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If you are a business owner and or self employed then you need to check out our stated income loans! We require a minimum of 2 years in business and we use your bank statement cash flow. NO TAX RETURNS. You will be amazed at our super low rates.

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What Are Stated Income Loans?

These are not the type of loans that were prevalent in the pre-2008 financial crisis, and no longer are the days in which loan applicants can simply state their income on a loan application with virtually no due diligence conducted by the lender.

After the 2008 financial crisis, the sweeping provisions of Dodd-Frank changed the industry substantially, at least in the owner-occupied residential context. Since 2010 Dodd-Frank has required lenders to document a residential borrower’s ability to repay the loan.

Bank statement lenders still want to ensure borrowers can repay their mortgages; they just use bank statements to verify income as to opposed to tax returns. Self-employed borrowers are able to document their ability to repay based on business deposits into their personal or business bank accounts, i.e., their true cash flow.

Why Use Stated Income Loans?

1) The Difference

Traditional mortgage lenders require tax returns, W-2s, and paycheck stubs in order to determine monthly income. For salaried and hourly borrowers, the lenders look at gross income for qualifying purposes. But for self-employed borrowers, traditional mortgage lenders look at net income, the adjusted gross income showing on tax returns. This puts self-employed borrowers at a disadvantage because the typical self-employed or 1099 employee will write off as much expense as possible from their gross income on their tax returns to minimize how much they owe once tax season comes around.

Recap of our Loan Products:

1. Stated Income Loans (No Tax Returns, no W-2s, No P&L) up to $3M
2. Bank Statement Income Loans (Great Bank Statement Programs for business owners and self-employed)
3. Hard Money Loans (As low as 20% down / minimal documentation) Fund in 7-10 days.
4. Flipper Loans (Flip a property with one of our many options) up to 90% leverage
5. Commercial Line of Credit
6. 100% Financing (cross collateralize- hard money)
7. Foreign Nationals Loans (no social security or residency required)
8. Raw Land & Lot Loans
9. Ground up Construction for spec homes, custom homes and commercial ground up to $500M.
10. 2nd Position Loans up to $5M
11. Rental Property Loan – No tax returns or DTI calculation! Based on subject property cash flow
12. Farms, Vineyards, Ranches and Agricultural Properties (20-30% down)
13. 10% down Jumbo’s with NO MI up to $1.5M
14. Manufactured Housing / Mobile Homes (20% down / 620+ credit score)
15. Acreage Properties
16. Commercial Loans up to $500M
17. 5% down Jumbo (Up to $2M Lender paid PMI)

We also offer:

1. 10, 15, 20, 25, 30 year Fixed, Conventional Conforming Loans (under $484,350)
2. High Balance Conforming aka Super Conforming (from $484,350-$726,525)
3. Jumbo’s to $10 Million / Super low rates! / 10% down Jumbo to $3mm
4. FHA, VA, USDA
5. ARM’s
6. Reverse mortgages up to $10 Million Value

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