First Mortgage Blog

 Our Stated Income Program, (SIVA) is designed for Well Qualified Borrowers with Minimum Net Worth of $750,000. (We do Verify Assets)


This Loan Program is designed for Self-Employed Borrowers who want to avoid more complicated loans which require full income verification. This program is limited Owner-Occupied Properties Only.   


This is a Jumbo Loan Program with a Minimum loan amount of $417,001 and can range as high as $2 million dollars. SFR & PUD's only are allowed.


Based on Borrower's Verified Liquidity, We will Request Personal Bank Statements to Support the Amount of Stated Income.



Posted by Dennis ODonoghue on February 3rd, 2016 2:36 PM