Stated Income Loans:

Stated Income Loan is where the Mortgage Lender will not verify the borrower's income documents, such as paystubs and taxes.  Borrower(s) are required to state their income on the application and the Mortgage Lender will qualify the borrower based on this. 

Stated Income Loans are only issued to Self Employed borrowers who cannot verify all of their income.  Interest rates on Stated Income Loans are generally higher than for conforming "A" loans.  Borrowers are also required to have at least 30% down payment or equity in the property being mortgaged.

Stated Income ~ Verified Assets

• Self-Employed (min. 2 years)
  
• 660+ Credit for consideration
  
• Up to 70% Loan-To-Value
  
• No Limit on Cash-Out

• Verify Cash to Close + 6 Months Reserves
  
   

RBI Home Loans Stated Income Lending Areas:
- New Jersey Stated Income Loans
- New York Stated Income Loans
- Pennsylvania Stated Income Loans

Apply Now

Return to Loan Options