Top Stated Income Loans
Self-Employed | Valor Lending Group
Valor Lending Group has the Top Stated Income Loans you have been searching for!
Are you a Self-Employed individual looking for a home loan?
Self-employed individuals often run into an issue when applying for a mortgage because they take advantage of
all the legal tax deductions, and by doing they show a lower net income. By showing a lower net income is makes it
challenging to qualify for a conventional mortgage.
Stated income loans were created for self employed buyers and homeowners that do not qualify for a home loan due to the low income on their tax returns. Self employed individuals use the IRS tax code to write off expenses, however by doing that their income is much lower than the amount needed to qualify for a loan. If using the full income documentation to qualify for a loan, it would not show enough income after deductions and write-offs. Investors and banks created the stated income loan program to help self employed individuals buy or refinance their home. Stated income loans are higher risk and the interest rates will typically be on the higher side of the spectrum, however it is a great option to those that wouldn’t have any other avenues to go down.
Check out our highlights to our top stated income loans below
Stated Income Program Highlights:
- 12 and 24 month Bank Statement options available.
- Up to 90% LTV (on Purchases & R/T Refinances)
- Borrower and Lender paid points available.
- Must have 2 years verifiable self employment income.
- No Tax Returns
What you would need for submission
- 12-24 Months Bank Statements (business or personal)
- Copy of Business License (3 years)
- Provide CPA Letter (stating you are 100% owner, have been in business for 2 years and taxes have been done for two years | Also list a current expense ratio and the CPA License Number)
Valor is FUNDING Top Stated Income Loans for California residential properties. We are Non QM Specialists! No tax returns! We use 12-24 months bank statement cash flow for self employed borrowers and business owners.
Call me now for immediate attention to your scenario.
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
- Investor Cash Flow Loan – No tax returns or DTI calculation! Based on subject property cash flow
- 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)
- 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:
- 10, 15, 20, 25, 30 year Fixed, Conventional Conforming Loans
- High Balance Conforming aka Super Conforming
- Jumbo’s to $10 Million / 10% down Jumbo to $1.5mm
- FHA, USDA
- ARM’s
- Reverse mortgages up to $1 Million Value
- Refinance including Cash Out
CONTACT ME TODAY for immediate attention to your scenario!
**Rates and terms subject to change without notice**
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