Full Doc and Stated Income
Full Doc
A Full Doc loan is generally less risky for lenders because the borrower is required to present all necessary documents for verification. This type of loan usually offers lower rates because it is less risky for the lender.
Stated Income
Stated Income Mortgage Loans are generally used and least expensive product in the reduced or no documentation suite of programs. This loan type allow those who are self employed or those who do not have documentation of earnings to state on the mortgage application.
What People are Saying
Troy and I wanted to let you know how much we appreciated the special care you took of us during our loan process. I know that we have told you before, but we really are thankful for all you did for us. We feel as though you went above and beyond what anyone would have done to take care of us. We do not feel like the process could have gone any smoother, and it is all thanks to you! We were able to get everything we asked for (low rate and great payment) plus more! The service we received was exceptional and we will gladly refer you to any of our friends and family members. We heard such horror stories about loans and closing, it was nice not to have those come true for us. Thank you for making our experience easy, smooth, and wonderful!
Boise Idaho