Sonoma County Lender - Stated Income Home Loan

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Stated Income

Available with most loan programs

This Qualification type gives you the convenience of not providing historical documentation which supports your income. With this loan you must be able to show cash reserves adequate to cover six months of mortgage payments.

When to choose this type of loan:
  • If you want the convenience of providing minimal documentation for loan approval
  • If you have cash flow to support your loan request, but cannot document your income with historical tax returns
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September 4, 2010