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stated income stated assets

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Stated Income Stated Assets. The Stated Income Stated Asset loan is most suited for those borrowers with a very strong credit portfolio who are self employed and for investors and those who can show a very strong credit file reflecting traditional trade lines to include credit cards and small installment.

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A stated income-stated asset mortgage (sisa) loan application allows the borrower to state their income without verification by the lender.

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This is a SISA = Stated Income Stated Assets loan product. As a make sense lender we may lend up to 80% of the purchase price plus 100% of the improvements / rehab costs too. Borrower must have 20% of the purchase price in the deal. Or you can choose 85% loan to value and 85% of the rehab money.

Stated income and stated assets allows self-employed borrowers who cannot verify all of their income to qualify for financing. One of the things that differentiate commercial funding from the more conforming commercial lenders is that we do not verify the borrower’s personal income.

He is a pompous “ass” who has been fighting me from the beginning, except when he begged me for my endorsement for his Senate.

The Stated Income Stated Asset loan is most suited for those borrowers with a very strong credit portfolio who are self employed and for investors and those who can show a very strong credit file reflecting traditional trade lines to include credit cards and small installment obligations and can show major lines such as Automotive with history or mortgage history.

8. Almost anyone can get a stated income loan for $950,000. Consumers have access to loans where a home can be purchased with 0% of a down payment, stated income AND stated assets. This same loan will allow a very low credit score of 620 (680 is average). Lastly this loan program will allow someone to borrow up to $950,000 dollars. 9.

Stated Income / Verified Assets loans provide the borrower the opportunity to qualify to buy a home or refinance their mortgage based on liquid asset reserves; .