Once a popular home loan option among self-employed borrowers, stated income mortgages went away in 2010 after the Dodd-Frank Act. Read more about what made stated income loans attractive, and what alternatives self-employed borrowers have now when getting a mortgage.

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Escape From Pottersville: A New Beginning in the Mortgage Industry – The voices are those of home owners swimming in a sea of debt compared to the value of their homes. And these are not the speculative investors who took out stated income zero down loans. many.

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No Income Verification Mortgage 2019 No Income Verification Mortgage 2016 – Alexmelnichuk.com – No Income Verification Mortgage is a perfect fit for investors who don’t qualify for traditional financing based on their tax returns. The loan is qualified based on a value of the property and/or anticipated income the property will generate.No Doc Loans Still Available USDA 100 percent financing home loan – RANLife.com – USDA 100 Percent financing home loan. 100% financing allows the homeowner to apply no money down on the purchase of a home loan. Although the most common mortgage programs require a percentage of the purchase price to be applied as a down payment. There are still a few programs available today that offer a no down payment loan to qualifying.

Stated income loans used to be widely available before the housing market crash of 2008. When the Dodd-Frank Act was created in 2010, it heavily regulated banks and lenders. However, these loans that require no income docs or no tax returns for contractors and self-employed borrowers are available with more lenders.