Stated Income Verified Asset Loans

LENDERLINE® is currently offering stated income verified assets consumer loans, 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 required for self-employed verifying business ownership and filing of tax returns.
  • Borrowers that file their own tax returns are ineligible.
  • Credit report must show current employer.
  • No paycheck stubs.
  • No W2s.
  • No tax returns.
  • No 4506-T.
  • Up to 60% loan-to-value (see underwriting guidelines).
  • Minimum 680 credit score.
  • $100,000 minimum loan amount.
  • $2,500,000 maximum loan amount for 1-unit PUD & SFR.
  • $1,500,000 maximum loan amount for 2-4 units.
  • $750,000 maximum loan amount for condominiums.
  • Primary residence, second home or investment properties.
  • Purchase or rate and term refinance.
  • Cash out refinance not allowed.
  • SFR, PUDs, condos, townhouses, and 2-4 unit properties.
  • For sale by owner transactions are not allowed.
  • Maximum debt-to-income ratios are 38/43.
  • Reserves of 12 months PITI required.
  • US citizens and US permanent residents allowed.
  • Gift funds allowed on certain transactions. See underwriting guidelines.
  • Reserves must come from borrower’s own funds on all transactions.
  • Impounding of property taxes and hazard insurance not allowed.
  • Available only as a 7/1 ARM, fully amortized, term of 30 years.
  • No prepayment penalty.

To download underwriting guidelines
for our stated income verified asset consumer loans:

To download a loan application
for our stated income verified asset
loan program to 60% LTV:

LENDERLINE® is your stated income verified asset lender of choice. Stated income loans, also known as SIVA loans, are back. Call today, and get your stated income loan California.

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.

  • Obtaining a mortgage through Lenderline was by far the best loan process we have ever experienced.

    Jay M.

    Northridge, CA

  • We have purchased and/or refinanced 4 rental properties and 3 different residences... In all those years, we have never dealt with such a professional broker.

    Toni M.

    Westlake Village, CA

  • Lenderline got us a cash-out refinance using 24 months bank statements as income, no tax returns, no 1099, and no 4506-T. They had just the loan product we were looking for, their rates were good, and their attention to detail was outstanding. I have already referred some of my friends.

    Thomas J.

    Perris, CA

  • I was at the end of my rope. Other lenders had turned me down due to a recent short sale, and I had a hard money loan with a balloon payment that was coming due. Lenderline was able to pay off my hard money loan, lower my interest rate, and provide some additional cash out at closing. What a lifesaver!

    Hector R.

    Northridge, CA

  • I had no FICO scores, and Lenderline was able to get me an FHA loan with only 3.5% down. My mortgage payment is less than my rent was, and I am now a happy homeowner thanks to the awesome loan agents at Lenderline.

    Edwin D.

    Los Angeles, CA

best live chat