stated income boat loans

Stated income programs. Offshore Financial offers loans up to $150,000 that do not require copies of your tax return or pay stubs. Contact us to learn about our programs.

Understanding bad credit boat loans While there are lenders specializing in credit products for people with credit scores in lower ranges, it’s important to understand that you’re likely to pay a higher interest rate – as much as 20% APR or more – plus fees such as a $399 document fee, a $100 origination fee, or an application fee.

Stated income boat loans???? – – No Document home loans are easy with large down payments. But boat loans will most likely need proof of income with the typical ratios of total debt to income. May want to look into a home equity loan instead.

However, there are new versions of stated income lending, which I’ll discuss below. A Mortgage Doc Type for Every Situation. To get a better understanding of what a stated income loan is, it may help to learn about the many different mortgage documentation types available. There are actually several types of stated loans these days.

In 2001, the Baker’s faced taxable income of over $1.1 million. Robin Baker also got the two New Hampshire properties, a $21,000 boat, a car and two motorcycles, and "any monies stolen from the.

“In most cases, people who never set foot on a fishing boat, but are close to the politicians. where there are few employment opportunities. Without any income, they have to make ends meet by.

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Boat loan interest rates vary greatly based on a number of factors, including credit score, loan length, and age of boat among others. What is the minimum credit score for a boat loan? Although it is sometimes possible to qualify for a boat loan with FICO credit scores in the 500s, generally you will need 600+ along with a low debt to income.