Are stated income jumbo loans available?

STATED INCOME VERIFIED ASSETS (SIVA) at 60% LTV to $1.5M in all states except: Nv, La, Ms, In, Nd, Sd, Ne, Mn, and Wa (and 60% LTV to $3M in the state of California)Primary Residence Only (SFR or PUD's) -- 2nd Homes available at 50% LTV6% Seller Concessions Allowed Minimum Loan Amount of $500K (exceptions available)Self Employed Borrowers Only (minimum 4 years) 720 Credit Score Max. $350K Cash Out with a Max. Loan Amount of $1M (NO Pricing adjustment for Cash Out Refinances)24 Months PITI Reserves on the property that is being financedNO 4506T Required 5/1, ARM with a 2.75 margin (2/2/5 with a 2.0% floor) CALL BRIAN 602-688-1339 ABOUT CURRENT RATES AND PRICING The borrower must have a CPA Letter or a Business license within their industry plus some type of 3rd party documentation that will show the business is currently thriving and has been successful as well as generating revenue within the past several years...a business web site is preferable.

Hello Jerry,Stated Income loan programs are available if you can meet the following criteria:- Self Employed for at least 2YR's.- 720 minimum score.- 40% Equity in your home.- $1,500,000 MAX loan amount.- Assets of at least 10 times the monthly income being Stated. It seems like you will meet the credit score and equity criteria, if you meet the remaining we should speak. Please feel free to visit my website: www.ThinkJohnAJr.com for additional information.Best Regards.

Hi, If you are self-employed and property is located in NJ, or certain counties in NY or PA, you may qualify for either a Stated Income program or NO Income/Verifed Asset (NIVA) loan. With a NIVA program, verification of income is not required. However employment source must be stated and assets must be verified. The max LTV on Stated Income is 70% and the max LTV on NIVA is 60%. Fell free to contact me if you have any other questions.

Stated has gone the way of the T-Rex. Much misunderstood; probably got a bad rap for being more ferocious than in reality but extinct none-the-less. No mainstream lenders will do these products anymore, if you find anyone doing them, you will certainly pay for it in rate. If I am reading that correctly as a 15% LTV, you may find this with Hard Money. Sorry Gregorio Denny - WeFixRates.Com