Is anyone doing the stated income mortgage loan anymore?I want to buy a home.What's the min. credit score?

Question

How much down if any? What can I expect for intrest?

Answer 1

State Farm Bank does them. Minimum credit score is 720, but I don't know the max LTV. Call your local agent and he can connect you to the mortgage department. Rates will vary with the dollar amount, the loan to value ratio, whether it's primary residence or investment, and your credit score. They'll work up a calculation and explain their processes.

Answer 2

There are very few, but yes. Since you are purchasing you will need assets. I take it you are self employed? You may not need to go stated.

I might be able to assist you.