Stated income non-QM loans are a type of mortgage loan that is designed for borrowers who may not have access to traditional forms of income documentation, such as pay stubs or tax returns. These loans are based on the borrower's stated income, rather than verified income documentation, which can make them a more flexible and accessible financing option for certain borrowers. We'll take a closer look at stated income non-QM loans and how they can benefit borrowers.

One of the key advantages of stated income non-QM loans is that they allow borrowers to use their stated income, rather than traditional income documentation, as proof of income. This can make it possible for borrowers who may not have access to pay stubs or tax returns, such as self-employed individuals or gig economy workers, to qualify for a mortgage loan.