No Income Verification/Stated Income

With the No Income Verification Loan program (also known as a stated income loan) your mortgage rate is determined by the Loan to Value position in the property and the credit score of the borrower. Also there are different levels of no income verification loans. There is stated income, no income, and no job, (basically no named source of income). The difference is the level of verification based on the customer's needs. The less verification, typically, the greater the rate and / or down payment that will be required by a lender. As Manhattan Mortgage Nationwide, a Licensed Florida Mortgage Lender, and Concept Group, a registered New York Mortgage Broker (Concept Group I/L/O/T/N Manhattan Mortgage Corporation), offer so many options, why not give us a call to discuss all the very different choices and specialty financing options available to you today?