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Documentation
Your loan officer may suggest a wide variety of programs for people
who have difficulty providing verification of income because they
are self-employed.
Some of the programs available include:
30 year fixed
15 year fixed
2 year fixed
1 year T-Bill ARM
6 month LIBOR ARM
COFI ARM
Down payment and reserves differ greatly with each program. (Reserves
are funds the borrower has beyond those necessary to cover the down
payment and closing cost. )
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