# Non-QM Loans

Stated Income

Stated income non-QM loans are a type of mortgage loan that is designed for borrowers who may not have access to traditional forms of income documentation, such as pay stubs or tax returns. These loans are based on the borrower's stated income, rather than verified income documentation, which can make them a more flexible and accessible financing option for certain borrowers. We'll take a closer look at stated income non-QM loans and how they can benefit borrowers.

One of the key advantages of stated income non-QM loans is that they allow borrowers to use their stated income, rather than traditional income documentation, as proof of income. This can make it possible for borrowers who may not have access to pay stubs or tax returns, such as self-employed individuals or gig economy workers, to qualify for a mortgage loan.

Up to
90%
LTV - Purchase
90%
LTV - Rate & Term
80%
LTV - CASH OUT
$150K up to $5M

Apply Now!

# Apply For Stated Income

Stated Income

The main benefit of stated income non-QM loans is the ability for borrowers to qualify for a loan without having to provide detailed income information. This can be especially helpful for self-employed borrowers who may not have the same income stability as those with a regular salary or wages. It can also be helpful for those who have recently changed jobs or experienced an income interruption or decrease.

The downside to these loans is that they can be more expensive than traditional mortgages. Since lenders are taking on more risk by not verifying income, they must charge higher interest rates to make up for that. This can mean a higher monthly payment for the borrower and a longer loan term.

For borrowers who are considering a stated income non-QM loan, it’s important to understand the risks and benefits

Apply Now
(650) 388-0418

Testimonials

"Kristin Howard is absolutely best !!!!!!!!! She stayed on top of my deal until closing date.Cant ask for better service . Thank you Kristin"
"Susan is the BEST! I have done several transactions with her and she has always been so helpful and made the process so easy. These can be stressful but with Susan it is always simple. Highly recommend!"
"We had the pleasure of working with Angel Pierro. He was supportive during this entire process and we would 100% use him again! Highly recommend!"
"I am so grateful to Maricris Duke for being so wonderful and helpful during the entire process. As a first time home buyer, I had a lot of questions and doubts but Maricris was there to answer and explain everything to me. Thank you for all the help to get the loan and ass
"We had a very nice experience and had a quick aprroval!"
"Josh Settersten, was AMAZING to work with. Really really good at what he does. Professional, trustworthy, good listener and tries to get you the best deal out there. I learned so much about getting a mortgage from him. He delivered on all fronts. I am glad I had him in my co
"Josh helped tremendously throughout the entire process of purchasing our first home. He was excellent at communicating and overall exceeded our expectations. I would highly recommend working with Josh!"

# Apply For Stated Income

Why Should You Choose Us?

We're here to make the home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our simple Hard Money Rate Quote.

  • Customer Focused
  • Minimal Documentation
  • In-Houses Controls
  • Best Loan Services
Apply Now
(650) 388-0418
About Image 2

# Apply Now!

Our Core Investing Service

Whether you’re looking to purchase a new home or refinance your existing home,Groves Capital can provide all the help you need.

Round

Gig-Economy

We know that each client has unique needs; we’ve built a reputation of being able to deliver a broad menu of options to our clients while maintaining great service and timely delivery.

Learn More
Round

Bank Statement

We know that each client has unique needs; we’ve built a reputation of being able to deliver a broad menu of options to our clients while maintaining great service and timely delivery.

Learn More
Groves Inner Page Img 2
Round

Jumbo

We know that each client has unique needs; we’ve built a reputation of being able to deliver a broad menu of options to our clients while maintaining great service and timely delivery.

Learn More
Groves Inner Page Img 6
Round

Self Employed

We know that each client has unique needs; we’ve built a reputation of being able to deliver a broad menu of options to our clients while maintaining great service and timely delivery.

Learn More
Groves Inner Page Img 3
Round

1099 Loans

We know that each client has unique needs; we’ve built a reputation of being able to deliver a broad menu of options to our clients while maintaining great service and timely delivery.

Learn More
Groves-Inner-Page-Img-5 1
Round

Super Jumbo

We know that each client has unique needs; we’ve built a reputation of being able to deliver a broad menu of options to our clients while maintaining great service and timely delivery.

Learn More
Groves Inner Page Img 5
Round

Second Positon

We know that each client has unique needs; we’ve built a reputation of being able to deliver a broad menu of options to our clients while maintaining great service and timely delivery.

Learn More

# Apply For Stated Income

States We Lend In

groves-capital-map

Looking for lending in a state not listed? We do lend in other states on a case-by-case scenario. Give us a call to see what we can do for you.

Apply now
(650) 388-0418