Stated Income Mortgage Program for New York and New Jersey
New York and New Jersey citizens are at a great gain when it comes to option lending programs. While other parts of the country are limited in what types of loans they can supply self-employed business proprietors, individuals in NY and NJ can nonetheless use for stated income programs.
If you’re an existing owner of a 1-4 family home or condominium which you at present occupy and therefore are looking to refinance or if you’re seeking to purchase a primary home home, you may be able to obtain a New York Stated Income mortgage that does not demand the complete documentation of standard underwriting specifications. This program is being provided.
1000′s of self-employed business entrepreneurs have previously taken gain of this incredible possibility by just “stating” their income. By placing additional fat to your credit scores, payment histories and belongings, a choose group of loan companies I have teamed up with are in a position to grant deserving business owners their opportunity at a mortgage.
The stated income loan is available for the following New Jersey counties: Atlantic, Bergen, Burlington, Camden, Cape May, Cumberland, Essex, Gloucester, Hudson, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Salem, Somerset, Sussex, Union and Warren. New York counties eligible for the program contain: Suffolk, Nassau, Rockland, Orange, Putnam, Westchester, Dutchess, Columbia, and Richmond (Staten Island) counties. If you are a resident or are searching for a home in any of these counties, you may qualify for the program.
In addition to only being provided to self-employed business proprietors, and NY and NJ residences, borrowers may only ask for 65% LTV .Trusts or LLC titles are not limited and no minimal FICO score is required. Strong evidence of financial balance, asset documentation, evidence and length of ownership of a business are all required. Make contact with me today to make sure your eligibility.
To learn more, pay a visit to NY STATED INCOME MORTGAGE as well as NY FHA MORTGAGE
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