Stated Income Loans for Santa Maria CA 800-247-8212
No Tax Returns Needed – No Balloon – No Income Verification – No Upfront Fees. If you write off all of your income and can’t give a bank three years tax returns showing a good profit or don’t want to show your returns, this is the program for your Commercial real estate or 1-4 residential rental investment property. Self employed business owners and investors have always had a tough time qualifying for a bank loan for purchase money or refinancing. We make financing easy.
Stated Loan Highlights:
- Loan Amounts: Minimum $100,000 to $10,000,000
- Max. Loan To Value: 75%
- Min. Interest Rate: as low as 6.49%
- No Balloon Payment
- Term: 30 years fully amortized (adjustable periods)
- Adjustment period: Fixed for 3 years and then adjustable for year 4 though 30
Do You Qualify?
- Do you have a mid FICO score of at least *650?
- Does your commercial or investment residential 1 to 4 rental units have equity?
- Is your building or residential units in a non-rural area?
- Are you a US citizen or have a valid green card and social security number?
*We may possibly finance your commercial real estate and 1 to 4 single family rentals if your credit score is as low as 600 as long as we stay under 50% of the value of the property.
If you’ve answered yes to the above questions you are well on your way. We can help you with the following refinance or purchase the following types of properties. (Sorry – No Rehab or Construction Loans)
- Commercial Offices
- Medical Offices
- Office/Industrial Condos
- Apartment Buildings
- Light Industrial
- Shopping Centers
- Mixed Use Properties
- Storage Centers
- Office Parks
- Strip Malls
- Retail Shops
- Residential 1 to 4 (non-owner occupied only)
- Banquet hall (send interior photos)
- Bed and Breakfast (send interior photos)
- Daycare (send interior photos)
- and more…
It only takes a few short weeks to complete your transaction. Our usual time is 4 weeks for residential 1-4 rental property and 6 weeks for a commercial type property.
How To Get Started Today:
- Loan Application
- 3 Credit Bureau Report with FICO Scores (pull your own credit report from Equifax.com – purchase the 3in1 report with scores)
- For a purchase, provide a signed Purchase Agreement (including all signatures) with at least an 8 week term
As simple as that. You’ll receive a Conditional Loan Approval within a few hours and you’ll be on your way to achieving the loan you want. We’ll be there to answer your questions along the way and provide you with exceptional service.
Need a Short Term Bridge Loan in Santa Maria CA?
Perhaps you need a short term Commercial Bridge Loan instead? If you need financing for a short period of time to reach your objective then we may be able to provide you with a Hard Money Bridge Loan. This loan is for 6 months to 2 years and has a balloon payment but it closes quicker. The qualifications for this loan are different than the Stated Income Loan above. Contact us for further information.