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Stated Income &
Self Employed Loans
For stated income mortgage loans in
qualifying for these products, the lender
will not require you to provide standard
explanations of your income. One example of
which is your tax returns. In this situation
there is no verification of your actual
income, but you must state the source of
your income.
Stated Income Mortgage Loans are
often the perfect choice if you feel that
although you may be well qualified, you
would rather not provide the income and
asset information that is typically
requested with a loan application. There are
many reasons why a person would find
themselves in this position, including:
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A complex tax return |
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Self-employment |
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Employed by businesses that deem a large
portion of income to be written-off –
such is the case for many contractors,
waiters and waitresses |
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Or for countless other credible reasons
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Blackstone Mortgage Corporation can arrange
for flexible documentation options to verify
monthly deposits in lieu of pay receipts.
These options may include:
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No Income/Asset - Income and assets are
not verified |
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Stated Income/Asset - Figures are stated
on the application but not verified;
perfect for irregular pay borrowers with
different levels of credit |
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No Ratio - Assets are provided although
income is not disclosed: ideal for those
with complex finances, or those with the
inability to document income but have
strong assets |
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