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jalvin
8 Posts |
 Posted - 07/23/2008 : 10:25:43 AM
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| Purchase, Owner/SFR, Stated Income, 70% LTV / Loan Amt. $700,000 790 FICO, W-2, Southern California / South Bay. Anyone?? |
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lukeallison
1350 Posts |
Posted - 07/23/2008 : 10:28:08 AM
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Run it full doc as a Freddie jumbo and see if they give you an income waiver. I can't imagine they would but then again, I can't imagine why someone would need to go stated and be a W-2 employee. Things that make you go hmmm.
Plan B. FHA with non-occupant co borrower. |
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sfentress2
246 Posts |
Posted - 07/23/2008 : 10:57:24 AM
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| Stated W2 are a thing of the past |
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jalvin
8 Posts |
Posted - 07/23/2008 : 11:03:43 AM
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What lender will accept an income waiver on an LP/Freddie Jumbo / Conforming? It is my understanding it does not matter what the findings state, Freddie still requires full income documentation - paystub and W-2's on Jumbo / Conforming.......
quote:
Originally posted by lukeallison
Run it full doc as a Freddie jumbo and see if they give you an income waiver. I can't imagine they would but then again, I can't imagine why someone would need to go stated and be a W-2 employee. Things that make you go hmmm.
Plan B. FHA with non-occupant co borrower.
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