self employed in California any stated income loans available

Hello. As you can see by the lack of response to your post, there are no longer any stated income loans permissable in the US. Once in a while you will run into equity based lending by venture capital platforms or private money loans, but the costs and rates are atrotious. I would start looking at those avenues as a possibility. Good luck. Pat McCarthy, Northpointe Bank Mortgage, 866-901-3576

Yes there is stated income still available...does require larger down payments...40%...and 12 months reserves. Feel free to contact me to discuss your specific scenario. 877-369-4319

We have several options for you besides stated. If you state more income than what is shown on your tax returns you are committing mortgage fraud. Lenders will receive your last two years tax transcripts even on a "stated loan."Happy funding, Rudi

LENDERLINE is offering Stated Income Verified Assets (SIVA) loans in California only. Guidelines are as follows: o Purchase, rate and term refinance, and cash-out refinance allowed.o Single family residences, PUDs, condominiums, and 2-4 units allowed.o Primary residence, second homes or investment properties allowed.o U.S. citizens, permanent residents, and foreign nationals allowed. o No prepayment penalty.o Up to 70% LTV maximum. LTV is based on occupancy and loan amount.o Up to $2,000,000 loan amount. Maximum loan amount is based on purpose of loan and occupancy.o 700 minimum credit score for U.S. citizens and permanent residents.o No credit scores are required for foreign nationals.o No rental late payments during past 12 months.o No mortgage late payments during past 24 months.o No history of NOD, foreclosure, short sale, bankruptcy, or repossessions.o No unpaid judgments, liens, or collections.o Income stated on loan application must be reasonable for the position of employment.o No tax returns, paycheck stubs, W-2, 1099 or 4506-T will be required.o Self-employed or W2 allowed.o No industry exclusions.o Debt-to-income ratios cannot exceed 45%.o Employment must be verifiable by a CPA or IRS enrolled agent (for self-employed) or verbal verification of employment (for W2) with no reference to income.o 100% of the down payment may be gifted for primary residence.o 6 months PITI reserves are required. Reserves must be seasoned for 2 months and come from borrower's own funds.o The SIVA loan program is available in every County in the State of California. For more information contact:LENDERLINE5000 Birch Street, Suite 3000Newport Beach, CA 92660Toll-Free: (888) 661-7888Website: www.lenderline.com

LENDERLINE is offering Stated Income Verified Assets (SIVA) loans at up to 80% loan-to-value in California only. Guidelines are as follows: o Purchase, rate and term refinance, and cash-out refinance allowed.o Single family residences, PUDs, condominiums, and 2-4 units allowed.o Primary residence, second homes or investment properties allowed.o U.S. citizens, permanent residents, and foreign nationals allowed.o No prepayment penalty.o Up to 80% LTV maximum. LTV is based on occupancy and loan amount.o Up to $2,000,000 loan amount. Maximum loan amount is based on purpose of loan and occupancy.o 700 minimum credit score for U.S. citizens and permanent residents.o No credit scores are required for foreign nationals.o No rental late payments during past 12 months.o No mortgage late payments during past 24 months.o No history of NOD, foreclosure, short sale, bankruptcy, or repossessions.o No unpaid judgments, liens, or collections.o Income stated on loan application must be reasonable for the position of employment.o No tax returns, paycheck stubs, W-2, 1099 or 4506-T will be required.o Self-employed or W2 allowed.o No industry exclusions.o Debt-to-income ratios cannot exceed 45%.o Employment must be verifiable by a CPA or IRS enrolled agent (for self-employed) or verbal verification of employment (for W2) with no reference to income.o 100% of the down payment may be gifted for primary residence.o 6 months PITI reserves are required. Reserves must be seasoned for 2 months and come from borrower's own funds.o The SIVA loan program is available in every County in the State of California. For more information contact: LENDERLINE5000 Birch Street, Suite 3000Newport Beach, CA 92660Toll-Free: (888) 661-7888Website: www.lenderline.com