The Secured Business Loan program for residential real estate is ideal for those who plan on holding an investment property for the foreseeable future since it comes with a stable, fully-amortized, 30-year term. It's also important to note that this secured business loan program has a minimum credit score requirement of 650 or greater; if your score is lower, no worries, we recommend you check out the Secured Business program since there is no minimum credit score requirement.
The Secured Business Loan for residential real estate program also has additional benefits such as the ability to minimize your prepayment penalty, flexible underwriting guidelines, and monthly principal & interest payments which helps decrease your loan balance each and every month. Like all of our loan programs, applying for a Secured Business Loan does not have any minimum time in business requirement, no minimum monthly revenues, and absolutely zero income documentation.
ELIGIBLE PROPERTY TYPES: Single Family, Condo, Townhouse, 2-4 Units
Loans offers secured business loans on commercial real estate such as multifamily, mixed-use, office, and retail properties. These properties can be owner-user, or rented out to tenants. If rented to tenants please keep in mind that we require a minimum 70% occupancy rate; in other words 70% of the units (or more) must be occupied by tenants. Commercial Loans are offered with a 30-year term, fixed-rates are available, which allows for predictable payments.
Like all of our loan programs, applying for our Commercial Loans does not have any minimum time in business requirement, no minimum monthly revenues, and absolutely zero income documentation; making it a great alternative to SBA or bank financing.
ELIGIBLE PROPERTY TYPES: Multifamily (5+ units), Mixed-Use, Office, Retail
STATED INCOME MORTGAGE LOANS
No income verification │ No tax returns │ 30-year terms
Most property types considered!
No income verification. No tax returns!
Rates starting at 5.24%
$100k - $5M, close in 2-4 weeks!
STATED INCOME LOAN PROGRAM
The Stated Income Mortgage Loan Program is one of the most flexible lending options available to real estate investors. Why? Simply put, there is no income documentation, no income verification, no tax returns; and on most transactions (refinances) you will not be required to show any bank statements. Couple that with repayment terms up to 30-years and it's no wonder why it's our most popular real estate loan program.
The Stated Income Mortgage Loan is the best option for real estate investors looking for a reduced documentation experience without having to sacrifice for higher rates and short-terms, such as a bridge loan or hard money loan. To receive your custom, hassle-free loan quote please complete the "QUICK QUOTE" Form below or call us directly at 347.634.0405.
Please see below for an overview of the Stated Income Loan Program. See a loan program that looks like a good fit? Applying online only takes a few minutes!
RESIDENTIAL
Stated Income Loans are a great options for borrowers looking to purchase or refinance a residential investment property, but are also looking to avoid income documentation or verification. A great perk is that these loans come with a 30-year term. Bank statements are generally not required for refinance transactions, however, purchase transactions will require proof of funds to close.
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OVERVIEW
LOANS: $100k - $2.5M
RATES: 5.24%+
TERMS: 30 years
LTV: ≤ 75%
FICO: 620+ (if less click here)
PROPERTIES
Single Family
2-4 Units
Condo
Townhouse
LENDING TERRITORY
AL, AK, AR, CO, CT, DE, DC, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MS, MO, MT, NE, NH, NJ, NM, NY, NC, OH, OK, PA, RI, SC, TN, TX, VA, WA, WV, WI, WY
COMMERCIAL
Stated Income Loans are a great options for investors looking to purchase or refinance a commercial property, but are also looking to avoid income documentation or verification. A great perk is that these loans come with a 30-year term. Bank statements are generally not required for refinance transactions, however, purchase transactions will require proof of funds to close.
COMMERCIAL HARD MONEY
Our perfect Commercial Hard Money Loan is designed for real estate investors seeking short-term financing. Hard Money Loans offer flexible qualifying guidelines being that there's no income documentation couple with being credit score friendly -- only a 500+ FICO is needed. Payments are also kept lower since the Hard Money Loan program offers interest-only payments.
OVERVIEW
LOANS:$250k - $15M
RATES:6.99%+
TERMS:up to 3 years
LTV:≤ 75%
FICO:500+
PROPERTIES
Multifamily (5+ units)
Mixed-Use
Office
Retail
LENDING TERRITORY
CO, ID, NM, OK, TX, WA, WY
PROPERTIES
Multifamily (5+ units)
Mixed-Use
Office
***Due to COVID-19 were are not offering this program for commercial properties, please check out our Stated Income Loan for commercial real estate funding.**