Stated income mortgage programs are tailored and designed for those who have trouble documenting their income, rather than for folks who simply do not earn enough money. It is not meant to be a home loan t give borrowers, mortgage brokers or lenders an opportunity to lie about income. Falsifying documents on a mortgage loan application is a crime and you could be punished with prison time and or a fine. You should not ever allow anyone to talk you into stating a income substantially higher then you actually earn.
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