What is an Stated Income loan? Loan programs that do not require income stated on the loan application to be verified are called "stated income loans" or "no-income-verification (NIV) loans". These programs are for borrowers who are employed, have good credit and sufficient income, but who cannot satisfy the income documentation requirements of full-documentation loan programs. We also offer "stated income, stated asset" loans at the same rate as full documentation conforming loans to streamline the procees for borrowers with high credit scores (generally 720 or above).

Applicants must be employed and state their income truthfully on the application relative to the lenders definition of "income". And the stated income must be reasonable for the applicant's stated occupation. Applicants may not overstate their income in order to qualify for a loan program that they would not qualify for if they had stated their income truthfully. Borrowers who have insufficient income or employment to qualify for full documentation loan programs may apply for "No Ratio", "No Doc", or "No Income, No asset, No employment" loan programs.

Is a stated income loan a good choice for me? Stated income loan programs are a good choice for some self-employed borrowers, borrowers whose income is derived from free-lance, contract, or consulting work that is difficult to document, and borrowers with excellent credit that want to avoid the hassle of documenting their income and assets.

To qualify for a stated-income loan, borrowers must satisfy lender guidelines for income, assets, and credit. For more information, contact Allied Home Mortgage.

To apply for a stated-income loan, fill out our short prequalification form, or submit an online application, or call us at 503-356-2241.

Allied Home Mortgage offers competitive rates, low fees, and superior service on hundreds of loan programs, including conventional, FHA, VA, and USDA Guaranteed Rural Housing. At the Hillsboro, Oregon branch we are licensed to originate home loans throughout Oregon and Washington. We specialize in financing real estate purchase transactions, including manufactured home land-home packages. We also offer rate and term refinances, cash-out refinances, home equity loans, and construction loans. We welcome applications from first-time homebuyers, borrowers with limited income and assets, and borrowers with damaged credit that have been turned down elsewhere. Click here for more information about us.

	Allied Home Mortgage Capital Corporation 111 SE 3rd Ave, Suite C Hillsboro, Oregon 97123 503-356-2241
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