Stated income loans are back for the solid borrowers
Financing for a luxury home can be challenging without the right lender connections. High income earners often do not show the real income on their tax returns.
This loan is for your clients that have cash assets and would like to buy their dream house. Their tax returns do not tell the whole story of their income, or their income has increased dramatically in the last year. This loan is underwritten by real people on a make sense basis.
Ø Primary Residence SFR
Ø Loan amounts $417,000 – $2,000,000+
Ø 5/1 and 7/1 ARM’s
Ø Must have 5 years employment
Ø Must have 100K+ in liquid reserves
Ø Maximum loan to value 70%
Ø Maximum debit to income ratio 38%
With Mortgage Money Store you will have a knowledgeable and experienced team of experts working to close the loan and you will get your commissions on time.
Please call today to get the right financing for your clients that wish to buy a luxury home with stated income.
Max Nasab
Mortgage Consultant
206-719-2694
NMLS ID# 112686
All loans must qualify through lender underwriting and are subject to interest rates available at the time of application. Approval is subject to acceptable appraisal, title, homeowner’s insurance, verification of assets and a minimum FICO score of at least 700.
A flyer is available at: http://realestatebrokerconnection.com/sales-materials/
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