Our "stated" income program is Not offered by our lenders. This program is changed to copy of most recent two years of Tax Return for self-employed borrowers and allows you to "State" your income without the need for 41% Debt-To-Income Ratio. Our stated income program allows a borrower to meet the higher "Debt-To-Income" ratio required by our lenders.
A stated income mortgage is always good for the borrower with higher income potential in the near future. Or, the income is usually cash and is not consistent.
A great loan program for the borrower had good credit score and willing to work hard for their future.