You will need to have been self employed for a minimum of 2 yrs to use that income to qualify for a home loan. Call me at 740-398-4917 to see what options are available to you.
I can do a stated income loan. Call me at 405-445-1091
Not an easy loan to find, you should expect to need a good downpayment.
That type of financing completely disappeared after the real estate collapse, and new government rules make them incredibly challenging to offer. Only recently have a very small number of lenders dipped their toes into those alternative type of financing options again. Good luck...
You will have to discuss this one with a local lender. The stated income loans are going to be lender specific on the the LTV due to it being a non conforming product that is held privately.
It's going to be a "portfolio" or "Hard Money" type loan and each lender has their own rules as to what the allowable LTV would be.. but I would expect you wont find any willing to lender more than 70%, but more realistically, 60%. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com
We have a 24 month bank statement program and a stated option, both are available nationwide and require at least 20% down. Let's discuss your loan scenario! My number is 800 315 8803 and my name is Jamie. I have been lending nationwide since 1989 and am happy to answer your mortgage questions. Jamie - NMLS 850582 - www.bartprequalifies.com
We can get you a 90% LTV bank statement loan with a 725 credit score and eligible incomeThe better rates are at 80 LTV and below. Depending on your state, a different licensed loan officer will help you.Loanshoppers.net
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