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:
- 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 ...
- 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.
- 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 ...
- 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 ...
- 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 ...
- 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 ...
- 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.
- 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.