# 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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"Josh Settersten, was AMAZING to work with. Really really good at what he does. Professional, trustworthy, good listener and tries to get you the best deal out there. I learned so much about getting a mortgage from him. He delivered on all fronts. I am glad I had him in my co
"Josh helped tremendously throughout the entire process of purchasing our first home. He was excellent at communicating and overall exceeded our expectations. I would highly recommend working with Josh!"
"I can not say enough great things about Brandon Wunder! Our loan was complicated to say the least, and Brandon and his team were there with me every step of the way! With every problem he communicated and found a way to solve them. I was so nervous about this process and Br
"Groves Capital is the BEST!! Before purchasing my home, I spoke with several brokers and it was such a hassle. I mean seriously, the initial broker I was working with made me want to give up on buying a house entirely.. And then Groves Capital came along! This dream team rea
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"I had the great pleasure of working with Josh. Not only was he super accommodating but he helped me every step of the way! For me personally, this was the first time I ever bought a home and I can certainly say that without Josh it would not have been as smooth! Thank you ag
"June An is the best! Super attentive, responds quickly, and is always there for you every step of the way. I’ve used him for both second home loan, primary home refi, and heloc loans and every time has been a wonderful experience. He acquired great rates, handled all of my q

# Apply For Stated Income

Why Should You Choose Us?

We're here to make the home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our simple Hard Money Rate Quote.

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# Apply For Stated Income

States We Lend In

Looking for lending in a state not listed? We do lend in other states on a case-by-case scenario. Give us a call to see what we can do for you.

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