Stated Income Lenders for 2019 - Wow! How time fly's!

The more things change, the more they stay the same.

Let's move back in time just a few decades. In the 1990's and into early 2000's sated income was a very common tool used for investors and mortgage professionals in most areas of the USA and used for borrowers that didn't conform to traditional FNMA or FMCC (AKA Government back loans). Then came the mortgage meltdown, the "Great Recession" and virtually shut down anything that was even remotely related to Stated Income, No Income, No asset, or Asset Based lending for many years.

Only a few years ago stated income lenders we once again, being adored by Wall Street and fueled by the private sector of great American mortgage companies that know how to underwrite and monetize risk, coupled by the help of our own private money fund, we are now given the ability to offer our own product that has now become a leader in financing Vacation Rental Property Loans in most areas across the country!

There are only a few ways to finance an Airbnb loan today.  Regardless if using stated income or traditional bank financing.  With that said, we specialize vacation rental or short term rental properties. 

Experienced rental property investors, will eventually be forced to use a stated income lender in order to expand ones rental portfolio. 

One of the most attractive features of our loans are the things we dont ask for or require:

• NO Tax Returns Required
• NO 4506's
• NO Personal Debt to Income Ratios (DTI)
• NO Property DSCR calculation ability
• NO Limits to the amount of properties owned
• NO Hassle underwriting
• NO Application Fees

With the ability of raising our own capital and making our own decisions, we have in-house underwriting that gives us an advantage to the rest of the market and passing our efficiencies to you, the investor. In real estate transactions, when time is such a important factor, we like to think, we give you a tremendous advantage.

The main reason for this shorter processing time is because, unlike with traditional mortgages, the lender doesn’t care about your financial history. If you plan on using the home as a rental property and the rent you can expect to collect will make it easy to pay back the loan, you’ll basically be approved.

We can finance your first property all the way to your 100th.  Most of our investor clients have at least 10 rentals and have reached limits with traditional banks.  We have many customers that are not able to prove personal income.  Occasionally, we come across borrowers that have credit issues in recent days.  Most credit profiles can be approved at one level or another.  We make common since decisions!

One of the great advantages with working with us, we don't place any limits to the amount of properties you own, Debt to Income (DTI) ratios, Debt to Income Ratios (DSCR), No limits to the amount of properties finance.

Call us today to have a free discussion on how we can be your lending partner!

As a Direct Mortgage Lender, we specialize in working with experienced investors or first time property owners who want to grow their rental portfolios.

If you’ve had trouble with traditional bank-type mortgage lenders in the past, you have located the right lender for you! Please spend a few minutes to complete our loan application or call us now to discuss how we can help and you can begin improving your portfolio.