Posted on: 06th Apr, 2010 01:25 pm
how about great credit score 790 and 805. self employed and w2 couple have reserves but the self employed has lots of write off so its showing little income.
Is there a direct lender out there that will do stated income on 800k loan amt with 20% down on purchase?
Is there a direct lender out there that will do stated income on 800k loan amt with 20% down on purchase?
Hi Guest,
Though you have a great credit score and downpayment, if the lender is not convinced about your financial situation, you won't be able to get a loan. Moreover, after the real estate crisis, the lenders are quite skeptical in giving loans to people who are unable to document their income.
Thanks
Though you have a great credit score and downpayment, if the lender is not convinced about your financial situation, you won't be able to get a loan. Moreover, after the real estate crisis, the lenders are quite skeptical in giving loans to people who are unable to document their income.
Thanks
I've been doing research on Investors that offer stated income programs. I'm finding investors only offer them in major cities. Where are you looking to purchase?
NJ and CT and parts of PA and NY can do 30% down to mortgage of $750,000 and higher mortgages with 45% down payment.
Because such mortgages vary in availability from state to state and sometimes county to county, you will more meaningful responses if you note the state and county.
Because such mortgages vary in availability from state to state and sometimes county to county, you will more meaningful responses if you note the state and county.
