STATED INCOME LOANS
1 to 4 SINGLE FAMILY RESIDENCES
800-247-8212 Easy Qualify – Direct Stated Loans for the non-owner occupied single family 1 to 4 rental investment or investor/purchaser that can’t or does not want to go to the Bank for financing, here’s an easy to qualify 30 year fully amortizing loan without red tape or hoops to jump through. Direct Lender for Stated Income Loans. These type of loans can be used either to purchase 1-4 units or refinance an investment property of 1 to 4 units. The subject property must be currently rented or 70% occupied. All we need to get you started and on your way is a simple application. The typical closing time is about 4 weeks. Multiple rental properties owned is NOT A REASON FOR DIS-QUALIFICATION. This is a true stated income loan – No Tax Returns – No Debt to Income Ratios! No Doc to Low Doc. Fix-and-Flip Loans Now Available.
Stated Income Loans for Investors
Types of Property:
- 1-4 single family residences (including condo’s)
Must be non-owner occupied
Refinance or Purchase
- $100,000 to $2,000,000 for 1-4 units
Maximum Loan To Value
- Up to 75% LTV on Investor Purchase Loans and up to 70% for Investor Refinances
Types of Transactions:
- Refinance 1-4 units
- Purchases 1-4 units only (Fix and Flips Residential 1-4 Loans – OK)
- Cash Out – OK
- Stated Income – OK
- No Tax Returns – OK
- Previous Bank Turn Down – OK
- Multiple investment properties owned – OK
Mid – FICO Score:
- 650 Minimum Mid-FICO for maximum ltv of 70 to 75%
If your mid-credit score is less then 650 and above 620? We’ll go up to 65% LTV!!!
On our Fix-n-Flip programs no Credit Score is too low!
- 30 years / due in 30 years (30/30)
- 3 years fixed – adjustable year 4 through 30 (8 year fixed terms Now Available
Rates starting at 7.24% fixed for 36 months, adjustable 6 months thereafter
- Rates can be bought down as low as 5.75% in most cases by additional fee or extended prepayment period.
Contact us by email or call 800-247-8212
(No Rural Properties)
* STATES CONSIDERED:
Stated Loans for Rental Properties Residential available in: ALASKA, ALABAMA, ARKANSAS, CALIFORNIA, COLORADO, CONNECTICUT, DELAWARE, FLORIDA, GEORGIA, HAWAII, IDAHO, ILLINOIS (no Cook county), INDIANA, IOWA, KANSAS, KENTUCKY, LOUISIANA, MAINE, MARYLAND, MASSACHUSETTS, MISSISSIPPI, MICHIGAN (no Detroit property), MISSOURI, MONTANA, NEBRASKA, NEW HAMPSHIRE, NEW JERSEY, NEW MEXICO, NEW YORK, NORTH CAROLINA, OHIO, OREGON, OKLAHOMA, PENNSYLVANIA, RHODE ISLAND, SOUTH CAROLINA, TEXAS, UTAH, VIRGINIA, WEST VIRGINIA, WASHINGTON, WISCONSIN and WYOMING*
** INELIGIBLE STATES:
ARIZONA, MINNESOTA, NEVADA, NORTH DAKOTA, SOUTH DAKOTA, TENNESSEE, and VERMONT**
Disclaimer: The above rates and terms are general guidelines and subject to change without notice. Impounds required for property Taxes and Insurance. Loans are assumable upon lenders discretion. All individual loan requests will be considered on a case by case basis.