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Stated Income Mortgage Loan

Tailored to cater to the needs of people whose source of income remains unclear or documented namely a self-employed person or someone who is dependent on tips for a major part of their remuneration.

The application of a stated income-stated asset (SISA) mortgage legitimizes the salary of the person who’s trying to take the loan without the endorsement of the loaner. SISA debts are a fragment of the wide classification of Alt A. Owing to the fact the ease it creates for the people who go through a difficult and challenging time documenting their remunerations it is also called a ‘liar loan’ and no income-no asset loan. The stated income-stated asset mortgage (SISA) emanated as a mechanism for prospective residence owners in distinguished pecuniary circumstances to make application for a mortgage or debt. Occasionally, self-employed personnel maximize their tax withdrawal to decrease their adjusted gross income (AGI), this means that they would have access to a cash reserve that is not shown on their individual tax returns.

APPLY

WHY THE VANGUARD MORTGAGE?

DIRECT LENDER

Direct Hard Money Lender. No broker fees. Best rates in Florida

DIRECT UNDERWRITER

Set guidelines and a streamlined underwriting process make closings happen swiftly. As fast as 48 hours

PROFESSIONALISM

The Vanguard Mortgage is a new company but all our members of staff are seasoned professionals

WHOLESALE RATES

Correspondent lending gives us the ability to bring wholesale rates to the consumer

3 EASY STEPS
TO GET YOUR MORTGAGE

Prequalification

Start with some basic info about your assets, credit profile, income. As a result – amount to borrow and the rate

Application

More detailed info. Creation of a secure profile, track your mortgage application and upload required documents

Funding

Final stage of the mortgage process when all underwriting conditions are met, mortgage loan transaction is closed and funds are disbursed

CALCULATE YOUR MORTGAGE

Closing cost calculator

Mortgage calculator

Debt-to-income (DTI) Calculator

Loan-to-value (LTV)Calculator

SOME FEATURES YOU MIGHT LOVE:

Privacy

We do not share information with any third party companies or resellers.

Quick Turnaround

We built technology that helps expedite the review of your loan documentation. This leads to faster closings and a better overall experience for our clients.

Credit score under control

Application process does not affect your credit score.

Online

You can allpy online, upload required dociments, schedule a conversation with a mortgage loan originator here. Everything at one place.

Transparency

Our technology ensures that you are kept up-to-date on the status of your loan application at all times. You will have secure access to your loan documentation throughout the process.