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Stated income

A document specification that requires the lender to confirm the borrower's source of income, but not the total amount earned.

Related information about Stated income:
  1. Stated income loan - Wikipedia, the free encyclopedia
    A stated income loan is a mortgage where the lender does not verify the borrower's income by looking at their pay stubs, W-2 (employee income) forms, income ...
     
  2. Stated Income Loans: Lie to Get a Better Rate? - Mortgage Professor
    This article describes the benefits and hazards of allowing mortgage borrowers to state their income rather than document it.
     
  3. Stated Income Loans: Now Available? | Zillow Blog
    Jun 23, 2010 ... Stated income loans used to be all the rage - until the mortgage crisis hit where lenders everywhere tightened their guidelines and eliminated ...
     
  4. Stated Income / Stated Asset Mortgage (SISA) Definition | Investopedia
    A type of reduced documentation mortgage program which allows the borrower to state on the loan application what their income and assets are without ...
     
  5. Rancho Financial brings back stated-income mortgages | HousingWire
    Jun 15, 2012 ... Preparing for the return of the jumbo lending market and the days when Fannie Mae and Freddie Mac are no longer mortgage finance ...
     
  6. Stated Income Loans | The Truth About Mortgage.com
    Stated income loans allow borrowers to simply state their monthly income on a mortgage application instead of verifying the actual amount by furnishing pay ...
     
  7. Stated Income Lenders and Mortgage Loans
    Stated income lenders and Stated Income Mortgage Loans New Jersey New York Connecticut Pennsylvania California Florida Free Rate Quote.
     
  8. Stated Income Loans from National Commercial Property Loans
    National Commercial Property Loans provides you stated income with credit score 660+ but without any income proof.