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Stated Income
Stated Income mortgage loans are programs that do not require income verification. These programs are available for
salaried, commissioned, or self-employed individuals whose tax returns do not reflect their true income. Stated
income loans come in many different formats. The more information provided and verified the less the interest rate and down
payment required. There are also loans that do not require any income or asset information and are based solely on
credit history and down payment.
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