What is a Stated Income Mortgage?
Stated income home loans allow Boise residents who are self employed or do not have documentation of earned wages to state a wage on the mortgage application and qualify for a mortgage based on that stated income. The advantages of a stated income loan are that the borrower does not need to verify income and approval is generally faster than with traditional Boise home loans. The disadvantages of this type of loan are that interest rates and the required down payments are often higher than with traditional home loans.
We Help First Time Home Buyers
First time home buyers often find themselves overwhelmed by the mortgage process when purchasing their first Boise home. This is why at Affinity Mortgage Corporation we offer special mortgage programs to first time buyers. These programs usually offer lower interest rates, lower down payments, or reduced taxes. These special loan programs combined with the guidance of our experienced Boise mortgage lenders at Affinity Mortgage Corporation will make your first home buying experience effortless.
Boise Real Estate Information
At Affinity Mortgage Corporation we offer real estate information in Boise and many nearby cities. Below is a brief list of some key areas where we offer our services, please browse through the information given about the areas to help guide you in finding a great location. If the area you are currently searching for is not listed below, then please contact one of our mortgage and real estate professionals today at 208.376.4725.
