• Skip to main content
  • Skip to primary sidebar
  • Skip to footer

A Reverse Virginia Mortgage Lender! Nationwide Reverse Mortgage

  • Home
  • Refinance
    • Get Cash From Your Home
    • Lower Your Payment
    • Reverse Mortgage Loans
    • Consolidate Your Debt
    • HARP Refinance Program
    • Pay off Your Mortgage Early
  • Buying A Home
    • First Time Home Buyer
    • Making Sure You Are Prequalified
    • Vacation Homes
    • Low Down Payment Options
    • Reverse Mortgage for Purchase
    • USDA Home Loans – Rural housing loans
    • Purchase Application Checklist
    • Purchase Loan Process
  • Apply Online
  • Loan Options
    • 30 Year Fixed Rate Mortgage
    • 15 Year Fixed Rate Mortgage
    • FHA Home Loans
    • Reverse Mortgage Loans
    • Home Loans for Veterans! VA Loans
    • Jumbo Home Loans
    • Stated Income Loans
    • No Cost Loans!
    • New Construction Loans in Virginia
  • About Us
    • Blog
    • Client Testimonials
  • Contact Us
Home » Stated Income Loans

Stated Income Loans

Back from the grave, the mortgage industry has re-created mortgage loans that rely primarily upon your credit scores and assets to assess your ability to repay debts. The primary category of loan programs that will help you qualify for mortgage financing when you can not show much income are called Stated Income Loans. Although the True Stated Income Loans of yesteryear are no longer available, today’s stated income loans have reinvented themselves as “Bank Statement Loans and P&L Loans also known as Profit and Loss loans.”

Bank Statement Loans are for those home buyers and business owners that do not have enough verifiable income through traditional tax returns to get a standard home loan. With decent credit and a strong down payment, stated income mortgage loans are very useful for the self-employed.

Mortgages for the Self-Employed Small Business Owner

Self employed individuals often ask … “Why is it so difficult to qualify for mortgage financing? “I have a business that is thriving, and I take the deductions that are allowed. After taking the allowable deductions my net income is not sufficient to qualify for a mortgage.” “What do I need to do to qualify for a mortgage?”

Fairfax Mortgage Investment is the lender you need for self-employed mortgage loans.  There is no middle man with us. If you have questions just ask!  As one of the top mortgage brokers in Virginia; Fairfax Mortgage Investment offers stated income loans for the self-employed home buyers throughout all areas of Virginia.

Get a mortgage rate quote today!

Primary Sidebar

Search

Mortgage Rate Alerts & Market Updates

Sign up to receive mortgage rate alerts and market updates delivered to your inbox!

Recent Posts

  • Kiplinger: Live Well in Retirement with the help of a Reverse Mortgage
  • A Reverse Mortgage can be a Retirees Saving Grace
  • Mortgage Rates At The Lowest Levels Seen In A Month
  • How to Submit a Down Payment Gift Letter that Won’t Get Turned Down by the Lender
  • Homebuilders Planning For Biggest New Home Sales Surge Since 2007

Fairfax Mortgage Investment – FMI

Looking for a low rate home loan? You will find low rate loans at Fairfax Mortgage Investment. We designed this mortgage site to give you all the information you need to assist you in obtaining financing for your home.

FMI is one of the largest mortgage brokers in Virginia. We offer low rate home loans for home purchase, refinance, and Reverse Mortgages throughout all of Virginia.

Footer

Fairfax Mortgage Investment

Looking for a low rate home loan? What about a Reverse Mortgage? You will find low rate home loans at FMI. We designed this mortgage site to give you all the information you need to assist you in obtaining financing for your new home or reverse mortgage.

FMI is one of the largest mortgage brokers in Virginia. We offer low rate home loans for Home Purchase, Refinance, Reverse Mortgages and Debt Consolidation throughout all of Virginia.

Recent Posts

  • Kiplinger: Live Well in Retirement with the help of a Reverse Mortgage
  • A Reverse Mortgage can be a Retirees Saving Grace
  • Mortgage Rates At The Lowest Levels Seen In A Month
  • How to Submit a Down Payment Gift Letter that Won’t Get Turned Down by the Lender
  • Homebuilders Planning For Biggest New Home Sales Surge Since 2007
  • Mortgage Rates Today : Real-Time MBS Pricing, April 18, 2013

Regions

  • Northern Virginia
  • Arlington
  • Fairfax
  • Manassas
  • Alexandria
  • Fredericksburg
  • Tidewater
  • Virginia Beach
  • Newport News
  • Chesapeake
  • Williamsburg
  • Richmond
  • Roanoke
  • Charlottesville

Copyright © 2021 · | Corporate: 3900 University Dr #300, Fairfax, VA 22030 | (804) 282-8820
Reverse Mortgage Calculator
| Financial Advisor Richmond | XML-SiteMap | Privacy Policy | SiteMap
Mortgage Calculators

Fairfax Mortgage NMLS ID# 117990 (www.nmlsconsumeraccess.org) · Log in