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Stated Income Loans

$400,000 to $1,500,000

Stated Income/No Income Verification Loans!

5.25% Rate APR 5.389% on Loans $418,000 to $1,500,000

If you need financing but your income is difficult to prove or document then the answer for you is the Stated Income program.   You can use this programs to Purchase or Refinance.

Stated Income (minimum loan amount $418,000) - Requires No W2's, No Pay stubs, No Tax returns. Available well-qualified self-employed borrowers.  Loan amounts from $418,000 to $1,500,000 and up to 60% Loan-To-Value.

Additional guideline for the Stated Income program:

• Minimum loan amount is $418,000
• This program is limited to California only
• Reserve Requirement - 24 months PITI
• No salaried employees. If applicants are not self-employed, it must go full income documentation.
• Owner Occupied and 2nd Homes ONLY
• Max LTV 60% 
• RATES starting as low as 4.75% 5 year Fixed(apr 5.25%)
• Minimum CREDIT score 720
• Assets 10x stated verified
• minimum loan $418,000
• Max Loan $1,500,000
• Full Doc to 5m

Stated Income/Stated Assets – We offer up to 60% loan based solely on equity.

• Minimum loan amount $500,000
• Maximum LTV is 60%
• Owner occupied, investment or commercial properties
• No FICO score requirement!
• No title seasoning requirements at all!
• No cash-out restrictions
• No limit on the amount of financed properties a borrower can own
• Rate 9.9%
• Origination points - 4 Points

Purchase, Refinance or Cash Out!

Due to market volatility the rates change on hourly and daily basis. Please contact us for Today's Interest Rate.

Please contact or e-mail for details and review of your scenario.

A fixed rate mortgage (FRM) is a mortgage loan where the interest rate on the note remains the same through the term of the loan, as opposed to loans where the interest rate may adjust or "float." Other forms of mortgage loan include interest only mortgage, graduated payment mortgage, adjustable rate mortgage, negative amortization mortgage, and balloon payment mortgage. Please note that each of the loan types above except for a straight adjustable rate mortgage can have a period of the loan for which a fixed rate may apply. A Balloon Payment mortgage, for example, can have a fixed rate for the term of the loan followed by the ending balloon payment. Terminology may differ from country to country: loans for which the rate is fixed for less than the life of the loan may be called hybrid adjustable rate mortgages (in the United States).

This payment amount is independent of the additional costs on a home sometimes handled in escrow, such as property taxes and property insurance. Consequently, payments made by the borrower may change over time with the changing escrow amount, but the payments handling the principal and interest on the loan will remain the same.

Fixed rate mortgages are characterized by their interest rate (including compounding frequency, amount of loan, and term of the mortgage). With these three values, the calculation of the monthly payment can then be done.