Stated Income Loans

  • Purchase Money & Rate/Term Refinance up to 90% Loan-to-Value (LTV)
  • One late payment in the past 30 days and up to 12 in the past year allowed
  • Cash-out up to 80% LTV
  • FICO scores starting at 660
  • First-Time Homebuyer (FTHB) allowed
  • 80% LTV for condos & 2-4 unit properties
  • Declining markets are allowed
  • Loan amounts up to $3 million
  • Qualify with 12 Months bank statements
  • Minimum 25% business ownership required
  • 30 Year fixed rate option available
  • 30 & 40 year fixed interest-only options available
  • Cash-out for reserves is acceptable
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