LENDERLINE^® is currently offering stated income verified asset investor mortgages, under the following guidelines:

• Property must be located in the State of California.
• Income is stated but not verified (see underwriting guidelines).
• Wage earners or self-employed borrowers allowed.
• Verbal verification of employment with no reference to income required for wage earners.
• Current plus past 2 years’ business or professional license required for self-employed.
• CPA letter may be used to verify self-employment in lieu of business or professional license.
• No paycheck stubs.
• No W2s.
• No tax returns.
• No 4506-T.
• Up to 75% loan-to-value (see underwriting guidelines).
• US citizens and US permanent residents allowed.
• Foreign national allowed to a maximum of 70% loan-to-value.
• Credit scores as low as 500 allowed.
• $100,000 minimum loan amount.
• $5,000,000 maximum loan amount.
• Non-owner-occupied or business purpose properties only.
• Primary residence or second homes are not allowed on this program.
• Purchase, rate and term, or cash-out refinance.
• SFR, PUDs, condos, townhouses, and 2-4 unit properties.
• For sale by owner transactions are not allowed.
• Maximum debt-to-income ratio is 50%.
• No reserves required.
• Gift funds allowed for down payment and closing costs.
• Impounding of property taxes and hazard insurance is required.
• Available only as a 5/1 ARM or 7/1 ARM, with a term of 30 years.
• All loans require impounding of property taxes and hazard insurance.
• Interest-only option available (see underwriting guidelines and pricing adjustment).
• No prepayment penalty.

LENDERLINE^® is your stated income verified asset lender of choice. We offer stated income loans in California. Get a stated income mortgage, also known as a SIVA loan, today.

Questions? To get today’s interest rates or to receive a FREE mortgage consultation, call LENDERLINE^® toll-free at 1-888-661-7888, or complete this form to schedule an appointment.