Chase expands availability of stated-income equity lines and loansMortgagePress.comStated-income mortgages,home equity
Chase has expanded the availability of stated-income home equity
lines and loans, giving brokers and correspondents a broader range
of home equity options to offer their customers.
Most significantly, Chase has increased to $500,000 from
$300,000 the maximum loan amount for stated-income programs for
borrowers who meet combined loan-to-value, debt-to-income ratio,
FICO score and asset-verification requirements. The company has
also added second homes to the stated-income program and expanded
it to include borrowers with FICO scores of 680 and higher.
New York-based Chase is a home equity lender and subsidiary of
JPMorgan Chase. For more information, visit www.chaseb2b.com.