NO INCOME NO ASSETS

Stated Income/Stated Asset

Taxes do not reflect Income

When you do not want to show all the documentation!

. 100% financing- at competitive rates Ø Interest Only Programs.

. All types of properties eligible Ø 660 of credit scores allows you to reach better rates

. Stated Income/Stated Assets Ø 95% with no docs (680 credit Score).


This means that there is no verification of your income and or assets , but you must state the source of your income and source of assets. Usually, the income amount stated must be reasonable for the occupation stated by the borrower. Individuals likely to be interested in a stated income loan are typically self-employed or individuals who write-off a large portion of their income such as commissioned salespeople, contractors, waiters & waitresses. Employment is verified via a verbal or written verification of employment. Stated Income/Stated Asset loans generally require a credit rating above average.