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Loan Programs
Fixed Rate Mortgages
Adjustable Rate Mortgages
Balloon Mortgages
First Time Buyer Programs
No Income No Asset
Stated Income Programs
No point, No fee Programs
Sub Prime Credit Programs
Home Equity Line of Credit
Teachers Program
100% Loan Programs
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Stated Income Programs
Best if you are unable to verify employment income. (Tipped employees,
etc.)
Advantages
- Income is not verified but it is stated on the application
- Limited documentation
- Faster closings
Disadvantages
- Higher rates
- Down Payment will vary
- Best programs want to verify assets (401k, 6 months reserves, stocks,
bonds)
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