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Self Employed Stated Programs

Posted on: 06th Oct, 2009 10:20 am
Hi! I'm new on this forum. I'm wondering if there are any lenders doing a stated program for self employed. I have search and searched and cannot find a direct lender. My clients have 700+ FICO and have above a 30% downpayment witch cash reserves. It just appears that all of these programs have gone out the window. Thanks!

John

[size=9:0ebadd86f2][color=Red:0ebadd86f2][E-mail address deleted as per forum rules. Thanks.][/color:0ebadd86f2][/size:0ebadd86f2]
check your inbox john
Posted on: 06th Oct, 2009 12:31 pm
Hello,

Good afternoon. There are still 4 Stated/No Income Programs available for NY & NJ.

1. Stated Income/Verified Assets (NJ & select counties in NY)
Owner Occupied Only(70%)!! Rates starting at 5.5%
660+ Credit Score

2. Stated Income/Verified Assets (select NJ counties & all of NY)
Owner Occupied(75%) & Investment(70%)!! Rates starting at 7.25%
660+ Credit Score

3. No Income/No Asset (NJ & NY)
Owner Occupied(50%) & Investment(45%)!! Rates starting at 8%
601+ Credit Score

4. No Income/Verified Asset (NJ & select NY counties)
Owner Occupied (60%)ONLY!! Rates starting at 5.5%
660+ Credit Score
Posted on: 06th Oct, 2009 12:34 pm
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