Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago on . Most recent reply

Can anyone out there get me pre-approved using stated data?
Hello. I would like to get some ball-park pre-approval numbers without getting a hard inquiry at this time. I can provide credit carma data and income data. Is there any one out there who can help and possibly work with me in the future? Thank you.
Most Popular Reply

Hmm; Stated Income was a primary cause of the 2008 meltdown via the 125 Loan Programs (aka Country Wide and some others). Dodd-Frank was put into place to stop these abuses. It should be nearly impossible today to get a loan on Stated Income and thus a pre-approval on that bases would be unlikely and certainly untrustworthy.