The following Loan Terms are Available

Stated Income Home Loans



Example: 3yr Arm, Owner Occupied, rates as low as 5.25%*,

Stated income Loan amounts to the value of the property:

                           Borrow   $1,000,000 - 50% LTV - minimum home value of   $2,000,000 or more

                          Borrow   $750,000   - 55% LTV; minimum home value of   $1,350,000 or more

                          Borrow  $500,000   - 60% LTV - minimum home value of    $840,000 or more

                          Borrow  $417,000   - 70% LTV - maximum home value of    $595,000 -- (limited to CA, NY, MA, NJ)

UPDATE: As of 4-29-2012 - A mortgage company in Florida is originating stated loans as well.

True Stated Income Mortgage program guidelines:

• Self Employed Allowed
• 700 Minimum FICO credit score - middle score or lower of 2 scores No Exceptions)
• Primary Home and 2nd Home ONLY
• Purchase, Rate and Term Refinance, or Refinance Cash Out in CA
• Minimum Loan amount $300,000 - Max, $1,000,000
• SFR, PUD and 2 Units OK, (Condos only $400,000)
• Maximum Cash Out 1% or $1,000 (whichever is Less)
• (New program in CA) Maximum Cash Out $100,000 : 700 credit scores, Owner-Occupied, 60% Maximum loan to $1mil
• Must Have 4 Open Credit Tradelines in last 24 months
• Must Have 3 months PITI or VOD with 30 day average
• No Bankruptices, Short Sales, or Foreclosures or Credit Counseling EVER
• Must Be Self-eployed in SAME Industry for 2 yrs
• Biz License or CPA letter verifying Self employemnt for last 2 years

*Although the state may be eligibile, loans are limited to specific counties

700 MINIMUM FICO score - (CHECK Your Score and there is NO Credit Score Reduction - Be Sure Before You Apply)

There is NO Request for Tax Returns or 4506

--- Intended for consumers, This Program is NOT for Mortgage Brokers ----

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