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Company Loan Type APR Est. Pmt.

NIV loans

Posted on: 12th Jun, 2010 01:32 pm
Are there any banks that still do a NIV or "Stated" loan in New Jersey for a primary residence? If so, can you tell me which banks, please. Thank you.
Welcome eileen,

As far as I know, there are hardly any banks who will help you with a stated income loan. This is because after the real estate crisis, most lenders have stopped giving such loans.
Posted on: 13th Jun, 2010 11:20 pm
There are one or two lenders that do this in NJ. The most prominant one is for self employed only.

Are you self employed?????
Posted on: 15th Jun, 2010 08:30 am
Their are several lenders offering "Stated Income" loans in NJ but, if you're not self employed, you're probably out of luck.
Posted on: 15th Jun, 2010 10:48 am
anyone know if there are any lenders in Virginia who will do stated income loans?
Posted on: 15th Jun, 2010 01:13 pm
Hi brian,

As far as I know, there are hardly any lenders who offer stated income loans to borrowers these days. Most of the lenders have stopped giving stated income loans to borrowers after the real estate crisis. The lenders will want you to check your financial stability and your income before offering you a loan.

Thanks
Posted on: 15th Jun, 2010 11:46 pm
Yes there are a few lenders who will do this in NJ. You need to be self employed as mentioned above or even paid via 1099.
Posted on: 17th Jun, 2010 02:27 pm
What about Arizona?? I need condo financing. Any
NIV banks?? Both my brother and I have 785 score and plenty
Of realstate owned outright.
Posted on: 19th Jun, 2011 04:49 pm
Guest, for the most part, "no-doc" loans are limited to California and several east coast locales. I've never seen a Nevada lender listed on any of the lists.
Posted on: 19th Jun, 2011 06:43 pm
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