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Westport Stated Income Loan | Growth Lending Group – Through our stated income commercial real estate loan program, we offer the following: Fixed-rate, amortized loans of up to $500,000 with 25-year terms. Loan-to-value (LTV) ratios of up to 75 percent for mixed-use or multifamily properties encompassing at least five units with a credit score of at least 700.
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Stated Income Loans in 2019 – Lenders, Rates and Mortgage. – Stated Income Loans in 2017. Just a few years ago, stated income loans were very popular and there were plenty of stated income lenders who had flexible guidelines and low stated income rates. Then the housing crisis hit and lenders began pulling their stated income mortgage programs.
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Stated income loans are for non-occupying investors looking for short term financing on an investment property they plan to flip, or use for rental income. It is now illegal for any consumer to get a stated income mortgage for an owner-occupant property.
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Stated Income Loan California, Mortgage Lenders – Elite. – Stated Income Loans California. This is a type of loan where the borrower is buy finast malaysia not required to provide W-2 forms or similar records in order to verify their income. The borrower simply states their income. Also known as no income documentation (or no doc) loans, stated income loans are available in most areas of California.