Owner Financing down with stated income?

Financing, Hard Money Lenders, Private Money
1

Here is the situation.
Seller wants to sell a home for $2,050,000.

A buyer is willing to pay the full asking price but will do home financing the following way:
100% financing (of the amount of $1,850,000)
stated income
verified assets of $50,000 (possibly as high as $90,000)
Credit Score of 735
Seller will carry the $200,000 down for the buyer.

Property will be the buyers primary principal residence. (not an investment property)

Is there a lender which will do this? If so what rates should my client expect?

2

Yes, this type of loan can be done. Stated income on a loan that high in LTV is mid-high 7’s. My question is why do you say that $1,850,000 is 100%? You might be better off going no ratio than stated.