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Stated Investor

What is a Residential Investor Stated Income Loan considered to be in 2016?

  • No Personal Tax Return Income Requirements
  • 2 Year BK Discharge OK (with rebuilt credit)
  • Partner Buyouts - OK
  • No W-2′s

YES…YES…YES!

Rental Home Financing unleashes a totally new lending platform and is now offering a loan program specifically tailored toward rental, income producing properties such as single family (1-4 units), condos, townhomes & multifamily apartments Nationwide. We lend on the verified lease income cash flow and LTV of the rental properties not the personal income of the sponsor.  We do require re-established credit and a preferred minimum 630 FICO score.  Our stated investor requirements can be flexible as we are aggressively pricing each real estate transactions across the United States.

Obviously, stated income loans can be very useful for the investors and professional real estate operators looking to capitalize on today’s low rates and rising market valuations. Many loan programs such as Fannie Mae (FNMA),Freddie Mac (FMCC), many local and big banks are VERY tight with lending on residential rental income investment property and don’t be surprised if they ask you to sign away your first born too for added security.

With all of the new Dodd Frank regulations, there are many banks that have exited the market and many more investor and property owners who are not able to qualify for a traditional bank loans and have a true need to refinance existing debt or purchase a residential portfolio of real estate properties.

Realize your opportunity to take advantage of a currently fast paced residential rental real estate market, increasing property values, and competitive interest rates.

Rental Home Financing offers commercial stated income mortgage loans in most locations including:

Central StatesNorthern StatesPacific StatesSouthern StatesWestern States
Illinois Connecticu Arizona Alabama Colorado
Indiana Delaware California Arkansas Idaho
Iowa Maine Nevada Florida Kansas
Kentucky Maryland Oregon Georgia Montana
Michigan Massachusett Utah Louisiana Nebraska
Minnesota New Hampshire Washington Mississippi New Mexico
Missouri New Jersey   North Carolina North Dakota
Ohio New York   South Carolina Oklahoma
Wisconsin Pennsylvania   Tennessee South Dakot
  Rhode Island   Virginia Texas
  Vermont   West Virginia Wyoming

Call us today – 1-888-375-7977 and speak with one of our qualified representatives.

Stated Residential Investor – 1- 4 Family Requirements

Rental Home Financing now provides a stated program for residential rental properties that does not require borrower tax returns to conform to a global underwrite. We like to see a minimum FICO score of 650 and will base the underwriting off of the asset(s). Typical guidelines are as follows:

Financing for 1 to 4 units investment/rental units free standing or attached duplex, triplex and fourplex properties. “blanket mortgage” funding available for multifamily apartment properties.

  • 30-year amortization
  • Property identification (application)
  • Credit report with middle score of 650
  • Maximum LTV of 75%
  • No rehabilitation or construction costs financed.
  • Will finance completed properties as a take-out/permanent mortgage funding.
  • Borrower may use “stated income” - No personal debt to income ratios. No global underwrite.
  • Appraisal done by a National Appraiser Service with average cost in the $400 to $600 range/property.
  • 1 – 3% lender origination points.
  • Property tax and property insurance impounds are required.
  • Three [3] and five [5] year fixed interest rate period followed by adjustable rate at WSJ “prime” plus Margin of four percent (4.00%). 2.00% is the maximum first adjustment, 1.00% periodic (every 6 months). 2.00% max annual adjustment and 6.00% life cap over start rate.
  • Loans are fully assumable to qualified borrower for 1.00% fee. New borrower must conform for program.
  • Free and clear properties receive a five percent (5.00%) reduction of maximum LTV. 65% instead of 70%.
  • Any property listed for sale within the last six months is only eligible rate/term refinance. No Cash out available.
  • Prepayment penalty is 3% for 1-4 unit deals and 5% for commercial. Borrower can pay off 20% of equity in any 12 month rolling period without triggering prepayment penalty. Example: 3 year fixed loan, a borrower can pay off 60% of principal without triggering penalty.
  • Prepayment penalty can be bought down options available.
  • 10% max gift allowance of total loan amount.
  • First time buyers max LTV 60%; First time investor(own their primary residence) max LTV 65%.

BOTTOM LINE - STATED INCOME LOANS = EASY APPROVAL & CLOSING

Rental Home Financing offers commercial stated income mortgage loans in most locations including:

Central StatesNorthern StatesPacific StatesSouthern StatesWestern States
Illinois Connecticut Arizona Alabama Colorado
Indiana Delaware California Arkansas Idaho
Iowa Maine Nevada Florida Kansas
Kentucky Maryland Oregon Georgia Montana
Michigan Massachusett Utah Louisiana Nebraska
Minnesota New Hampshire Washington Mississippi New Mexico
Missouri New Jersey   North Carolina North Dakota
Ohio New York   South Carolina Oklahoma
Wisconsin Pennsylvania   Tennessee South Dakot
  Rhode Island   Virginia Texas
  Vermont   West Virginia Wyoming

Call us today – 1-888-375-7476 and speak with one of our qualified representatives.

Finally, a TRUE Stated Income Loan for Investment Properties.

Finally! - A true stated, absolutely no tax returns required for investor rental home properties in most states in Union. Loan Amounts ranging $100,000 to $2,250,000.

Larger rental portfolio transactions, with similar guidelines and loans raging from $500,000 - $30,000,000+ should review under our residential blanket mortgage program

New for 2014...Now closing the first few rounds of financing with over 1.5 billion under management. We are proud to be providing the first wave by providing a much needed product for investors with sensible underwriting. Rate range between 7 - 10%!

No limitation on the number of properties that can be financed for a single borrower. This is not a hard money loan. Common since underwriting is used  to determine loan amount and rate. 

Call one of our qualified representatives for more details on the ever evolving product. We do offer larger blanket loan amounts for qualified sponsors that have rental portfolios with the ability to service debt at great long term rates. 

Stated Investor Home Mortgage Financing Typical Guidelines:

  • From $100,000 - $2,250,000.
  • 70% Maximum LTV.
  • 25 & 30 Year Amortizations.
  • 3 or 5 Year Fixed Rates.
  • Up to 75% LTV / 80% CLTV .
  • Competitive Rates.
  • No Balloons or Call Options.
  • Cash Out permitted with resonable underwriting
  • Prepayment options
  • Minimum 650 Credit Score

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