Posted on: 25th Sep, 2010 12:36 pm
I am looking for a stated income loan on a $750k purchase. I can put 30% down and fico is over 800. I also have ample reserves above the down.
I am self employed and my income was significantly less for 2009 and 2010.
Can anybody help
I am self employed and my income was significantly less for 2009 and 2010.
Can anybody help
As you're self employed, it will be difficult for you to get a mortgage. Though you've a good credit score and a large down payment, most lenders won't be ready to give you a mortgage unless you provide them with tax returns for the last 2 years. Nevertheless, you should contact your lender and apply for a mortgage. This community has a large number of lenders. You can seek a no obligation free mortgage quote from them and check out whether or not you can get a mortgage.
Note the state in which the property is located
Stated income mortgage programs are available in some places by state, some places by county and most places not at all.
No one can answer you with any nationally avaialble mortgage programs.
Stated income mortgage programs are available in some places by state, some places by county and most places not at all.
No one can answer you with any nationally avaialble mortgage programs.