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Stated Income Home Loan
60% LTV up to $2,000,000
Stated income home loan requirements:
Self- Employed Borrowers:
1- Business phone must be verified via 411 or internet
1-To be employed in the same line of work for minimum of TWO years
Program Highlights For Purchase Transactions
1- Maximum debt to income coverage to be 45%
City Capital Realty understands your needs if you are self-employed or have a complicated income structure. Our Stated Income Mortgage allows you to borrow up to 60% of your property’s value without providing income documentation. Borrower approval is based on your credit history, verifiable liquid assets, the value of your home and your stated income. This loan product is unique.
Credit & Reserves:
- No mortgage payments more than 30 days late in the past 24 months.
Reserves can be from checking, savings, CD's, money market accounts, cash, stocks, bonds, IRA's, 401k's, and Keogh accounts
Stated income home loan has a higher interest rate and more points than other loan that require documentation
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Shawn Rabban 310-714-5616
City Capital Realty
"California Department of Real Estate, Real Estate Broker".
CAL BRE. 00667328 NMLS 298861 / 729817
Terms and condition are subject to change without notice. Some restrictions may apply.
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