Owning a home is a goal most of us want to achieve. Unfortunately, many people are unable to qualify for a traditional mortgage. There are many reasons that a borrower may not qualify for a traditional loan. That is when Alliance Lending can offer a solution.

Have You Been Turned Down?

If you have been turned down by a lender, that doesn’t mean that a mortgage is out of the question for you. One lender’s assessment of your financial situation doesn’t mean it is the same for all lenders. A stated income loan may be the answer. Our San Jose stated income loans are specially designed for the self-employed and others who cannot qualify for a conventional mortgage.

What is a Stated Income Loan?

Stated income loans are lending products that enable a borrower to qualify for a mortgage without submitting the typical documentation that is required by conventional or government-backed loans. These loans can offer an applicant easy qualification and fast, streamlined approval.

Advantages of a Stated Income Loan in San Jose

For these types of borrowers, a stated income loan can offer important advantages. For applicants who are unable to qualify for conventional financing, these loans can offer a means to home ownership that would not be possible otherwise.