Posted on: 22nd Sep, 2010 03:30 pm
any stated income loans with 20% equity or 20% down in CA, FL or TX? I can find 30 to 40%, just wondering also I am new and could not find a search button for this.
Welcome lukas_hani,
As far as I know, most of the lenders have stopped giving stated income loans after the real estate market went into a crisis. Nevertheless, you should contact the local lenders and check out if they can help you in this matter. This community has a large number of lenders. You can speak to them and seek a no obligation free mortgage quote. This will help you in knowing whether or not you'll get such a mortgage. You will also be able to know the type of rates and terms you may receive.
As far as I know, most of the lenders have stopped giving stated income loans after the real estate market went into a crisis. Nevertheless, you should contact the local lenders and check out if they can help you in this matter. This community has a large number of lenders. You can speak to them and seek a no obligation free mortgage quote. This will help you in knowing whether or not you'll get such a mortgage. You will also be able to know the type of rates and terms you may receive.