WHAT BANKS/MORTGAGE LENDERS STILL OFFER ‘NO INCOME VERIFICATION LOANS’ (NIV) OR ‘STATED INCOME LOANS’?
use to be know as ‘no doc loans’
–looking for a home debt loan
–I know which these sorts of loans need a higher down payment, (like some-more than 20%) and come with higher seductiveness rates,
–I’m self in use and would similar to to know if I can validate for a debt but watchful 2 yrs for taxation returns
Related posts:
- STATED INCOME LOANS..?
- HAS ANYONE HEARD THAT STATED INCOME (NO INCOME DOC LOANS) ARE GOING AWAY COMPLETELY?
- STATED INCOME LOANS??? FOR FIRST TIME HOME BUYERS???
- ARE STATED INCOME LOANS FOR SELF EMPLOYED BUYERS STILL AVAILABLE?
- MORTGAGE PROGRAMS WITH STATED INCOME BORROWERS?
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{ 2 comments… read them below or add one }
conforming but only to a 75% loan on the sales price and with a 720 or higher score
Yikes, as a self-employed borrower you are naturally higher risk. If you’ve been self-employed less than 3 years, odds are you’re not making a profit and reporting losses to the IRS. Another strike.
Any lender who would give you a loan is probably about to go out of business or is very shady. Your best bet is to pay cash and then take out a HELOC once you have enough history to show that you’re making a profit.