Stated Income - No Doc Loan - Purchase or Refinance

[MonFund]

Stated Income - No Doc Loan - Purchase or Refinance

Stated income loans, also known as DSCR (debt service coverage ratio) loans, are a type of commercial mortgage that allows borrowers to qualify for a loan based on their projected rental income rather than their personal income. This can be a great benefit for real estate investors, as it can make it easier to get approved for a loan and purchase an investment property.

Here are some of the benefits of stated income loans on rental properties:

Easier to qualify for a loan. If you have non-traditional income, such as self-employment income or commission income, you may have a hard time qualifying for a traditional mortgage. Stated income loans can make it easier to qualify for a loan, as lenders will only consider your projected rental income.

Faster loan approval process. The loan approval process for stated income loans is typically much faster than the process for traditional mortgages....

[MonFund]

• AirBNB & Short term rentals OK!
• Available on 1-4 unit residential investment properties from $75k to $2M loan amounts
• NO DCR required
• NO Income Documentation required
• NO Reserves required
• NO Asset Seasoning required
• NO previous investment experience required
• 30-year fixed and 10-year interest only options w/o lender points
• Minimum Fico: 650 (exception to lower FICOs available)
• Foreign Nationals - OK

Call Now! 888-332-2882

www.monumentalloans.com

[MonFund]

Have you ever heard of a DCR program that doesn’t have a minimum DCR requirement for qualification? We’ve got it! A true no-ratio program!

• NO DCR required
• NO Income Documentation required
• NO Reserves required
• NO Asset Seasoning required
• NO previous investment experience required
• Available on 1-4 unit residential investment properties from $75k to $2M loan amounts
• AirBNB & Short term rentals OK!
• 30 year fixed and 10 year interest only options w/o lender points
• Minimum Fico: 650 (exception to lower FICOs available)
• Foreign Nationals - OK
• Broker Comp to 5%

Our short-term solution for purchasing investment property and financing renovation costs:

• Available on 1-4 Unit n/o/o investment properties
• $75k – $2MM (with exception to higher $$$) & up to 75% of the ARV or 80% Loan-to-Cost (whichever is lower) to cover the renovation budget
• Initial draw is 80% of the purchase price (so 20% down payment required)
• 12 month Interest Only Payment
• No Prepayment

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