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Stated Income
Ideal For:
- Borrowers who are unable or unwilling to show tax returns
- Borrowers who are unable to secure a loan through a bank
Program Benefits:
- Borrow up to 80% of your property value
- Allows for cash businesses
- No tax return or financial statements required for underwriting
- Secondary financing allowed
Program Highlights:
- Focus on property and credit
- Flexible underwriting
- Streamlined documentation
- Speed and ease
Credit Requirement:
- Credit scores of 660+ (600+ FL,PA,WA,MD,VA,TX,IL)
Eligible Property Types:
- Multi-family (5 + units)
- Retail
- Office
- Mixed Use
- Warehouse
- Self Storage
- Light Industrial
- Automotive
- Special Purpose
Loan Terms:
- 15, 20 and 30-year fully amortizing loans
Advantages:
- No income or asset verification required
- Less paperwork
- Fast, easy approval process
- No Source/Seasoning of down payment
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90% LTV FINANCING
Program Benefits:
- Borrow up to 90% of your appraised value
- Longer terms and faster closings
- Secondary financing allowed
- Competitive rates
- 30 Year amortization
- No lockout period required
Program Highlights:
- Focus on credit
- Residential-style underwriting
- Unlimited cash-out refinancing
Credit Requirement:
- Credit scores as low as 680
- Credit scores as low as 700 for 90% financing requests
Eligible Property Types:
- Multi-family (5 + units)
- Retail
- Office
- Mixed Use
- Warehouse
- Mobile Home Park
- Self Storage
- Light Industrial
- Bed & Breakfast
- Automotive
- Health Care
- Others considered (please inquire)
Types of Financing:
- Full income documentation
Loan Terms:
- 30-year fully amortizing loans available
Advantages:
- No loan committees
- No ongoing financial reporting or covenants
- No limit on loans to single borrower
- No deposits required
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