Expert Real Estate Tips: What Is A Stated Income Loan?

Posted on December 19, 2008 by Ilyce R. Glink

What is a stated income loan or no doc loan? Mortgage lenders require a property appraisal and good credit score among other items to qualify for a stated income loan. What are the benefits and who can qualify for this type of loan? Watch this Expert Real Estate Tips segment to learn more about what mortgage lenders require for a stated income loan.

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