Stated Income Loans - Low Requirement Mortgage Loans
Stated income loans, also known as stated income mortgage loans, are mortgage loans specifically designed for people who declare low income on their tax return. The typical stated income loan program is tailored to provide and approve borrowers for mortgage loans without taking their tax returns into consideration. Through the stated income loan program, a person can borrow up to $2 million dollars without having to provide financial documents for underwriting, as long as they meet the basic requirements for...
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