Stated Documentation Loans
Loan amounts up to $1,000,000. Ideal for
borrowers who are self-employed and/or business owners who prefer
not to document income. This program offers a very streamlined loan
process since no tax returns or financial statements are required..
| Property
Types |
| Tier I: |
Multifamily and Mixed-Use |
| Tier 2: |
Office, Retail, Warehouse, Self-Storage, Light
Industrial, Mobile Home Parks, Bed &
Breakfast, Automotive Repair |
| Tier 3: |
Heavy Industrial, Rooming House, Funeral Home |
| Tier 4: |
Health Care, Day Care, Restaurant, Gas Station |
|
| Loan
Types |
- Purchase
- Refinance
- Cash-out Refinance
|
| Loan Amount |
$100,000 to $1,000,000 |
| LTV |
Up to 85% |
| Fixed Period |
3, 5, 7, and 30 - year fixed rate |
| Terms |
15, 20, and 30 year amortization options |
| Minimum DSCR |
1.0 DSCR |
| Program
Highlights |
- No tax returns or financial statements required
- Streamlined documentation and loan process
- NO loan committees, NO loan covenants, NO mandatory
lock-outs
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