Stated Income / Verified Assets 660 Credit Score
Loan Program Overview Primary Residence Stated Income
This Stated Income / Verified Assets mortgage program is tailored for self-employed borrowers who need alternative income documentation. With simplified guidelines and no tax return requirement, it’s an excellent option for those with strong assets but non-traditional income sources.
Key Guidelines
* Minimum 640 Credit Score
* Maximum 75% LTV
* No 4506-C Form Required
* Loan Amounts: $200,000 to $5,000,000
Eligible Occupancies:
* Primary / Owner-Occupied
* Second / Vacation Home
* Investment Property / Non-Owner Occupied
Eligible Property Types:
* Single Family Residence (SFR)
* Condos <4 stories
* Townhomes
* 2-4 Units
Terms Available:
* ARM 30 year amortized
* Fix and Flip – OK
* Cross Collateral OK
Available in the Following States:
Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin, and Wyoming..
Reference – 124 526020315