Home » Mortgage Loan » My bank told me a stated income mortgage loan for my home purchase is the way to go…what is that?
My bank told me a stated income mortgage loan for my home purchase is the way to go…what is that?
stated income? no doc? are these concepts of the past?* i know this is the time to buy....housing prices are low, interests rates are low, but doesnt that mean the banks reluctance to lend money has increased?* their guidelines…VA Loan-Need Advice Quickly-I am Stressing.... My DH and I were going to begin the preapproval process for a mortgage in April but our loan officer (referred to us by our agent and has over 15yrs of experience) stated that we…are there first time home buyer… My wife and I live in California and have to do a stated income loan because we both work for tips for a living. We both have credit scores above 750. Our loan officer said…