STATED INCOME JUMBO LOAN 417,000 TO 2 MILLION FOR SELF EMPLOYED BORROWERS
We now have a Stated income Verified Asset Mortgage program. It is designed for High Net Worth Highly Qualified borrowers, with 700 minimum credit score, Owner Occupied Homes and Second Home only.
The mortgage program is designed for self-employed borrowers only and it is a Jumbo loan program. Minimum loan amount is $417,001 and we go up to $2 million dollars.
Single family homes and Planned Unit Developments only are allowed for this SIVA program. $750,000 min. net worth requirement.
Based on borrower’s verified Assets, we will request 3-6 months Personal Bank Statements to support the amount of income that is stated on the Mortgage Application.S