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.
1-4 Buy and Hold Financing Program
- $75,000 to $2 Million
- 5 or 7-year hybrid
- 30-year amortization
- 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 70-75% for cash-out refinance
- Qualifying income based on property cash flows
- Must have: a) owned 3 lifetime investment properties, or b) a primary home and one investment property
- 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.
Prepayment Penalties are:
- 3% 1 st year
- 2% 2nd year
- 1% 3rd year