg lates ok, no up front fees, no ppp on standard o/o programs (up to 90 day lates ok)
  • Use any amc appraiser you choose… Even ok with already ordered amc with another bank.. Ok with us
  • States: az, ca, co, fl, ga, id, nv, or, tx, ut & wa (broker must be nmls as well)
  • First time home buyer now up to 80 ltv (was max 75 ltv)
  • 7/6 arm or 30 year fixed options now

With a 650+ mid fico (jumbo programs)

  • 80 ltv to 750,000 purchase owner occupied
  • 75 ltv to 750,000 r/t or cash out owner occupied
  • 75 ltv to 1,000,000 purchase & r/t refi o/o
  • 65 ltv to 1,000,000 cash out o/o
  • 70 ltv to 1,500,000 purchase & r/t refi o/o
  • 60 ltv to 1,500,000 cash out o/o

With 600-649 mid fico (jumbo programs)

  • 75 ltv to 750,000 purchase & r//t refi owner occupied
  • 70 ltv to 750,000 cash out o/o
  • 70 ltv to 1,000,000 purchase & r/t refi o/o
  • 60 ltv to 1,000,000 cash out o/o
  • 65 ltv to 1,500,000 purchase & r/t refi o/o
  • 55 ltv to 1,500,000 cash out o/o (available: 500 mid fico to 1.5 million cash out)

* Note: There are no Stated Income Loan county restrictions. A stated income loans banking relationship may be necessary. Additional requirements may apply in some cases for alt states or super jumbo stated income loans.

Stated Income Loans Program #3 General Guidelines (lowest rates, hard qualify):

Bankable Stated Income Verified Asset

  • Owner occupied only
  • 30 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
  • Min FICO 700
  • No prepayment penalties, full recourse
  • 3 months seasoning on assets
  • 6 months PITI reserves required (both purchases and refinances)

About Stated Income Loans

After the mortgage crash stated income loans became very scarce, even non existent. Now, through our immense banking network we have established several banking institutions who will lend to qualified borrowers stated income.

Even though the stated income loan is a SIVA loan (Stared Income Verified Assets), in some cases, qualifying criteria may be considered No Income/No Asset. (NINA). Each stated income loans borrower is looked at individually and case by case.

Stated Income Loans for purchasing property requires a 35% down payment. A refinance with no cash out requires 35% equity position in the property and a cash out refinance requires 40% equity position in a property. Stated income loans for Foreign Nationals are available and are welcome to apply, same LTV and guidelines. This is not a government loan.

Examples of stated income loans we have completed are as follows: 680 FICO 50% LTV the lender close a loan of $1M with cash in hand in CA; 720 fico, 50% LTV 12 months liquid assets, $589K loan in NY; 50% LTV, 700 FICO, investment property, $210K loan amount in Tx. List goes on and on. Stated income loans are here and we are closing them.

Types of Stated Income Loans:

  • Stated Income Verified Asset (SIVA): No income verification with asset verification.
  • Stated Income Stated Asset (SISA): No income verification with no asset verification.
  • No Income Verified Asset (NIVA): No income stated or verified with asset verification.
  • No Income No Asset (NINA):No income stated or verified with no asset stated or verified.
  • No Doc (ND): No income documentation of any kind.
  • No FICO: Requires assets and income however FICO is not a factor.

Currently Stated Income Verified Asset (SISA), Stated Income Stated Asset (SIVA) and No Doc, Asset, Income, FICO loans (NINA) loans are available.

Stated Income Loans State Guidelines:


Affiliations: NAMB | NBA | NAMP | GM

Programs and guidelines subject to change without notice. This is not a guarantee to lend. Stated income loans are not available in all states.

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