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Definitions for "Stated Income"
Keywords:  documentation, verify, stubs, income, irs
Related Terms: Stated income loan, No ratio loan, No income verification loan, No doc loan, No-doc loan, Low-documentation loan, Piti ratio, Self certification, Gross debt service ratio, Qualifying ratios, Income multipliers, Qualifying ratio, No income verification, Mortgage interest deduction, Pre-qualification, Pre-approval, Self-certification, Loan processing, Income-sensitive repayment, Back end ratio, Front-end ratio, Income sensitive repayment, Effective gross income, Mortgage interest relief at source, No-documentation loan, Debt-to-income ratio, Loan package, Debt service ratio, Qualifying, Debt-to-income, Prequalification, Miras, Mortgage offer, Debt to income ratio, Origination, Loan application, Processing, Loan origination, Housing ratio, Serviceability, Credit ratio, Ratios, Application, Debt-to-income-ratio, Total debt service ratio, Approval, Housing expense ratio, Truth in lending disclosure, Participation
MP] A documentation rule where the borrower discloses income and its source but the lender does not verify the amount.
realestate-glossary.com
A type of mortgage or home equity loan where the borrower"states" his or her income but is not required to supply written proof of that income.
us.hsbc.com
A documentation requirement where the lender verifies the source of the income but not the amount.
alliancelendingservices.com
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