The stated income loan received a bad reputation after the housing crisis. In fact, there was a long period of time where no lenders offered this program at all. Now that things have settled down and lenders figured out the best way to handle certain situations, the stated income purchase and stated Read more
Can You Get a Mortgage With no Income Verification?
Prior to the housing crisis, stated income loans were easy to obtain. As long as you had good credit, lenders believed the income you “stated” was accurate and funded the loan. Then the housing crisis occurred and stated income loans took a leave of absence. Today, they are slowly making a comeback, Read more
