Stated Income / Verified Assets
Stated Income / Verified Asset $75,000 - $3,000,000
- 3,5,7,10 year and Full Term Fixed Rate - Fully Amortized
- Prime Plus Quarterly Adjustable - Fully Amortized (available on small balance)
- Amortization Period 15, 20, 25, 30 years
- 600+ Mid Fico, 650+ Larger Loans
- 75% Max LTV
- Cash Out
Our Stated Income Program is not only for low credit borrowers (all scores must be above 600 credit) with a max LTV of 75% but is also a Special Purpose program that can accommodate borrowers with tax liens & judgments.
In some areas we will close on a verbal from our appraiser and can close in as little as 14 days.
Property types include: Mixed-Use, Multi-Family, Office, Retail, Warehouse, Lt. Industrial, Self-Storage, Automotive, Restaurant/Bar, and more.
Note: We will also consider 2 - 4 unit properties that are owned in the name of a business entity (i.e. Corp., LLC, etc.).
Needed For Submission
- Submission Form
- A Complete 1003
- Current Trimerge Credit Report (within 30 days)
- Color Pictures of Subject Property
- Rent Roll and Operating Statement (investment properties only)