Stated income loan
A stated income loan is a mortgage where the lender does not verify the borrower's income by looking at their pay stubs, W-2 forms, income tax returns, or other records.
USDA Loans, Mortgages For Rural Farmers and Low Income Farmi
Posted by admin / Under Stated Income Loan
The Rural Housing Service (RHS) of the United States Department of Agriculture (USDA) sponsors home loans referred to as Section 502 loans. Under Section 502, direct loans
Published on Monday 26th of July 2010 11:39:38 AM
- Georgia gets another $30M for home loans
Posted by admin / Under Stated Income Loan
Georgia is receiving an additional $30 million in Recovery Act funds for direct home loans through USDA Rural Development, when pooled funds from all states are redistributed from Washington, D.C. These loans are for qualifying families considered to have low and very low incomes to purchase or build a home in a rural area.
Published on Monday 26th of July 2010 11:39:38 AM
Shopping Center Financing
Posted by admin / Under Stated Income Loan
City Capital Finance specializes in providing service when it comes to shopping/retail center commercial loans with both full documentation and stated income variants
Published on Monday 26th of July 2010 11:39:38 AM
No Doc Mortgages AKA: 'Liar Loans' Make a Comeback
Posted by admin / Under Stated Income Loan
All the rage during the peak of the housing boom, these mortgages went by names like "no-doc" (meaning no documentation of income required), "low-doc" or "stated-income" mortgages. In all cases, banks set aside their underwriting standards based on what borrowers could prove they were earning with pay stubs, tax returns and the like.
Published on Monday 26th of July 2010 11:39:38 AM
US Unfunded Liabilities: 108 Trillion - We Must Default Debt
Posted by admin / Under Stated Income Loan
Total United States unfunded liabilities? I believe that says $108 trillion.With average family income at about $62,000, can you ever pay that off? Someday soon, people are going to stop loaning money to these Pharoahs of Fakery, these Ptolemies on the Potomac or else Washington's creditors are going to start demanding some serious collateral.
Published on Monday 26th of July 2010 11:39:38 AM
Health Professionals Get Expanded Tax Benefits
Posted by admin / Under Stated Income Loan
Health care professionals who have received student loan relief under state programs that reward those who work in underserved communities may qualify for refunds on their 2009 federal income tax returns, as well as an annual tax cut going forward, according to the IRS.
Published on Monday 26th of July 2010 11:39:38 AM
SBI targets existing customers for second home loans
Posted by admin / Under Stated Income Loan
Increase in disposable income as a result of substantial jump in the pay of employees working in the Government (Central and States), public sector enterprises, banks and private sector firms has prompted the bank to woo existing customers with good track record with an offer of a second home loan
Published on Monday 26th of July 2010 11:39:38 AM
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