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  1. – In 2019, self employed borrowers are able to get stated income loans by using their bank statements as proof of income instead of supplying tax returns. This makes stated income loans, now called alternative documentation loans a great option.

    – Stated Income or Low Doc Loans . Stated Income Loans, or Low Doc loans, typically attract people who work on a cash or commission basis or people who don’t draw a consistent salary. The borrower will need to disclose earnings, usually for two years, and might need to show tax returns and bank statements.

Categories: Non QM Loans

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