Top stated income loans in California are for Self Employed individuals or for business owners and contractors who are not able to disclose certain information on their yearly tax return or that are very aggressive on their tax strategies. 12 to 24 month personal or business bank statements is all we need to prequalify/verify your income. Its that simple! Top California Self Employed or 1099 Independent Contractors Loan Programs are for business owner who is buying their forever home, refinancing rate/term, or pulling out equity from primary or investment property.
Top Stated Income Loans in California Program Highlights
- 2,12, 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
- No 4506T
What do you need for submission?
- 2-24 Months Bank Statements (business or personal)
- Copy of Business License (3 years)
- CPA Letter (stating you are 100% owner, you have been in business for 2 years and they have done your taxes for two years | Also list your current expense ratio and the CPA License Number)
- Purchase Contract (for purchase)
- Current Mortgage Statement (for refinance)
- Hazard Insurance Dec Page or New Quote for purchase
- Copy of your Driver License (front and back)
Need a quote? Call today with the information below!
- Property Address
- Purchase Price (for Purchase)
- Property “as is” Value
- Current Balance (for Refinance)
- Total Monthly Rents (confirm if long term or short term Airbnb leases)
- Monthly Taxes and Insurance
- Middle Credit Score
- Vesting in and Entity or Individual name
Other Amazing Products Valor Lending Group Can Offer:
- 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)
Call me today at 702-596-5639 or Email AFrench@ValorLending.com
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