The terms, conditions and guidelines for stated asset loans all depend on the lender. Not every lender offers stated asset loans. So shopping around is important to find the best lender and program that fits your needs.
Stated Asset Guidelines
Some of the guidelines for stated asset loans include, NINA, No Ratio, No Documents and more. All of these are considered “Stated Asset Loans” and they are usually grouped together because none of them require full documentation like a normal conventional loan.
Guidelines leaving you feeling frustrated?
You might be feeling overwhelmed, frustrated or confused by all the different requirements when it comes to stated asset loans, and we want you to know that it’s ok. It’s completely understandable to be confused by all the different guidelines each lender has, but the key to staying calm and relaxed is simply by shopping around and having options, if you compare a handful of lenders you’ll have a better understanding of what programs fit your needs and you’ll feel more comfortable and confident when you choose your lender. If you come across a lender who doesn’t offer the stated asset loan program, ask for a referral, they might be able to refer you to a lender who does offer it.
Things to Keep in Mind
Keep in mind that the more lenders you look into the better. If you talk to a good number of lenders and can get as much information from them as possible it will make it significantly easier for you to choose the best lender that fits your needs. Be sure to compare their guidelines and rates. You’ll notice some lenders may not be happy with your requests, but others will be more than willing to help you. The more lenders you talk to the more information you’ll retain and it will make you feel more confident about your lender choice.
Start your search today for the right stated asset loan lender. Finding the right lender for you and your situation can’t get much easier than starting right here. It’s fast and easy, just submit your information and we do all the hard work for you and find you the best lender that matches your situation. Did we mention it’s free?