If you own a profitable business but have been turned down for a conventional mortgage loan due to how you file your taxes, our stated income loan program may be the answer. After all, self-employed people are the backbone of the American economy; it makes no sense that they should have trouble getting a mortgage.
If you’re self-employed but don’t make enough money to pass a traditional bank’s income verification requirements, you may be interested in our stated income mortgage program, also called a no income verification mortgage. Our service is unique because it eliminates the need to provide proof of income when securing a loan for a primary house or investment property (1-4 family or commercial) in the United States.
Here are a few of the features of the loan program:
- Up to a $2,000,000 Loan Amount
- A 75% LTV (loan-to-value) is possible with a 25% down payment.
- From $2 million to $5 million, the minimum down payment for a jumbo loan is 30%.
- LTVs as high as 60% are available for refinances.
- Buildings for living or working in
- There is no requirement or need to verify income.
- Quick settlements, typically within 30 days
- Excellent financing choice for non-citizens and sole proprietors
Now, then, what sets us apart? We offer the quickness and adaptability of a private lender, as well as the dependability of a professional mortgage broker, without any of the drawbacks of either. Let us demonstrate: as your mortgage broker, we serve only you, and we provide thirty-year terms on our stated-income loans so that you never have to worry about a balloon payment. Since we don’t require pay stubs, W-2s, or tax returns, don’t care about debt-to-income (DTI) ratios, and don’t use the 4506 form, we’re able to fund loans that banks won’t.
We believe that borrowers should have access to better choices, so we strive to provide just that. Our stated income loan is different from the norm because we only require a loan application and a credit report rather than the additional paperwork that is typically required for full income loans. Therefore, our stated income mortgage is the solution if you are having trouble getting a mortgage loan because you are self-employed or because you are writing off expenses that don’t qualify you for a loan. If you need assistance obtaining a mortgage, please call us or fill out the Fast Quote form on this page, and one of our helpful representatives will contact you as soon as possible.
Call Steven Jackson at 813-616-9411 now!
