Low Document /
Stated Income Loan
Get a loan that allows for various alternative income verification.
Provide little or no information about your employment
What is a Low Document/Stated Income Loan?
A Low Document/Stated Income loan allows a borrower applying for a mortgage to provide little or no information regarding their employment, income, or assets. Alternative income options or no income options are used.
Typically available for self-employed, 1099, or tipped service workers, these loans allow for various alternative income verification.
Do I Qualify for a Low Document/Stated Income Loan?
This is a great option when a borrower does not meet the conventional/conforming income requirements.
You should have:
- 24-months of recent employment
- 600 credit score
- 2-12 months of Reserves for Principal, Interest, Taxes, Insurance, and Association dues (PITIA)
- Larger down payment may be required
When you choose us, we'll work within your budget to determine how you can get the property you're looking for. Combining this empathetic listening with our skills and experience, we'll make sure you're the one getting a good deal. That's the Buckeye Lending Solutions promise.
Trust the Mortgage Experts
Prompt Loans
Working For You
Friendly support
Great Value
EXPERT LOAN COUNSELING
At Buckeye Lending Solutions, we help people buy their dream home. Let's help you buy yours.
