Full Doc and Stated Income
Full Doc
A Full Doc loan is generally less risky for lenders because the borrower is required to present all necessary documents for verification. This type of loan usually offers lower rates because it is less risky for the lender.
Stated Income
Stated Income Mortgage Loans are generally used and least expensive product in the reduced or no documentation suite of programs. This loan type allow those who are self employed or those who do not have documentation of earnings to state on the mortgage application.
What People are Saying
Eagle River Mortgage helped me get a bleak situation under control by refinancing and getting a conforming loan on my house, at MUCH better interest rate. The entire staff is absolutely wonderful. They are always courteous and helpful, and they make the mortgage experience so much easier than anyone else with whom I have ever dealt.
The professionalism at Eagle River Mortgage is head and shoulders above the rest. I recommend them to everyone I know who is buying, selling or refinancing real estate, and will definitely use their services again. They truly are remarkable!
Boise Idaho