News Blog‎ > ‎

Stated Income Home Loans, NO DOCUMENTATION Loans, NO DOC Home Loans - California Only

posted Apr 29, 2013, 7:12 PM by Massey Kouhssari   [ updated Oct 27, 2015, 4:25 PM ]

Stated income loans are Home loans that do not require tax documentations, 4506 or the conventional income verifications. A stated income loan is perfect for self-employed and business owners who declared low income on their tax return. Our stated income BankerBrokers are experienced in the loan industry and known for quick loan approvals and funding.

At this time we only lend in California only... sorry no other states
We only Lend in California

Why Our Clients Apply for Stated Income Loans Instead of Other Loan Programs!

  • Low Credit Score Requirement, only require a credit [FICO] score of 600
  • Down payment is comparable to conventional loan requirements
  • Gift funds are accepted as part of the down payment.  Up to 10% of the down payment can be borrowed from the seller or from a family member.
  • Funded faster than verified loans since stated income loan have different underwriting guidelines and no income verification delays.
  • Interest rates are about 5.5% – 9% APR, making monthly payments affordable.
  • No penalty for refinancing are available
  • Borrow up to $2 million without having to provide tax returns, bank statements, and pay stubs.
  • Approve for non-owner occupied properties.
  • No income verification required! We do not need your income tax returns, your IRS form 4506t, your 12 Bank Statements to ascertain cash flow, your Business License, nor your CPA letter stating anything about borrower’s employment.
We have many loan programs that fall in the category of Stated income loans all requiring different guidelines depending on the loans scenario your BankerBroker will analyze your scenario and recommend which program fits your needs. Here are some of the program highlights:

Stated Income Home Loans: Business Purpose Non Owner Occupied 
  • 70% Cltv 
  • No Income info needed 
  • Can close in corporation, business or Trust name
  • 6 months reserves only
  • can close in 3 weeks 
  • rates from 6.49APR and up

Stated Income Loan Requirement

  • California properties ONLY
  • Have 20-30%+ down payment
  • Have a credit [FICO] score of 600+
  • Minimum loan amount $125,000
  • The purchase or refinance property is non-owner occupied.

For a Stated Income Purchase or Refinance Loan:

  • 12 to 24 months copies of personal bank statements verifying 60 days seasoned down payment
  • Fill out and send in 12 month Deposit Average form
  • Asset Statement (401K, Brokerage Accounts, Mutual Funds, Stocks, etc) if applicable
  • CPA Letter (CPA Sample letter)
  • Click here for cheat cheat on income guide for stated income documentation loans & mortgages
  • Signed loan application or click the apply now - Top right button in menu bar - and complete our secure online application
  • Mortgage Statement or Coupons/rental agreements (if Applicable)
  • HOA Documents
  • Home Owner Insurance provider info & dec. page 
  • Sign: Borrower's  authorization
  • Driver's License and Social Security Card 
  • $25 Credit Card payment for each borrower on the loan payable at  this link:         
  • Borrowers who cannot prove consistent income, or show a lot of income on their tax returns can now qualify for a stated loan and can borrow up to $2 million. Our Stated income loan agent will provide you a solution to qualify for a loan without the hassle of a long underwriting process and the headache and paperwork of income verification. For business owners or self-employed borrowers working with cash, stated income loans lenders make it much easier to qualify for a loan. All it takes is a good down payment to qualify for the home of your dreams.

    Call our mortgage loan agent today for a quick loan approval. We can get your loan closed within 21 days

    Call 877-410-6663