Stated Income Loans in Washington

Applying for a mortgage, but don't have a W-2? With a stated income loans, that does not need to stand in the way of purchasing or refinancing a home in Seattle or elsewhere in Washington.

When you apply for a stated income loans, you do not need to provide a W-2 or other traditional paperwork to demonstrate your income. As the name implies, you need only state your income.

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Washington Stated Income Loan Benefits

You do not have to provide a W-2. You also do not need to offer documentation such as tax returns or pay stubs to verify your income.

When speed is of the essence, a stated income loan can be a great time-saver. It can also simplify the application process.

Work with a lender that understands you. Explaining the nuances of your finances to a lender that only deals in traditional documentation can test your patience. Blue Square Mortgage processes stated income loans on a regular basis for customers with a broad range of situations. We will work with you to help you apply quickly and efficiently for a loan.

Who Should Apply for a Washington Stated Income Loan?

  • For those who are self-employed, submitting a W-2 as proof of income is not feasible. A stated income loan frees you from this requirement.
  • If you have just recently taken a new job in Seattle, Bellevue, or another location in Washington, submitting documentation from your job may not be practical. Using the stated income method may make financing the purchase of a home more accessible.
  • Investors and others for whom a debt-to-income ratio is not fully representative may find that a stated income loan is a more appropriate option.
  • Does your income move up and down from month to month or season to season? The stated income method may allow you to paint a more accurate picture of your financial means.

Apply for a Stated Income Loan in Washington State Now

Not having a W-2 should not stop you from applying for a mortgage. Please call Blue Square Mortgage now at (206) 352-6453. We would be glad to walk you through the stated income loan process. Let's get you the financing you need for your home purchase or real estate investment.

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Amid global concern about COVID-19, we will continue to be here for our customers.
As people and companies all across the country take additional preparations to protect against the Coronavirus (COVID-19), we acknowledge that your mortgage concerns will likely not be taking a break. At this time, we will remain open full-time and will continue to service our customers with the same fast response times you’ve come to expect from us.
Due to the increasing number of reported cases in the U.S., we are continuously monitoring the situation. We will also continue to actively assess the necessary actions we need to take in order to ensure the health and safety of our customers, employees, and their families.

We hope that you will join us in taking some basic and important measures, such as frequent hand washing, to keep communal risk low.

Visit this link for some helpful resources: https://www.bluesquaremortgage.com/supporting-seattle/