Stated Income Loan Product for Residential or Commercial
Stated Income
Purchase or Refinance Loan
Loan Amounts to $2,000,000.
Loans for Non-Owner and Investment properties up to 75% LTV.
Terms: Long term hold - 3 and 8 yr. ARMs, fixed then adjustable for remainder of 30 years.
Rates from 7.49% and 2 points.*
3 months reserves post closing
1 yr. Fix and Flip from 8.5% (no reserves needed)
No min FICO on FIX and Flip loans.
21 day close of escrow.
Interest reserve options.
Fix and Flip, Investor & REO financing -
Any amount of properties allowed
In Bankruptcy or Foreclosure OK.
Unlimited cash out.
No title seasoning required.
Available: Nationwide except ND and SD. Brokers protected.
*Fees: 2 points in the transaction.
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