Rates Below 5% on Stated Income Owner Occupied Properties

Mike Kagan Mike Kagan

Mike Kagan

President at Elite Financial NMLS#264278

发布日期: 2017年10月31日
+ 关注

Common sense stated income loans are available to homeowners. Recently, only investors were able to obtain stated income loans. Now self-employed and wage earning borrowers who qualify can take advantage of this great new program.

This program is for home buyers and those searching for rate and term refinances. A minimum FICO score of 700 is required, along with reserves and good loan to value. Minimum documentation is required, as these loans are structured to close quickly.

If any additional information is desired, or pre-approval is needed, please contact us for further details.

要查看或添加评论，请登录

Mike Kagan的更多文章

  • The Million Dollar Question
    2022年8月2日

    The Million Dollar Question

    Uncertainty is all around us, from price increases for gas, food and shelter to the war in Ukraine that will change the…

  • Where Are Home Prices Going?
    2022年8月2日

    Where Are Home Prices Going?

    Interest rates have been rising to do to the FED is increasing rates to try and stem the huge increase in inflation…

  • HELOC with stated income 3.88%
    2018年6月11日

    HELOC with stated income 3.88%

    A new HELOC (home equity line of credit) program is available that is sure to help people get the financing they seek…

  • Creative Financing Is Easier and Safer
    2018年4月2日

    Creative Financing Is Easier and Safer

    Getting well qualified buyers home financing is rarely a challenge and normally comes down to the best terms. Many…

  • FICO Issues? Low Rate & Fees Available to a 500 FICO at 85% LTV
    2018年2月2日

    FICO Issues? Low Rate & Fees Available to a 500 FICO at 85% LTV

    Yes, you read the title of the article correctly. Now there is 30 year fixed financing for low FICO score borrowers…

  • FHA loans with a minimum 500 FICO
    2017年10月31日

    FHA loans with a minimum 500 FICO

    Elite Financial has modified our FHA loan requirements to need only a 500 FICO score on our FHA loans. Now we make it…

  • Great News for Borrowers
    2017年10月27日

    Great News for Borrowers

    A new and aggressive stated income loan, with great rates for owner occupied properties, is once again available to…

  • Trouble Showing Income to Qualify?
    2017年10月13日

    Trouble Showing Income to Qualify?

    Although stated income loans are only eligible for investment properties and business purposes, we have loan products…

  • The deposits shown on just one bank statement can now be used as the income to qualify for home financing.
    2017年9月25日

    The deposits shown on just one bank statement can now be used as the income to qualify for home financing.

    Income is attested to and declared by the borrower, and a minimum FICO of 700 is required. This program is for…

  • Interest Only Loans Are Making a Comeback
    2017年8月23日

    Interest Only Loans Are Making a Comeback

    Interest only loans fell out of favor when the government cracked down on lending during the great depression. Although…

社区洞察

其他会员也浏览了