Stated income loans are still available in Lake Tahoe. As of October 1, the rules have been changed regarding stated income loans. However, Lake Tahoe has many homes that are either second homes or rental properties. Second homes and rental properties are exempt from the new laws regarding stated income loans.
If you own or want to buy a second home or rental property in the Lake Tahoe area, there are stated income loans available for:
- up to $10 million
- unlimited cash-out
- flexible credit scores
- up to 75 percent of the property value
- bridge financing
I can help homeowners and homebuyers with stated income loans, as well as mortgage brokers on a wholesale basis.
Do you need help structuring a loan, or getting a rate quote? Call me at (650) 222-0386, or e-mail me
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