Stated Income Mortage Loans, and No Income Verification for New Jersey Borrowers

June 1, 2010 - PRLog -- Our Stated Income Loan program can help self-employed borrowers purchase or refinance their existing primary residence or 2nd home.  The rates are great, just a slight premium over full income documentation programs.  The maximum Loan to Value is 70% and there is some credit flexibility depending on the entire scenario.  For more information and more guidelines visit my web site at http://www.StatedIncomeLoansNJ.com.  Cash-out Refi is OK

Also at that web site, you'll find information about the popular No Income Verification (sometimes call No Doc or Low Doc) program.  This is ideal for either wage earners or Self-Employed individuals.  There is no need to state an income on the mortgage application.  You must have good credit and the maximum LTV can be lower than on a Stated Income Mortgage Loan program.  Purchase and Refinances are also permitted here including cash-out refis.  More info at http://www.StatedIncomeLoansNJ.com

For borrowers seeking No Doc loans on Investment properties, we cover that as well.  The rates are higher, but it is a complete No Doc loan based on the purchase price or appraised value if a refi.  This program also allows for seller or secondary financing.  

Call Robert Bornstein, Licensed Mortgage Originator at 732-207-8409  or e-mail Robert@123MortgagePro.com  NMLS# 228572

United Capital Lenders LLC,  8 Main St Flemington NJ  

All loan programs are for qualified applicants only.  All programs may be changed or withdrawn at any time.  Please speak to a mortgage originator for complete guidelines and requirements.  These loans may be arranged through 3rd party lenders.