Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

10
Posts
2
Votes
Dmitriy Dorogan
  • Investor
  • Brooklyn, NY
2
Votes |
10
Posts

Can anyone out there get me pre-approved using stated data?

Dmitriy Dorogan
  • Investor
  • Brooklyn, NY
Posted

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

User Stats

5,544
Posts
2,364
Votes
Jeff B.
  • Buy & Hold Owner
  • Redlands, CA
2,364
Votes |
5,544
Posts
Jeff B.
  • Buy & Hold Owner
  • Redlands, CA
Replied

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.

Loading replies...