SEEN ON

(888) 634-4260

(888) 634-4260
0

18 December 2013

Stated Income After Foreclosure

Are you self employed? Can’t qualify for a new home after foreclosure because the lender is scrutinizing your tax returns?  Being self employed often makes it difficult to qualify because often there are plenty of allowable write offs.  If you have a substantial down payment and have been denied a new purchase loan after foreclosure […]

image

Are you self employed? Can’t qualify for a new home after foreclosure because the lender is scrutinizing your tax returns?  Being self employed often makes it difficult to qualify because often there are plenty of allowable write offs.  If you have a substantial down payment and have been denied a new purchase loan after foreclosure because of your income, this program is just for you.

Here are the details of the stated income loan after foreclosure:

Primary Residence, Second Home and Investment
Purchase, Rate/Term Refinance and Cash Out

  Property Type  

  Maximum
LTV/CLTV

  Maximum
Loan Amount  

  Minimum
Credit Score  

  Underwriting
Engine &
Required
Response

  Maximum
Cash-Out

1-Unit PUD

55%

$1,000,000

620

Lake
Forest

Maximum
Loan Amount  

50%

$2,500,000

Condo
2-4 Unit

50%

$1,500,000

50%

$2,500,000

Not Available

 

 
  1. Self Employed Borrowers Only
  2. Minimum 3 months business bank statements required
  3. Min FICO 620
  4. Loan amounts from $200,000 to $2,500,000
  5. First-time homebuyers OK
  6. Borrowers with up to 10 financed properties OK
  7. Second Home and Investment Properties OK
  8. No tax returns or 4506T required
  9. Gift funds acceptable after minimum down payment contribution
  10. Interest only available

For more details on this stated income loan after foreclosure or short sale, please call the toll free number above or email us at info@afterforeclosure.com

Leave a Reply

Your email address will not be published. Required fields are marked *

Do You Qualify? Click Here to Find Out!