15% Down Florida Stated Mortgage Lenders up to 1MIL
Stated Florida Mortgage Lenders – Same Day Pre-Approvals in every city in Florida.
The Stated Florida Mortgage Lenders only loan program is for home buyers and home self-employed.
Stated borrowers that can document their income by providing
- 24 months Stated and 24 months +
- NOT AUDITED PROFIT AND LOSS signed by a licensed agent.
FL STATED MORTGAGE LENDERS
The Stated Florida mortgage lenders allow you do document you income by using bank statements in lieu of traditional full doc loans with tax returns via 4506T to support income. In addition, if there is a wage earner borrower, too, primary or co-borrower, and the loan applicant uses their W-2 and paystub for income documentation because this Stated Florida Mortgage Lenders Only mortgage loan program does not have a prepayment penalty, Stated Florida Mortgage Lenders only borrowers can refinance our Stated mortgage lenders at any time with NO PRE-PAYMENT PENALTY to obtain a lower rate or take cash out.
STATED FLORIDA MORTGAGE REQUIREMENTS CHANGE RAPIDLY
Bank Statement Guidelines Focus Points Include:
• Purchase, Rate and Term refinance and Cash Out Refinance
• Income Program:
• Alternative Documentation "Alt-Doc"
• Income Documentation:
• Unconventional - 12 months Stated Florida Mortgage Lenders for self employed
• and or
• Conventional - W-2 and paystub for wage earners
Stated Employment Type:
• Self Employed
• W-2 Salary Wage Earner
Stated Qualifying Credit Criteria:
STATED FLORIDA MORTGAGE LENDERS GUIDLINESS ARE CHANGING DAILY!
FILL OUT A FULL APPLICATION FOR A SAME DAY PRE APPROVAL!
STATED FLORIDA MORTGAGE LENDERS PROGRAM NOTES
Credit Scores: 500
Loan to Value ratio (LTV) 85%
Debt to Income Ration (DTI): 50%
Maximum Loan amount: $3,000,000
Property Types: Single Family Residence (SFR) 1-4 Units
Occupancy: Owner Occupied / Primary
7 year ARM
30 year Fixed add .25
15 year Fixed add .50
No Prepayment Penalty
Stated Florida Mortgage Lenders Loan 500 Credit Score
Stated Florida Mortgage Lenders Loan for Stated Borrowers
Stated Florida Mortgage Lenders Income Loan
Stated Only - Personal or Business Florida Stated Mortgage Lenders.
Stated Mortgage Lenders loan means to utilize 24 months of borrower personal and or business Stated Mortgage Lenders to show income in lieu of traditional income documents. This income documentation option is for the owner-occupied purchase, refinance and or cash out loan.
24 MONTHS STATED FL MORTGAGE LENDERS
This Stated Florida mortgage lender requires 24 months and will utilize gross monthly deposit amounts to represent gross income. Personal Stated Mortgage Lenders can be used as business Stated Mortgage Lenders. All pages required (except processed checks) for all months.
Florida Jumbo Stated Mortgage Lenders Loans Up To 2 Million
Qualify 12 Months Stated Mortgage Lenders - 12 Month Average Balance for Income Documentation
Stated Florida Mortgage Lenders in this case are used as a traditional income documentation alternative. However,1099's can be used without the 1040 or schedule C can be accepted and considered more like a full income documentation program which will produce full income documentation pricing.
Stated Mortgage Lenders 85% Financing Available
Loan Purpose / LTV:
Stated Mortgage Lenders Purchase or Rate and Term refinance 90% LTV to $450,000
Cash Out Refinance case by case to $600,000 - 75% LTV
Credit Score 660 minimum middle for all borrowers
Bankruptcy discharged - 2 years seasoning required
Foreclosure discharged - 4 Years seasoning required
5, 7 and 10 year ARM's and 15 year fix
Owner Occupied Only
1-4 Unit properties OK