American Financing Answers

When available, a stated income-stated asset (SISA) loan was good for those that had excellent credit and showed the history to be able to repay their debts without regard to the actual amount of income they had. Typically these types of loans were for self employed individuals that used the benefit of the tax laws (see your tax professional) to write off expenses on paper to lower their taxable income. Unfortunately, most of these programs have been discontinued and might be available through a private lending institution at this time. Consult with an American Financing Mortgage Consultant to see if you can qualify on a traditional loan.