Who Would Benefit from a Stated Income Mortgage?

StatedIncomeMortgage.com is proud to offer a unique solution for individuals who may not qualify for traditional home loans due to their employment status. Our Stated Income mortgage program is specifically designed for self-employed borrowers, independent contractors, and even those who may be currently unemployed. This program does not require income documents, making it ideal for individuals who have difficulty providing traditional proof of income.

Self-employed individuals often face challenges when it comes to obtaining a mortgage, as their income may not be as easily verifiable as those with traditional W-2 jobs. Our Stated Income program eliminates the need for income documentation, allowing self-employed borrowers to still qualify for a home loan based on their assets and credit score.

Independent contractors also benefit greatly from our Stated Income program. Many independent contractors have fluctuating incomes or multiple sources of income, making it difficult to provide the necessary documentation for a traditional mortgage. With our program, independent contractors can still qualify for a home loan without the hassle of providing income documents.

Even individuals who may be currently unemployed can benefit from our Stated Income program. While traditional lenders may require proof of current employment and income, our program focuses on the equity in the property and the borrower’s credit score. This opens up opportunities for individuals who may be in between jobs or have unconventional sources of income.

Overall, our Stated Income mortgage program is a great option for a wide range of individuals who may not fit the traditional mold of a borrower. Whether you’re self-employed, an independent contractor, or currently unemployed, we are here to help. Contact us today to learn more about how our program can benefit you.