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STATED INCOME MORTGAGE LOANS

STATED INCOME LOANS

Stated Income Loans are mortgages that do not verify income like traditional mortgages do. With a Stated Income Loan, the customer can state how much they make per month on the application without having to back up that info with documentation. This type of loan is most useful for self employed customers, business owners, and any customer who has trouble documenting all thier income, such as waiters and people who earn large amounts of tips.