# Non-QM Loans

Stated Income

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.

Up to
90%
LTV - Purchase
90%
LTV - Rate & Term
80%
LTV - CASH OUT
$150K up to $5M

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# Apply For Stated Income

Stated Income

The main benefit of stated income non-QM loans is the ability for borrowers to qualify for a loan without having to provide detailed income information. This can be especially helpful for self-employed borrowers who may not have the same income stability as those with a regular salary or wages. It can also be helpful for those who have recently changed jobs or experienced an income interruption or decrease.

The downside to these loans is that they can be more expensive than traditional mortgages. Since lenders are taking on more risk by not verifying income, they must charge higher interest rates to make up for that. This can mean a higher monthly payment for the borrower and a longer loan term.

For borrowers who are considering a stated income non-QM loan, it’s important to understand the risks and benefits

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"I had a great experience working with Groves Capital. Chris and his team were extremely helpful and responsive throughout the entire process. They made the whole experience easy and stress-free. I highly recommend Groves Capital for any mortgage needs!"
"We felt very supported in our loan and made the process very easy. Thank you to Chris and his team for the excellent communication and support."
"Josh Settersten is fantastic!! My husband I had the pleasure working with Josh via our first home buying experience, and he made it such an easy process! He was always quick to respond to any of our questions and kept us updated throughout the entire process. We are beyond g
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"Desmond, Experience in finding the right solution to getting a home loan was outstanding. His commitment to detail shows that he has his clients best interest at hand. Trust is the most important things when it come to getting a loan and providing personal information. Thank
"Mike Reeves was absolutely amazing. The best loan officer I could have asked for. He was there every single step of the process and answered all my questions immediately. I would HIGHLY recommend him to anyone looking to purchase! Great attitude, can do it spirit, and very k
"I recently had the pleasure of working with Lance Gebhart on my journey to becoming a first-time homeowner, and I cannot express my gratitude enough for the outstanding service he provided. From the initial stages of the homebuying process to well beyond the closing, Lance

# Apply For Stated Income

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