Stated Income Loans

 Class I

 SFR & Multifamily 2 to 4 Units
Non-Owner Occupied Only
 70% Max LTV - $150k to $1.0MM
 Purchase, Refinance & Cash-out Refinance

 Multifamily 5 or more Units 
Non-Owner Occupied Only
70% Max LTV - $150k to $2.0MM
 Purchase, Refinance & Cash-out Refinance

 Mixed-Use
70% Max LTV - $150k to $2.0MM
 Purchase, Refinance & Cash-out Refinance

Class II

 Office, Retail, Warehouse,
Self-Storage,
 Auto Service
(no gas stations)

 65% Max LTV - $150k to $2.0MM
 Purchase, Refinance & Cash-out Refinance

Class I and Class II

3 Year fixed Loan and 5 Year Fixed Loan (available)

Amortization/Term 30 year fully amortizing / 30 year loan (other amortization options available)

Prepayment Penalty5% for each year loan is fixed. - Example: 3yr fixed = 5%, 5%, 5%

Impounds for property taxes and insurance required

CLTV = 10% Above Max Matrix LTV

Loans are assumable at Lender's discretion - 1% fee

Loan is adjustable over WSJ Prime after fixed period

Free & Clear Properties: Max LTV = 5% below matrix

Min FICO = 650

Nationwide

Stated Income Loans Bridge Program Available
$1,000,000 to $5,000,000

 

Stated Income Loan $150k to $2.0MM