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Stated income program with 20% down

Stated income program with 20% down

This is a discussion on Stated income program with 20% down within the Mortgage Problems and Solutions forums, part of the Mortgage and Loans Forum category; I'm looking into purchasing a townhome with 20% down. The purchase price would be 256K and I'm putting down $51,200. ...

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11-17-2008, 02:24 PM

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Stated income program with 20% down

I'm looking into purchasing a townhome with 20% down. The purchase price would be 256K and I'm putting down $51,200. I'm currently self employed and it is very difficult for me to prove my income. I do have very low debt (less than $600/month) and credit score of 713. I was told that the Countrywide bank is the only bank that offers stated income programs and I would be qualified for the loan without a problem. However, I was also told I will have to sign IRS 4506 form that will gives the ...

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(Source: mortgagefit.com)

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20%, income, program, stated

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