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Mortgage Community Forums | Loan Talk for First Time Home Buyers | I am self employed and really would like to do a stated income loan

I am self employed and really would like to do a stated income loan

Posted on: 01st May, 2009 08:02 am
I am self employed and really would like to do stated income loan do they still exist in California?
yes, but with severe limitations.
gmakerley
Posted on: 01st May, 2009 08:18 am
Can You pls explain .....
mca2021
Posted on: 01st May, 2009 08:37 am
You're going to be limited to about a 70% Loan To Value Ratio. Typically the lender would like a 700+ Credit Score and atleast 35% of you annual income in the form of liquid assets. I hope this helps...
JKennedySLG
Posted on: 01st May, 2009 09:13 am
Hi,

Welcome to our forum.

I agree with JKennedySLG & gmakerley ,

Thanks.
gunz.ijjistaff
Posted on: 01st May, 2009 09:16 am
Tank You!
can you recommend one?
mca2021
Posted on: 01st May, 2009 09:33 am
I work with a lender in California who still provides states income loans but it will all depend on the county.
eric1
Posted on: 01st May, 2009 04:37 pm
Hi Erick.
I live in Los Angeles county.
This Is Address

235 S Reeves Dr 205
Beverly Hills CA 90212
mca2021
Posted on: 04th May, 2009 07:39 am
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