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Need help First time Home Buyer

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APL247
Valued Member

Need help First time Home Buyer

 I'm looking to get a Stated income mortgage in NY 800k. Fico score all above 750...

Message 1 of 6
5 REPLIES 5
SouthernCredit
Frequent Contributor

Re: Need help First time Home Buyer

Didn't Dodd-Frank all but get rid of these? 

 

Assuming you're self employed and looking for a property you intend to occupy and not an investment property, I'd think you'd want to look for a non-conforming bank statement loan. 

 

I'll let one of the mortgage specialists in here correct me if I'm wrong. 

Message 2 of 6
VALoanMaster
Valued Contributor

Re: Need help First time Home Buyer


@APL247 wrote:

 I'm looking to get a Stated income mortgage in NY 800k. Fico score all above 750...


If this is for your primary residence, the closest thing to stated you'll get is a bank statement loan.

VA Mortgage Expert. Mortgage Banker lending in All 50 States.
VA, FHA, USDA. Jumbo, Conventional.
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Message 3 of 6
MauiMan85297
Valued Contributor

Re: Need help First time Home Buyer

Some investors will do 12 months of bank statements but the norm is 24 months.



Message 4 of 6
APL247
Valued Member

Re: Need help First time Home Buyer

 Can provide business and personal bank statements. I'm will to do 20% down payment.

Message 5 of 6
CreditFun
Regular Contributor

Re: Need help First time Home Buyer

I know a bank in midtown that will do this loan. 

 

It exists 100.

Message 6 of 6
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