Stated Income Verified Assets
Below are some of the advantages that stated income verified asset loans (also known as “SIVA loans”) offer:
Qualify with a credit score as low as 500.
LTVs up to 90% with no MI
Loan amounts up to $7,500,000.
Option to use only 1 month’s bank statement.
No tax returns or income documentation is required (only bank statements).
How it Works
What is an alternative income verification loan?
An alternative income verification loan is a mortgage program that allows you to use your bank statements to verify income instead of tax returns. These programs are intended for self-employed borrowers who are unable to qualify for a conventional loan.
Who is eligible for these programs?
Any self-employed borrower may be eligible for an alternative income verification loan. This includes a wide range of people, such as business owners, entrepreneurs , freelancers, gig workers, contractors, and many other types of self-employed professionals. If you are self-employed, we encourage you to see if this is the right type of mortgage program for you!