Definitions for "Stated"
Income and employment are disclosed in the mortgage application, but income is not verified through paystubs, W-2's, tax returns, or bank statements. Length of employment is verified. These programs are used primarily for self employed individuals but can also be used for W-2 employees with high debt ratios.
Recurring at regular times; not occasional; as, stated preaching; stated business hours.
Keywords:  explicitly, declared, fact
declared as fact; explicitly stated
Keywords:  settled, established, fixed
Settled; established; fixed.