Commercial Mortgage Stated Income
This Commercial Mortgage Loan Program Does Not Require Tax Returns or W-2’s
Credit Score: 660 Middle Credit Score
Loan Purpose:
* Purchase
* Refinance
* Cash Out Refinance. Cash out can be used for any reason and is capped at 70% LTV
Loan Amount:
* $250,000 minimum
* Super Jumbo to $5,000,000 Maximum
Loan to Value:
* 85% LTV Purchase Maximum
* 80% LTV Cash Out Refinance Maximum
Eligible Property Types:
* Multi-Unit >5 Units
* Mixed Use
* Automotive Services
* Office Space
* Self-Storage
* Retail Store
* Mobile Home Parks
* Warehouse
Available Terms:
* 3-Year ARM
* 5-year ARM
* 30-Year Fixed
* 40-Year Fixed
* 30-Year Fixed Interest Only
* 40-Year Fixed Interest Only
* No balloon note rolls into 6-month Libor ARM
Available in the Following States:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Kansas, Kentucky, Louisiana, Maine, Maryland, Michigan, Nevada, New Mexico, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.
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