Best Arizona No Tax Return Loans
No Taxes, No W2’s, No Income Verifiaction, No DTI Calculation
The Best Arizona no-tax return loans are available now! It is the perfect program for the real estate investor who is looking to:
- Buy and Hold
- Refinance into long term financing out of your short-term bridge
- Cash out purpose to buy additional or improvement investment properties.
If you are not familiar, this loan is specifically catered to the real estate investor and there is no personal income verification of any kind. That said, here are some program updates.
No Tax Return Investment Property Update:
Maximum loan amount: $4,000,000
The maximum available loan amounts for this program will vary depending on the lender you are working with and is currently no higher than $4,000,000. At Valor lending group we specialize in this type of program and have kept our finger on the pulse of the market. That said, we will fit you with the specific lender to accommodate your needs.
Maximum LTV: 80%
LTV or Loan to value has a few determining factors of its own. It can be affected by the credit score or loan purpose (purchase, rate, and term refinance or cash out) for the most part 80% is great news because it shows the investors have confidence in the product and it is as high of leverage as it was prior to the Covid-19 pandemic.
Minimum credit score: 620
The current minimum credit score is 620. The importance of that is knowing how that will affect your financing. For instance, if you have the minimum credit score, you would want to consider the effect on the allowed loan amount, interest rate, and allowable loan to value.
Minimum debt coverage: No Ratio
The debt service is the most important factor when considering the no-tax return investment property loan. The great part about this financing option is it does not have to debt service. For the best rate, the property has to cover its own monthly principal, interest, taxes, and insurance (HOA as well if there is one) obligation. As an easy example, if the PITI is $1,000/mo. the monthly rental income must be a minimum of $1,150 for best pricing.
Bottom Line:
These programs are changing frequently and are moving back towards where things were prior to the Coronavirus effects on the economy. If you would like to receive updates on the upcoming improvements, please email or call me and I can add you to my weekly program updates.
Recap of our Loan Products:
- Hard Money Loans (20% down / minimal documentation) Typically Fund in 7-10 days.
- Stated Income Loans (Great for business owners and self employed ) No tax returns!
- 100% financing is available (we can cross collateralize other properties if there is enough equity)
- Valor VA Home Loan 100% financing up to $1.5MM
- Rental Property Loan – No tax returns or DTI calculation! Based on subject property cash flow – No DSCR Coverage needed!
- Flipper & Rehab Loans (Flip a property with one of our many options)
- 2nd Position Loans up to $5mm
- Raw Land & Lot Loans
- Ground up Construction for spec homes, custom homes and commercial ground up.
- Farms, Vineyards, Ranches and Agricultural Properties (25-30% down)
- 5% down Jumbo’s with NO MI up to $2mm / 10% down up to $3mm
- Manufactured Housing / Mobile Homes (20% down / 600+ credit score)
- Acreage Properties
- Commercial Loans up to $500mm
- 3% & 5% down Conventional Loans– LPMI (Lender paid mortgage insurance)
- Foreign Nationals Loans (no social security or residency required)
We also offer:
- Conventional Conforming Loans (under $510,400)
- High Balance Conforming (from $510,400-$765,600)
- Jumbo Loan Financing to $10 Million / Super low rates! / 10% down Jumbo to $3mm
- FHA, USDA
- Reverse mortgages up to $1 Million Value
- Cash Out Refinancing
**Rates and terms subject to change without notice
