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"Stated Income Mortgages"
Stated Income Mortgages
This is a no-income verification loan. LenderSquare lenders use what income you state on your application! An outstanding program for those who are self-employed or on some type of commission, or tip position employment.
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If you would like to find out more information or to see if you would qualify for a stated income mortgage program. Please take the time to fill out the application below to get the process started. Filling out an application in no way obligates you and is completely free to apply, fast and secure. Apply Today!
Adjustable rate mortgages typically start at a lower interest rate (and lower payments) but interest rates and payments fluctuate depending on market interest rates.
Jumbo loans are just what their name implies: a larger than average loan. Most lenders follow the Fannie Mae or Freddie Mac federal guidelines for loans, which limit the amount you can borrow to $252,700. If you need to borrow more than this, you should look for a Jumbo loan.
This is another financing option for those persons who are making a significant downpayment on the purchase of a new property or who have substantial equity in their existing property for the purpose of refinancing.
The income used for qualification is the amount stated on the application, however, there is no verification of the income. Assets used for a new purchase will need to be verified. Your LenderSquare Lenders loan consultant can assist you further.
LenderSquare Lenders are able to offer 100% (zero down) financing in many situations to low-income borrowers and in low-income census tracts as well as borrowers who have excellent credit histories.
Please consult your LenderSquare Lenders loan consultant for more information on these low cost loans.
People are buying more vacation homes than previous generations ever imagined. LenderSquare can put you together with lenders who specialize in vacation home mortgages and second home mortgages.
Homeowners 62 and older who have paid off their mortgages or have only small mortgage balances remaining are eligible to participate in HUD's reverse mortgage program.
