STATED INCOME ALT Loan Programs for Florida 2015 - 2016

Mortgage and Lending with Pro Option Mortgage, Inc. LO 204296 BRK 390492

Stated Income ALT loans for Florida are now available.  These loan programs are filling the gap, Saving deals and Making deals.  See  

These new loan programs are not No Doc loans as borrowers must show ATR (Ability To Repay), but they are designed to help Self Employed, 1099 or newly self employed borrowers puchase property with relatively low down payments and rates.



VA & USDA                                           100% LTV

FHA                                                        96.5% LTV

House/Townhome/Condo                 97% LTV- No PMI

Jumbo                                                    95% LTV-No PMI

Second Home                                       90% LTV- No PMI

Post Short Sale/ Foreclosure/ BK     90% LTV-No PMI

Super Jumbo Stated Income Alt.    87% LTV- No PMI

Mega Jumbo Stated Income Alt.     80% LTV- No PMI

Investment/ Flip Property                85% LTV

Foreign Nationals                               80% LTV

Hard Money Stated Income Alt.     75% LTV



Office Buildings & Warehouses     80% LTV/mid 4%

Rental Prop. Stated Income Alt.     75% LTV/upper 4%

Rental Prop. No Tax Returns          70% LTV/mid 6%


Steve McRory

Pro Option Mortgage 

Ph: 888-662-4404 


Prior Service U.S. Marine Corps




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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I hope consumers looking for  a loan will read this.

Oct 30, 2015 10:02 PM #1
Kat Palmiotti
406-270-3667,, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Welcome to ActiveRain. "No PMI" will bring buyers in!

Oct 30, 2015 11:01 PM #2
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Now self employed applicants have a chance.  Some young realtors are leaving for a fixed income benefited job to get a mortgage....


Sam Shueh

Oct 30, 2015 11:02 PM #3
Gilbert Real Estate Experts: Colby & Michele Myers
Darcam Real Estate & Investments, LLC. - Gilbert, AZ

Great programs, so many self employed workers need this.  Thanks for sharing!

Oct 31, 2015 12:05 AM #4
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

Steve McRory,  I agree with Gilbert real estate experts.  That is a great program, I am glad that it is not a no doc loan for obvious reasons.

Oct 31, 2015 12:56 AM #5
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Steve McRory Welcome to Active Rain!  As REALTORS who have been here (on and off) for more than 9 years, it's well worth it!

Oct 31, 2015 02:36 AM #6
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Steve McRory well, it's not as good as the "No Doc" version, but it's a better alternative than conventional financing....

Oct 31, 2015 03:24 AM #7
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

and welcome to's a great place to learn, share, market and network....and I hope you enjoy all of it....

Oct 31, 2015 03:25 AM #8
Nancy Robinson Ranked #6 in MI
Century 21 Town and Country - Royal Oak, MI
#11 Century21 Realtor in the US, #16 in the World

Just wondering  what is the interest range  and what sort of docs are needed to demonstrate ability to repay?

Oct 31, 2015 12:09 PM #9
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Welcome to Active Rain Steve, looking forward to reading many more of your posts, let me know if there is anything that I can do to help as you get started here.

Oct 31, 2015 02:54 PM #10
Doyle Davison
Hawaiian Beaches Hawaii - 714-968-6767 - Huntington Beach, CA
30 years as your Concierge services listing broker

I'm just glad there are so many products still on the market, especially my specialty fix and flip investments

Oct 31, 2015 03:37 PM #11
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Great opportunity for self employers.

Welcome to ActiveRain. Hope to get to  know you better from your future posts.

Nov 01, 2015 01:53 AM #12
Stefan Winter
Real Estate in IL & NV | Owner of Real Estate Web Tech | Daily Vlogger - Las Vegas, NV
Owner - Winter Group & Real Estate Web Tech

Welcome to ActiveRain, I know a lot of people that this would help out. Have a great week!

Nov 01, 2015 01:41 PM #13
Mery Fernandez Empire Network Realty Luxury Brokerage
Empire Network Realty INC. - Orlando, FL
The Rise of An Empire, Let's Build Yours!

Hi Steve! Welcome to the world of Activerain, may your blogging  create a whole new chapter in your Real Estate Career.

Nov 02, 2015 01:16 AM #14
Captain Wayne - Rowlett Real Estate School
Rowlett Real Estate School - Panama City, FL
Rowlett Real Estate School / Owner and Instructor

This is very important in this line of work. I'm trying to get some of my family involved in the market here as well, but the non stoic income is a bad turn off. This is a great plan!

Nov 02, 2015 06:12 AM #15
Captain Wayne - Rowlett Real Estate School
Rowlett Real Estate School - Panama City, FL
Rowlett Real Estate School / Owner and Instructor

Welcome to ActiveRain,  it's great to have you aboard.  I look forward to reading more of your posts.

Nov 02, 2015 06:12 AM #16
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Welcome to the world of ActiveRain blogging, Steve McRory .  You'll find this platform a valuable resource where we freely share and learn from each others experiences. 

Nov 02, 2015 11:44 AM #17
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Welcome to ActiveRain Steve McRory .

I am sure some buyers would need this product in this market.

Nov 03, 2015 02:03 PM #18
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Steve McRory

Mortgage Loans
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