Stated Income Loans St George Utah borrowers can explore may provide an alternative mortgage option when traditional income documentation does not accurately reflect their financial situation. These programs may help qualified self-employed borrowers, business owners, entrepreneurs, professionals, and borrowers with substantial assets purchase or refinance a primary residence in St. George and surrounding Washington County communities.
Daniel Paris | Utah Mortgage Broker | NMLS #243976
UtahLowRate.com | 801-604-4949
Last Updated: September 2026
Quick Answer: Stated income loans in St. George, Utah are alternative mortgage programs for qualified borrowers who may not fit traditional income-documentation guidelines. Depending on the program, underwriting may place greater emphasis on credit, assets, reserves, down payment or equity, property value, occupancy, and the overall financial profile. Approval is not automatic, and lender underwriting requirements still apply.
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Stated Income Loans St George Utah: Key Facts
| Program Feature | General Program Guidelines |
|---|---|
| Location | St. George and eligible Utah communities |
| Loan Amount | $100,000–$2.5 million |
| Purchase | Available for qualified borrowers |
| Rate-and-Term Refinance | Available |
| Cash-Out Refinance | Available |
| Maximum Purchase/R&T LTV | Up to 80% |
| Maximum Cash-Out LTV | Up to 75% |
| Credit Tiers | 640, 660, 680 and 720+ |
| Reserves | Generally 6–9 months, depending on tier |
| Occupancy | Primary residence for the program described here |
| Underwriting | Required |
| Approval | Subject to lender/investor guidelines |
These are general parameters for the program described on this page. Guidelines, pricing, documentation requirements and availability can change.
What Is a Stated Income Mortgage in St George, Utah?
A stated income mortgage is an alternative financing option that may be available to qualified borrowers who do not fit standard conventional income-documentation rules.
The term stated income can be confusing. It does not mean that borrowers can simply state any income they want or avoid underwriting.
Modern alternative mortgage programs still evaluate the borrower and property. Depending on the program, a lender may review:
- Credit history
- Available assets
- Cash reserves
- Down payment or home equity
- Loan-to-value ratio
- Property value
- Occupancy
- Loan amount
- Housing history
- Overall financial profile
All information submitted on a mortgage application must be complete and accurate.
For a statewide overview, see Stated Income Mortgage Loans Utah.
Who May Consider Stated Income Loans in St George?
St. George attracts people with many different financial profiles. Some work for traditional employers. Others own businesses, receive 1099 income, work independently, have substantial assets, or are moving into retirement.
Alternative mortgage financing may be worth exploring for qualified:
- Business owners
- Entrepreneurs
- Self-employed professionals
- Independent contractors
- Consultants
- Real estate professionals
- Construction company owners
- Medical and professional-practice owners
- Commission-based professionals
- Freelancers
- 1099 workers
- Borrowers starting a new business
- Borrowers between traditional employment positions
- Borrowers with substantial liquid assets
- Borrowers relocating to Southern Utah
Eligibility depends on the complete borrower, property and transaction profile.
Stated Income Loans for Self-Employed Borrowers in St George
Self-employment can make mortgage qualification more complicated.
A successful business may generate strong cash flow while the owner's tax returns show lower taxable income because of legitimate business expenses and deductions.
Traditional mortgage underwriting often relies on tax-return calculations to determine qualifying income. Those calculations may not always reflect the complete financial position of a business owner.
A stated income or alternative-documentation program may evaluate the situation differently.
Credit, assets, reserves, down payment, equity, property value and other factors may become more important depending on the program.
Self-employed borrowers should also compare other options. Bank Statement Loans Utah may use eligible deposits to calculate qualifying income, while Profit and Loss Mortgage Loans Utah may provide another documentation approach.
St George Stated Income Purchase Loan Guidelines
The program described on this page may provide primary-residence purchase financing up to 80% LTV/CLTV for qualified borrowers at the highest qualifying tier.
| Credit Score Tier | Maximum Purchase LTV/CLTV | General Reserve Requirement |
|---|---|---|
| 720+ | Up to 80% | 9 months |
| 680 | Up to 75% | 6 months |
| 660 | Up to 70% | 6 months |
| 640 | Up to 65% | 6 months |
These are maximum program parameters, not guaranteed terms. Additional lender requirements apply.
A higher credit score does not automatically qualify a borrower for the maximum LTV. Assets, reserves, property eligibility, loan amount and the overall file are also reviewed.
Stated Income Refinance Options in St George
Qualified homeowners may also explore stated income financing for a rate-and-term refinance.
A rate-and-term refinance generally replaces an existing mortgage without providing substantial cash proceeds beyond amounts permitted under the applicable program.
The program described here may allow rate-and-term refinancing up to the same maximum LTV tiers used for purchase transactions.
Before refinancing, compare the proposed interest rate, closing costs, loan term, existing mortgage and expected time in the property.
The Consumer Financial Protection Bureau also provides a useful Loan Estimate explainer for understanding and comparing mortgage costs.
Stated Income Cash-Out Refinance St George Utah
Homeowners with sufficient equity may be able to use an eligible stated income cash-out refinance to access part of their home equity.
General maximum cash-out parameters for the program described here are:
| Credit Score Tier | Maximum Cash-Out LTV/CLTV | General Reserve Requirement |
|---|---|---|
| 720+ | Up to 75% | 9 months |
| 680 | Up to 70% | 6 months |
| 660 | Up to 65% | 6 months |
| 640 | Up to 60% | 6 months |
The amount of available cash depends on factors such as appraised value, existing liens, closing costs, maximum LTV and the approved loan amount.
Cash-out financing should be evaluated based on the borrower's goals and the costs of replacing the existing mortgage.
Stated Income Loans for Higher-Priced St George Homes
St. George and surrounding Southern Utah communities include higher-priced primary residences where borrowers may need larger loan amounts.
The stated income program described here provides loan amounts from $100,000 to $2.5 million, subject to underwriting and current program availability.
Borrowers needing larger financing should also compare Jumbo Mortgage Loans Utah and Super Jumbo Mortgage Loans Utah & California.
The right program depends on more than the loan amount. Income documentation, credit, assets, reserves, property type and occupancy can all affect the available options.
Stated Income vs Bank Statement Loans
Stated income and bank statement mortgages are not necessarily the same product.
A bank statement mortgage generally analyzes eligible deposits from personal or business bank statements to determine qualifying income.
A stated income or alternative-documentation mortgage may use a different qualification method and place greater weight on other financial factors.
A self-employed St. George borrower with consistent business deposits may therefore want to compare a stated income program with Utah Bank Statement Loans.
The goal is to use the documentation method that best fits the borrower's actual financial profile and the available lender guidelines.
Stated Income vs 1099 Mortgage Loans
Independent contractors and other borrowers receiving substantial 1099 income may have another alternative.
A 1099 Mortgage Loan may use 1099 earnings under the applicable program rather than relying on the same tax-return calculations used by many traditional mortgages.
This can be useful for some borrowers, while others may fit a bank statement, P&L, asset-based or stated income program more closely.
Compare programs before choosing one based on the name alone.
Stated Income vs DSCR Loans
The stated income program described on this page is intended for an eligible primary residence.
Real estate investors usually need a different approach.
A DSCR Mortgage Loan in Utah may qualify an eligible investment property primarily by evaluating property cash flow rather than the borrower's traditional personal income.
That distinction is important for St. George-area borrowers considering rental or investment properties.
Primary Residence Requirements
The specific stated income program described here is for an eligible primary residence.
Borrowers seeking financing for a:
- Rental property
- Short-term rental
- Investment property
- Vacation rental
- Second home
should compare other Non-QM, DSCR, second-home or investment-property programs.
Explore Utah Non-QM Mortgage Loans for additional alternative-financing possibilities.
Stated Income Loans in St George, Washington, Ivins and Santa Clara
Although this page focuses on Stated Income Loans St George Utah, qualified borrowers may explore alternative mortgage options throughout Washington County and Southern Utah.
Communities can include:
St. George • Washington • Ivins • Santa Clara • Hurricane • Southern Utah communities
St. George includes established neighborhoods, new construction, luxury homes and master-planned communities. Nearby Washington, Ivins and Santa Clara also have a wide range of primary residences.
The property's location alone does not determine mortgage eligibility. Qualification depends on the borrower, transaction, property and applicable lender guidelines.
Stated Income Mortgage Options for People Relocating to St George
Relocating can create income-documentation challenges.
A borrower moving to St. George may also be:
- Leaving an existing employer
- Starting a business
- Relocating an existing company
- Moving from W-2 employment into self-employment
- Entering retirement
- Restructuring investments or income sources
A borrower can have strong credit and substantial assets yet still have difficulty meeting a traditional mortgage program's employment-history requirements.
Alternative mortgage programs may provide additional possibilities when the borrower's complete financial profile meets lender requirements.
What Documents May Be Needed?
Documentation varies by lender and program.
Depending on the scenario, borrowers may be asked for documents related to:
- Identity
- Credit
- Assets
- Bank or investment accounts
- Reserves
- Down payment
- Existing mortgages
- Property information
- Homeowners insurance
- Purchase contract
- Business ownership
- Gift funds, when applicable
- Other information required for underwriting
Alternative documentation does not mean zero documentation.
Five Things to Review Before Applying
1. Your Credit Profile
Credit can directly affect available LTV and program pricing.
The program tiers shown on this page begin at 640, with different maximum LTV levels at 660, 680 and 720+.
2. Your Available Down Payment or Equity
Calculate how much you expect to put down on a purchase or how much equity you have for a refinance.
Maximum LTV is not the same as guaranteed LTV.
3. Your Reserves
The program described here generally requires six or nine months of qualifying reserves, depending on the applicable tier.
4. Your Loan Amount
Know your estimated purchase price, current mortgage balance and desired loan amount.
This program currently covers eligible loan amounts from $100,000 to $2.5 million.
5. Your Other Mortgage Options
Do not assume stated income financing is the only alternative.
Compare Stated Income Mortgage Loans Utah, Bank Statement Loans Utah, 1099 Mortgage Loans Utah, Profit and Loss Mortgage Loans Utah, and Utah Non-QM Mortgage Loans.
Stated Income Loan Locations in Utah
Looking outside Southern Utah?
Explore related stated income mortgage resources:
- Stated Income Mortgage Loans Utah
- Stated Income Loan Requirements Utah
- Stated Income Mortgage Loans Salt Lake City
- Stated Income Loans Park City Utah
These pages form the stated income mortgage topic cluster and provide additional statewide, local and program-specific information.
Why Work With a Utah Mortgage Broker?
A mortgage broker can review programs from wholesale lending sources rather than relying on one bank's retail mortgage menu.
That can be useful with Non-QM and alternative-documentation mortgages because lenders may have different requirements for:
- Credit
- LTV
- Reserves
- Loan amounts
- Documentation
- Property types
- Occupancy
- Self-employment
- Alternative income scenarios
The objective is not simply to find a mortgage carrying a particular label. It is to identify available financing that fits the borrower's actual circumstances.
Frequently Asked Questions About Stated Income Loans St George Utah
What are stated income loans in St George Utah?
Stated income loans in St. George, Utah are alternative mortgage programs that may help qualified borrowers whose financial circumstances do not fit standard income-documentation guidelines. Underwriting and lender eligibility requirements still apply.
Can self-employed borrowers get a stated income loan in St George?
Potentially. Self-employed borrowers and business owners are among the borrowers who may explore stated income and other alternative-documentation mortgages. Eligibility depends on the complete financial and property profile.
What is the maximum LTV for a stated income purchase?
The program described on this page provides purchase and rate-and-term financing up to 80% LTV/CLTV at the highest qualifying tier, subject to credit, reserves and other underwriting requirements.
What credit score is needed for 80% LTV?
The highest tier described here requires a 720 credit score and nine months of qualifying reserves for up to 80% purchase or rate-and-term LTV/CLTV.
Can I qualify with a 680 credit score?
The program described here includes a purchase and rate-and-term tier of up to 75% LTV/CLTV with a 680 credit score and six months of reserves, subject to underwriting.
What is the maximum stated income loan amount?
The program described on this page offers eligible loan amounts up to $2.5 million.
Can I use a stated income loan for cash-out refinancing?
Potentially. The program includes cash-out refinancing for eligible primary residences. Maximum LTV depends on the applicable credit and reserve tier.
Can stated income loans finance St George investment properties?
The specific program described on this page is for primary residences. Investors should explore other financing, including DSCR Mortgage Loans Utah and other Non-QM investment-property programs.
Are stated income loans the same as no-doc loans?
No. Modern alternative mortgage programs still require underwriting and applicable documentation. Credit, assets, reserves, property, occupancy and other eligibility factors may be reviewed.
Do stated income loans require tax returns?
Documentation depends on the specific program. Some alternative programs reduce reliance on traditional tax-return income calculations, but borrowers still must meet applicable documentation and underwriting requirements.
Are stated income loans available in Washington and Ivins?
Potentially. Qualified borrowers may explore alternative mortgage programs in St. George, Washington, Ivins, Santa Clara, Hurricane and other eligible Utah communities.
Are stated income mortgage rates higher than conventional rates?
Pricing can differ because alternative-documentation programs use different underwriting and risk criteria. Actual rates depend on market conditions and the borrower's credit, LTV, loan amount, property and complete scenario.
Should I use a stated income loan or a bank statement loan?
That depends on your financial profile. A self-employed borrower with consistent eligible deposits may fit a bank statement program, while another borrower may be better suited to stated income, 1099, P&L, asset-based or another Non-QM program.
Talk With Daniel Paris About Stated Income Loans in St George
If conventional income documentation does not accurately represent your financial circumstances, compare the alternative mortgage programs available for your situation.
Daniel Paris can review your:
- Credit profile
- Purchase price or estimated property value
- Desired loan amount
- Down payment or existing equity
- Available reserves
- Occupancy
- Purchase or refinance objective
- Current income-documentation situation
Daniel Paris
Utah Mortgage Broker
NMLS #243976
801-604-4949
UtahLowRate.com
See If I Qualify | Ask a Mortgage Question
This information is for educational purposes only and is not a commitment to lend or a guarantee of approval, interest rate, loan amount, LTV, savings or loan terms. Mortgage programs, guidelines, pricing, documentation requirements and availability may change. All loans are subject to lender/investor underwriting and applicable eligibility requirements.
