Home mortgage lenders & realtors in Missouri specialize in St. Louis mortgages, refinancing & in finding St. Louis homes for sale.
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Superior Mortgage Solutions
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Full Doc & Stated Income

Superior Mortgage Solutions’s full document and stated income programs are tailored to fit your specific lending needs.

A full doc loan requires the borrower to present all necessary documents, including income verification, to be considered for the home loan. This type of loan usually offers lower rates because it is less risky for the lender. On the other hand, if you are self employed you may not have all of the required documents and should look into a stated income loan.

Stated income home loans allow those who are self employed, or do not have documentation of earned wages, to state a wage on the mortgage application and qualify for a mortgage based on that stated income. The advantages of a stated income loan are that the borrower does not need to verify income and approval is generally faster than with traditional home loans. The disadvantages of this type of loan are that interest rates and the required down payments are often higher than with traditional home loans.

Contact Superior Mortgage Solutions to discuss your best home loan options by calling Toll Free: 888-909-SMS1.

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