Stated Income Loans

 

Stated Income Loans are offered on :

1-4 Investor Units -

This program is for SFR, condo, Townhome and 2-4 units investment properties only. The maximum loan amount is 1 million to 70% LTV

Or 2 million to 65% LTV. Impounds are required , loan is assumable at lenders discretion. No DCR required – reserves required on vacant property-

30 year term with no balloon – Loans in CA only.

Stated Income Loans offered on :

Commercial -

This program is for office buildings, warehouse, self- storage , general retail and mixed use. Maximum loan amount 5 million to 65% LTV. Impounds required.

Loans are assumable at lenders discretion. DCR required at 1.20 ( some exceptions may apply ) – 30 year term with no balloon – Loans in CA only

Apartment -

This program is for Multi – Family 5+ Units. Maximum loan 5 million to 75% . DCR of 1.20 required some exceptions may apply – impounds required –

30 year term with no balloon – Loans in CA only.


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