My only stated income is from being self employed and I am currently between jobs. What kind of low-doc or no-doc loans are available for raw land?
With the subprime mortgage meltdown so highly publicized in 2007-2008, there will be restrictions and regression on many programs based on stated income. In this instance, you are discussing raw land, but the same principles apply. You should speak with the lenders in your area, but I would also caution anyone wanting to increase their indebtedness. Be sure that whatever income and cash resources you have will be sufficient and available to make the payments you will have.
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With the subprime 