Stated Income Loans In Arizona

By
Mortgage and Lending with VIP Mortgage, Phoenix AZ Mortgage Consultant & CE Instructor 217716

Get stated incoStated Income Loans AZ, AZ home Loans STATED INCOMEme 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 LetterInterest Rate Quote Arizona,  Arizona Mortgage Loan, Mortgage Rate Quote
  • 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.

PLEASE READ!

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.

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Anonymous
joe Zahara

Can you still refi if you are underwater?

I own a home in Fountain Hills and I owe 980000 and it worth around 800000 Do I have any way to refi.  My current rate is 6.75 and 30 year fixed

I also own my business for 11 years and have used stated income in the past.  Do you have advice?

 

Thanks

 

Joe

Jan 29, 2011 07:13 PM #2
Rainmaker
78,698
Joe Hansen
VIP Mortgage, Phoenix AZ Mortgage Consultant & CE Instructor - Phoenix, AZ
Your Mortgage Lender

Joe,

Unfortunatly there are no loans available "that I have been able to find" for those who are upside down on a Jumbo loan.  FNMA offers a DU Refi plus if you are under 417,000  but even then you have to fully qualify.  If you can ride out the storm things should turn but it will take a few more years.

Feb 01, 2011 06:33 PM #3
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Rainmaker
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Joe Hansen

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