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....

[MontezMoney]

If your niche is buy and hold rental properties and you need cash for refi or a new purchase (no rehab), contact me at Montez@TurtleIslandInvestments.com for your funding needs. I'm interested in funding Rental and Vacation Property deals (Multifamily 1 - 4 units) from $100k - 5mil. No tax returns or personal financial statements necessary. Must have FICO score 660+, DSCR 1.2+, and have 3 months reserves for PITIA on the target property. If you meet this requirement, let's do business.

I don't fund deals in: AK, AZ, DE, ID, MN, NE, NV, ND, OR, RI, SD, UT, VT. Cities/Counties: MI: Detroit OH: Dayton

I don’t care about your other RE holdings just as long as your monthly DSCR is 1.2+