3. I was just offered a stated income loan at 3%, max stated income being 3x liquid assets after closing, letters of reference required. Don’t be so sure — creative financing is back, at least on the right coast. Of course, this is still better than a NINA or NINJA loan of years past.
Between this and the truck selling “fallen from the truck” goods parked outside Penn Station, it’s been a week of back to the future for me!!
