A document specification that states a borrower's assets, but the assets are not confirmed by a lender.
Related information about Stated assets:
- What is Stated assets? definition and meaning
Definition of Stated assets: A document specification that states a borrower's assets, but the assets are not confirmed by a lender.
- Stated Assets - Financial Dictionary - The Free Dictionary
A documentation rule where the borrower discloses assets and their source but the lender does not verify the amount. See Documentation Requirements/Stated ...
- stated case - definition of stated case by the Free Online Dictionary ...
Stated Annual Interest Rates · stated as a premise · Stated Assets · stated authoritatively · stated capital. stated case. Stated Clerk Nomination Committee ...
- stated - Idioms - by the Free Dictionary, Thesaurus and Encyclopedia.
statecraft · statecraft. stated. Stated annual interest rate · Stated Annual Interest Rates · stated as a premise · Stated Assets · stated authoritatively · stated capital ...
- Can you explain stated assets mortgage loans?
There are different general categories to document a home loan and the stated assets mortgage is one of the major ones.
- No Income Verification (NIV) / Stated Income / No Doc Mortgage Loans
Stated Income Stated Assets Loan (SISA). No Ratio Loans. Loan approval is based on your stated income, credit history, and verified liquid assets. The Verified ...
- JulyRealLifeStoryNo-documentationloansmeetspecificneeds
These limited loans are generally classified as "stated income," "stated assets," " no income verification (NIV)," "no income/no asset (NINA)," “no ratio," or "no ...
- What Are Documentation Requirements? - Ask the Mortgage ...
Stated income/stated assets: Both income and assets are disclosed but not verified. However, the source of the borrower's income is verified. No ratio: Income is ...