Stated Income Mortgage Loan Broker in Denver

Stated Income Mortgage Loan Broker in Denver

Are you looking for a stated income mortgage broker in Denver? You've found one of the best with US Mortgages! US Mortgages is one of the few stated income mortgage lenders in Denver 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 in Denver below.

What are stated income loans?

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 in Denver through US Mortgages.

Who benefits from stated income loans?

It is easy to understand why stated income loans 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.

About US Mortgages

US Mortgages has been providing stated income loans since 1996. Let us know how to reach out to you, </about-us/contact-us-mortgages> or give us a call to let us begin improving your family's financial situation with a stated income loan today.

Pre-Qualify In Minutes, With No Impact To Your Credit Score

With just some basic information, you are on your way to your new Home. In most cases, our agents will call you in a few minutes to get things started. In some rare events it could be up to 24 hours. We always try to call between 8am and 5pm MST, so we don’t disturb you after hours. If you would prefer we did call outside those ours, please just add in a note and we will be happy to oblige.

Why should I get pre approved for my home loan or refinancing?

Home loan pre approval in Denver simplifies the loan process. Preapproval allows a lender to see a full 360 degree view of the borrower's financial situation, enabling us to advise borrowers on all home loan considerations. This helps us identify which loan we offer is the best fit for the borrower. Prequalification allows borrowers to pursue the loan that's best for them and their financial situation.

How can I get ready for home loan prequalification in Denver?

Excellent question! A great place to start is by understanding what lenders look at. For the most part, lenders look at 4 things. The first is your FICO credit score which includes your payment history, credit utilization and the length of your credit history. The second is your income with respect to your monthly housing costs. The third is the number of current loans you have and their status. The fourth and final thing lenders consider is the percentage of the cost of the home you're looking to purchase that you can put as a down payment. Get ready for prequalification by understanding your status in these areas and identifying what you can do to improve them before buying a home.

About US Mortgages

US Mortgages has been securing mortgage pre approval in Denver for over 20 years. Let us know how to reach out to you, or give us a call today.

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Pre-qualification means one of our mortgage specialists will contact you. This does not represent an offer to enter into a loan agreement. Loans subject to credit and property approval. Normal credit qualifications and other terms and conditions apply. Not all loan products or terms are available in all states.