for Alabama, Missouri, Mississippi, North Carolina and Tennessee Mortgage
Spacer | Home | Specialty Programs: Stated Income No Ratio Loan No Income Verification No Doc Mortgage
Careers for Professional Mortgage Originators
Happy Alabama Mortgage Customer Mississippi Mortgage Customers Child Playing at New Home. This Tennessee Home Needs a Home Buyer with an Approved Mortgage!
Home Buyers Refinance Jumbo Mortgages Home Equity Book Mark Our Site! Spacer

Print This Page

Stated Income Vs. Nina

Stated Income Program

Mortgage Program Notice

Stated income programs, or a variation of No Income Verification, with zero down for purchase can start with as low as 600 to 620 middle credit score for loans in places such as Athens, AL or any of the other communities in the service area. The lender asks for employment verification for 2 years, or if self employed, a CPA letter. Asset disclosure is required for this loan program. Our real estate Investor program, Investor NIV, has many of the same underwriting guidelines. The traditional borrower will need 3 months of bank statements and the mortgage payments are required to be seasoned for at least 2 months with appropriate exceptions.

The underwriter will require a 12 month rental history or 12 months of mortgage history with 1x30. This is means you could have been late only once in past 12 months to qualify for this program.

Stated Income Stated Assets Program

Mortgage Program Notice

We can do a Stated Income & Assets program with a credit score as low as 620 from Johnson City, TN, to Cary, NC, down to Kansas City, MO and back to us here in Alabama. The lender simply verifies employment with a verification of employment letter and or a CPA letter if self employed. Appropriate qualifying credit trade lines are required along with 4 to 5 very minimal mortgage loan packaging requirements and 12 months of past rental or mortgage history. A comparable offering for Investors would be our No Ratio Investor Loan, which has similar traits, but does have its own unique underwriting requirements.

No income No assets No employment Program

Mortgage Program Notice

This is exactly what it means; the No Income No Asset program requires you basically SHOW nothing to the underwriter. The mortgage application is left blank and only requires a few basic bits of nondisclosure information and an original signature. These program start with a higher credit score and rental or past mortgage history. Consistent credit trade line requirements must be met to qualify whether your in Hattiesburg, MS or Greensboro, NC. The highest loan to value on a NINAE program is 95 percent. We have an absolutely outstanding 95% NOO No Doc For Investors that carries very similar underwriting guidelines, but it does require higher credit scores.

FHA Loan Program

Todays Market Trends

128 Bit Secured

Fixed Rate Loans | 106% Financing | 103% Financing | 100% Financing | 80/20 Piggie Backs
97% Financing | Construction Loans | Lot Loans | First Time Buyers | Down Payment Help
Fixed Vs. ARMS | Real Estate Agents | 1/1 ARM | 3/1 ARM | 5/1 ARM | 7/1 ARM | 10/1 ARM
Option ARM Program | Cash Out Refi | Debt Consolidation | HELOC's | Fixed Vs. ARM
Real Estate Agents | Closing Costs | Investor Purchase Money | 100% Investor Financing
Investor Refinancing | NOO NIV | NOO No Ratio | 95% NOO No DOC | Bad Credit Home Buyers
Bad Credit Refi | Bad Credit 2nd Mortgage | Hard Money Loan | Fixed Rate Refinancing
Privacy Policy | Terms of Use | Resource Partners | Sitemap

Quick Application

© Copyright 2006 - 2018

Florida - CL0702570 | Alabama - HUD Exempt | Missouri - HUD Exempt | Tennessee - #1004
Mississippi - #241/2008 | Louisiana - RML 995-0 | Georgia - #18150
North Carolina - #L-117694 | Texas - #44649 | Virginia - #MLB1063 | Oklahoma - HUD Exempt

NetworkFunding, LP

Custom Web Design