Stated Income Primary Home Loans
Key Loan Highlights No Income or employment verification required Owner Occupied Primary Residence & Second Homes only $150,000 to $3 Million Loan Amount (not purchase price) Min Credit Middle Score 660 Max 80% LTV (Max LTV is the same for 660 FICOs and up) for Primary and Second Home Purchases and Rate/Term Refinance with very low rates Max 75% LTV (Max LTV is the same for 660 FICOs and up) for Primary and Second Home Cash- Out Refinance 30yr fixed with Interest only ARM available No Pre-Payment Penalty / No Mortgage Insurance Tradeline: An active Tradeline is required for this loan: Tradelines are defined as any combination of credit cards, student loans, car loans etc. as outlined in option 1, 2 or 3. I you do not have any of these options. We cannot proceed with this loan. o Option 1. Active tradeline for 24 months o Option 2. Active tradeline for 12 months o Option 3. I have both of the above Mortgage Credit Events o Foreclosure Seasoning - 12 months from removal of name on deed o Short Sale / Deed in Lieu Seasoning - 12 Months out o Bankruptcy Seasoning - Settled/Discharged Reserves are based on your credit score for both purchases and refinancing o Ask your loan officer for details Gift Funds Allowed / Seller Concessions up to 6% Please note: Down payment and reserves must be seasoned for 30 days Borrower Disqualifications Active Tradeline: Borrower(s) must have an active Tradeline which is required for this loan: Tradelines are defined as any combination of credit cards, student loans, car loans etc. Please view option A or B Option A. One active tradeline for 24 months Option B. Two active tradelines for 12 months If you do not an active tradeline. We cannot proceed with this loan. Late Mortgage Payment: Borrower(s) cannot have a single late mortgage payment showing on there credit history to proceed with this loan. Eligible Properties Primary Residences You must occupy the property as your permanent residence Second Homes Must be occupied by the borrower some portion of the year Must be located a reasonable distance from the borrowers Current residence Restricted to one-unit dwellings The borrower must have exclusive control over the property Must not be a rental property or a timeshare agreement Condominiums Fannie Mae warrantable up to max LTV per eligibility grid Non-Warrantable up to 65% max LTV Mixed-Use Properties The property must be a 1-unit dwelling the borrower occupies as a primary residence The borrower must be both the owner and operator of the business The property must be primarily residential in nature The dwelling may not be modified in a manner that has an adverse impact on its marketability Ineligible Properties: Any property that is Zoned Commercial, Investment Properties, Condotels, Co-ops, Manufactured / Mobile Homes, Working farms, ranches, orchards, Acreage limited to 40 acres


Owner occupied Primary and Second Home Loans for purchases and refinancing
1. 80% LTV for Primary and Second Home Purchases and Rate/Term Refinancing 2. 75% LTV for Primary and Second Home Cash-Out Refinance
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* Disclaimer: All Loan programs, rates and terms can change without notice and are subject to credit and underwriting approval. Loan charts highlight min/max constraints, assumptions & random scenarios only. We will always work hard to approve your loan but there are no guarantees of any kind expressed or implied that any loan we be approved. Licensed in Florida Only © 2007 - 20211st Florida Lending Corp. - All rights reserved I Privacy Policy I Terms of Use I

Stated Income Primary Home Loans

Florida’s Top Rated DIRECT Lender I 48 Programs

1st Florida Lending

800-655-1345 I CALL us 407-300-2558

Aside from the Military outreach programs that we proudly support.  CLICK HERE FOR A  RATE QUOTE   OBTAIN PRE-APPROVAL LETTER TODAY Its Easy! Fast! and No Obligations

1st Florida Lending Corp., a registered Mortgage Lender Orlando servicing only the State of Florida, offering over 48 loans programs

including Conventional Loans, Non-Conforming Loans, FHA Loans, VA Loans, USDA Loan, Self-Employed Loans, Bank Statement

Loans, No-Doc Loans, Reverse Mortgage Loans, ITIN Loans, Rental Investment Loans, to name a few and specializing in Bank

Statement Loans or “stated loans” requiring no Tax Return verification and much more. * No broker or lender fees are for FHA,VA, USDA

and Conventional loan types Main Office: 2151 Consulate Dr. * Suite 8 * Orlando, FL., 32837 * Telephone (800) 655-1345 * (407)

300-2558 * Fax (877) 401-9955We are approved lenders for all Government Loans and registered with the Florida Office of Financial

Regulation - # MLD106When Banks Say No ! We Say YES ! ® is a registered trademark owned by 1st Florida Lending Corp.

Fast Approvals Streamlined Underwriting Pre-Approval in 24 Hours Close in as little as 30 days Easy Process No Income Verification No Tax Returns Needed No DTI limits Reliable Partner 25+ Years of Experience We are Direct Lenders Not Retail Brokers
No Mortgage Drama … No Red Tape… No Endless Loop Request
Very Low Rates for both Purchases and Refinance

Stated Mortgage Loans can be used for the purchase and/or refinancing of owner

occupied primary and second homes. Stated Mortgage Loans requires No

Income or Employment Verification which is ideal for borrowers unable to

qualify for conventional loan and some Non-QM loans due to:

High DTI (debt-to-income) ratios Volatile or Irregular Employment Retirees on fixed incomes Owners of Cash Businesses Change of Industry or Type of Employment Transitioning from W-2 to Self-employed under 1 year Online Retailers using difference online payment systems

THE STATED MORTGAGE LOAN is a trademark owned by 1st Florida Lending Corp. . The Stated

Mortgage Loan is a fully accredited, non-conforming loan providing non-traditional access to prime

mortgage capital to the undeserved borrowers not meeting all of the regulatory guidelines.


Five Benefits of a No Income / No Employment Verification Home Loan Mortgage


Doesn’t require the borrower to provide documentation of income!


Low amount of paperwork!


The debt to Income Ratio does not factor into underwriting guidelines!


No Prepayment Penalty!


Rate and Term and Cash-Out Refinance options available!