Our STATED loan program is ideal for investors or owner occupied properties where there is a lack of income support in the client's tax returns or if the client is credit challenged .  STATED loans generally close faster than full documentation loans.  In many cases, banks have no interest in financing these properties - even with good credit.

• Simple loan documents

• No loan committees

• Common sense underwriting

• Quick Closings – 30-45 days!

STATED GUIDELINES

AMOUNTS	$75,000 - $3,000,000
LOAN PURPOSE	Purchase / Refinance / Cash Out
Class 1  (DSCR 1.2)	Mulit Family / Mixed Use
Class 2  (DSCR 1.25)	Office, Retail, Warehouse, Self Storage,Automovive
Loan To Value	Class 1 up to 75% / Class 2 up to 70%
Fixed Period	3 and 5 Years
Minimum FICO	620
Rates	Start at 6.99%
Loan Term	3 Year Fixed  / 30 Year Amorization
Prepay	Same as Fixed Period