STATED INCOME, NO DOC LOANS — NO income verification required & NO tax returns needed.
Expand your small-balance mortgage origination business with solutions for investors of 1-4-unit residential properties. Featuring fast closings and competitive rates, this stated income program is a smart alternative for clients looking to transition out of a short-term loan or acquire a new investment property. We treat your rental property like your own small business, and we underwrite to the cash flow it will produce, not your personal income. We don’t limit the number of rental properties you can own, so we give you maximum flexibility. We provide personalized service throughout the entire loan process – from quote to close.
- $100,000 to $2 Million
- 15, 30-year fixed
- 5, 7-year hybrid
- 30-year amortization
- 1-4 unit attached/detached properties
- Rate/term refinance
- Cash-out refinance
- Individual or business entity
- Up to 80% for purchase and rate/term refinance
- Up to 70% for cash-out refinance
- Qualifying income based on property cash flows
- No Doc Loan: No W2, tax returns or 4506T required
- Closing in less then 30 days
- Generally urban or suburban locations in primary, secondary, or tertiary markets.
- Borrower must have owned or own 3 investment properties in their lifetime to qualify. Can be primary as well
- Credit Scores 660 -70% ltv purchase/rate & term
- Credit Scores 680 -75% ltv purchase/rate & term
- Credit Scores 700 -80% ltv purchase/rate & term