“True” Stated Income loan:
No tax returns, no W-2’s, no pay stubs, AND NO 12-24 months bank statements. Loans up to $2.5mm / Rates from 4.75% for a 30 year loan fixed for 7 years.
Must be self employed business owner in the same location for over 2 years with a minimum FICO score of 720 for purchase (740 for cash out refi). Easier qualifying if you have a website or if your company appears on an online directory. Requires a letter from your tax preparer.
Major credit event seasoning: Loan Modification 2 years/Short Sale 2 years/Bankruptcy 3 years/Foreclosure 5 years
Fast Hard Money Bridge Loans:
Limited documentation, typically Close in 5 – 12 days / No Doc for investment properties / No DTI / Typically No Appraisal. If you have a deal falling apart or just need a quick close, this is the program for you.
Rates starting at 5.99% interest only (1 year loan)
1-3 year terms
Owner & non owner occupied
Call or email me for immediate attention to your scenario!
Recap of our Loan Products:
- Hard Money Loans (30-50% 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)
- Investor Cash Flow Loan – No tax returns or DTI calculation! Based on subject property cash flow – 1% DCR!
- Flipper 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)
- 1% down Jumbo’s with NO MI up to $2.5mm
- Manufactured Housing / Mobile Homes (20% down / 620+ credit score)
- Acreage Properties
- Commercial Loans up to $100mm
- 3% & 5% down Conventional – 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 (under $417k)
- High Balance Conforming aka Super Conforming (from $417k-$625k)
- Jumbo’s to $10 Million / Super low rates! / 10% down Jumbo to $2.5mm
- FHA, VA, USDA
- Reverse mortgages up to $10 Million Value
- Refinance including Cash Out
I am able to take a Loan Application on a moment’s notice & will be happy to provide Pre approval letters.
Please do not hesitate to call on me if I may be of service in any way!
Valor Lending Group
CA BRE # 02026238
NMLS # 1600345
“Pride in Lending”
Diamond View Tower
350 10th Ave / 10th Floor
San Diego, CA 92101
Cell: (925) 872-0695
Office: (619) 344-2640
Fax: (619) 872-2400