Get stated income loans in Arizona. Stated Income loans are back as one of the options for homebuyers in Arizona. Years ago stated income loans were one of the easiest ways of obtaining financing for self-employed borrowers. After disappearing due to the housing decline we have seen the resurgence of some loan programs and you can now again get a stated income loans in Arizona by contacting me 480-239-7766.
The stated income loan is designed for self-employed borrowers who may have large amounts of write offs on their taxes but can still afford a housing payment. Especially for those who have a home business and write off some of the expenses of the home they live in it can be very difficult to get a regular conventional loan.
Unlike before the Banks that do offer stated income loans in Arizona have tightened their belts and the guidelines are not as loose as they once were. Here are a few of the regulations and guidelines on Stated Income Loans:
- 720 minimum Fico score
- Self Employed only with CPA Letter
- Cash out Allowed on refinances
- Condo's not allowed
Rates and terms subject to change without notice
Getting a stated income loan in Arizona has opened the door for more buyers. Other restrictions on your loan may apply. Please contact me at 480-239-7766 or email me at JoeHansen@VIPMTGINC.com to be prequalified for a stated income loan. You can also visit my website to fill out an application.
Stated Income loans have temporarily been suspended in the state of Arizona. WE ARE CURRENTLY OFFERING A PROGRAM THAT REQUIRES 25-30% DOWN AND A LARGE AMOUNT OF RESERVES AFTER CLOSING - PLEASE CONTACT ME FOR FURTHER DETAILS FOR THIS PROGRAM.