Stated Income Loans

 

  Stated Income for Commercial Finance is Back!!

                                                                                                 
The key points of this program are as follows:

            - Loan amounts are from $100,000 to $2,000,000

            - Can be used for owner occupied AND investor

            - Must be either self-employed or a Real Estate investor

            - 650 minimum credit score

            - No tax returns required

            - Up to 75% LTV on Multi-family and mixed use and that is for CASH-OUT ALSO!!!

            - Up to 70% LTV on Office, retail, mobile home parks, self-storage, auto services, etc. 

Exclusions: Restaurants, Hotels,Motels,Condo’s,Land,Construction,Gas Stations,Churches

All States except: MI,WI,VT, Cook County IL


We treat purchase, rate and term refinance and, cash-out refinance the same! 

So you can go cash out on a stated income product to 70% on most properties and 75% on mixed use or apartments-this is HUGE. 

This loan can help a lot of people get financing that otherwise may not be able to get it. 

This can be a huge boon to you and, your clients.  Rates start at 8.75% and are based on risk, lower LTV's and Higher scores get the better rates. 

You can go 3, 5, or 7 year fixed and, the amortizations on ALL products is 30 years which keeps the payments affordable even with the higher rates. 

This is an incredible program, realtors, financial planners, you all must know some business owner struggling with a re-fi, or maybe they want to do a purchase but the numbers just aren’t satisfying the bank.



Email nicklends@bouldercommercialcapital.com  for more information