Stated Income Mortgage Lender
Are you looking for a stated income mortgage broker? You've found one of the best with US Mortgages! US Mortgages is one of the few stated income mortgage lenders that offer loans at a competitive rate. Learn more about the stated income loans we offer, who is eligible and how to get started on your stated income mortgage below.
What stated income loans are available to homeowners?
Stated income loans are available to borrowers with a range of credit histories and income situations. Rather than requiring a complicated process for verifying income, US Mortgages helps more people get into the home of their dreams by offering stated income loans to borrowers with stable income, good FICO credit scores, verifiable employment, and a couple of other qualifying factors.
While income will not be verified, buyers must be prepared present their full credit history, and make a much more sizeable down payment. Many buyers though, particularly those who are self-employed, and/or have large reserves of cash on hand, find that the larger down payment is well worth not having to go through the complicated process of proving their income.
Let us know how to get in touch with you to assess your financial situation and see if you and your family qualify for stated income loans through US Mortgages.
Who benefits from stated income mortgages?
It is easy to understand why stated income mortgages have seen such a rise in popularity recently. With economic growth comes a wide range of potential borrowers with good, steady employment, but who may also have difficulty providing an exact figure for their monthly and annual incomes.
Stated income loans are perfect for people who are self-employed, or for the entrepreneurial investor with cash on hand. For example, many people whose income comes primarily from real estate investment can be considered self-employed and may have trouble securing an additional mortgage because their debt to income ratio would prevent them from purchasing another investment property.
Let us be Your Stated Income Mortgage Broker
US Mortgages has been a stated income mortgage lender since 1996. Let us know how to reach out to you, or give us a call to let us begin improving your family's financial situation with a stated income loan today.