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    California Stated Income Loans

    stated income loan lender los angeles

    When you apply for a traditional mortgage, you are typically required to provide detailed proof of your income. While this process is standard, there are situations where verifying income can be challenging and act as a barrier to securing a loan. In these cases, a California stated income loan offers a practical alternative. With this type of loan, you simply state your income amount without needing to provide verification, making it an excellent choice for those with unique financial circumstances.

    What Is a Stated Income Loan?

    A stated income loan enables borrowers to report their income without requiring formal documentation or verification. This type of loan is especially advantageous for individuals with financial circumstances that make it challenging to present traditional income documentation. Whether you’re in a career transition or have a fluctuating income as a self-employed professional, stated income loans provide a flexible solution.

    Who Can Benefit from a Stated Income Loan?

    1. Transitioning Between Jobs

    If you’re in the middle of transitioning to a new job, you might face delays in obtaining a traditional mortgage. For example:

    • You’ve been hired for a new position but have not yet started, leaving a gap in employment documentation.
    • HR paperwork is delayed, holding up your ability to provide proof of income.

    A California stated income loan enables you to overcome these delays, secure mortgage approval, and move into your new home without the need to wait for formal employment verification.

    2. Self-Employed Borrowers

    For self-employed individuals, income is often:

    • Irregular, with higher earnings some months and lower earnings in others.
    • Processed through various payment providers, making documentation cumbersome.

    With a stated income loan, you can simply declare an average income amount, avoiding the need to compile complex financial records.

    Benefits of California Stated Income Loans

    1. Faster Application Process

    One of the key advantages of a stated income loan is how quickly the application can be processed. Since you don’t need to submit income verification documents, approval is faster, helping you secure your loan and move forward with your plans more efficiently.

    2. Reduced Paperwork

    Not only is the application process faster, but it’s also easier. By eliminating the need for extensive income verification, you save valuable time and effort, allowing you to focus on other important aspects of your home-buying process.

    3. Greater Financial Control

    With traditional mortgages, lenders evaluate your income documentation and determine what you can afford based on their calculations. A stated income loan gives you more freedom to decide what you can afford. This is especially helpful for:

    • Self-employed individuals whose financial picture may be complex or not fully understood by traditional lenders.
    • Borrowers with unique financial circumstances who need flexibility.

    How to Apply for a Stated Income Loan in California

    Applying for a California stated income loan is straightforward with PacShores Mortgage Inc.

    1. Contact Our Team: Call 310-478-5005 to schedule a consultation and discuss your needs.
    2. State Your Income: Share your stated income amount and provide basic details about your financial situation.
    3. Review Loan Options: WOur team will help you explore competitive rates and terms customized to suit your specific needs.
    4. Fast Approval: Benefit from a quick loan approval process without the hassle of providing income verification documents.

    Why Choose PacShores Mortgage Inc for Your Stated Income Loan?

    At PacShores Mortgage Inc., we specialize in helping borrowers secure stated income loans tailored to their unique circumstances. Here’s why we’re the right choice for you:

    1. Expertise in Stated Income Loans

    Our team brings years of experience assisting borrowers in need of flexible loan solutions. We understand the unique challenges faced by self-employed individuals and those undergoing financial or employment transitions.

    2. Personalized Service

    We take the time to thoroughly understand your financial circumstances and objectives, ensuring you receive a loan solution tailored to your needs.

    3. Competitive Rates and Terms

    We work with top lenders in California to provide you with competitive rates and friendly terms on your stated income loan.

    4. Fast and Efficient Process

    Time is of the essence when it comes to purchasing a home. Our streamlined application process ensures you get approved quickly and with minimal hassle

    Take Control of Your Home Financing Today

    If you’re ready to move into your California home without the delays and complexities of traditional income verification, a stated income loan could be the perfect solution. With this loan, you can:

    • State how much money you make without extensive documentation.
    • Decide for yourself what you can afford.
    • Enjoy a fast and straightforward approval process.

    Contact PacShores Mortgage Inc today at 310-478-5005 to get started. Let us help you secure a California-stated income loan with competitive rates, flexible terms, and unparalleled service. Whether you’re self-employed, transitioning jobs, or simply need a more accommodating loan option, we’re here to make the process seamless and stress-free.

    Do you have questions?

    Call us today (310) 478-5005 or fill in form below and we will get back to you as soon as possible.

    When you click “Submit” you give your consent to our privacy policy and acknowledge that we may contact you via sms to discuss loan options. However, your consent is not a requirement for receiving our services, and you may withdraw it at any time.

    Client Testimonials

    Thanks PacShores for coming through for me in the nick of time. After our Parents passed away and left the small apartment units that I was living in to me and my two siblings, they needed to get out their portion of the inheritance and were determined to force me to sell the units. I needed to keep the property for my family and avoid selling in such a down Market. My Income was low and the Banks refused to accepts the Rental Income from the other Tenants and to approve my loan. It wasn’t a problem when I contacted PacShores, they funded my loan in no time, paid off my siblings, hassle free, and I am very glad I found them.

    Tony – Orange, California

     

    I took over some Apartments that my Dad owned and had been renting out over the years. Some of the tenants had been there for 10 years and more, the Properties have gotten in disrepair, and the County had also filed substandard violation Liens on the Properties. All the Lenders that I had applied to for a Cash-Out Loan, turn down my application due to the condition of the Properties. With the help of the Loan Officers at PacShores, we were able to customize a loan for me that set aside funds to complete the needed repairs, and clear up all the Substandard Notices and Liens on the Properties, and the extra cash that I needed.

    Tracy – Los Angeles, California

     

    Hi, I am Real Estate Broker, and Short Sale specialist, and I had very well qualified Buyer with almost 50% cash down payment, under contract on a highly discounted Investment Property purchase. After 3 weeks of getting the runaround with their Bank including my regular Lenders that I normally use, I was convinced they would lose out on this great deal. Luckily an associate referred me to PacShores Mortgage, and within 24 hours they drove buy the property, and had Closing Documents in Escrow by the third day and funded the loan right after. They saved this deal for us. I couldn’t thank them enough and would use and recommend them to all my associates in the future.

    Javier – West Covina

     

    Hello, our Credit Scores had become so low after we went through a Loan Modification process and Short Sale on our previous house. Thereafter, we couldn’t find a Bank willing to consider us for a new Home Loan, even though we had substantial funds for a Down Payment. The folks at PacShores Mortgage were very understanding and glad to review and approve our loan application. Thanks to them, we are proud owners of a new, more affordable four Bedroom house again.

    Susan – Fresno, California

     

    My wife and I own a successful and profitable Business, and also own a number of Rental Units. Due to the Freeze in Bank Lending we decided to refinance one of the Rental Units we own outright, to access the credit we need to efficiently run our Business. Unfortunately due to the write-offs we show on our Tax Forms, the Banks we contacted were misreading our Income and cash flow and declined to approve our loan application. Our experience was different at PacShores, the easily identified our true Income and approved our loan promptly, and we didn’t even need to provide them any Tax Returns.

    Cindy – San Diego, California

     

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