Stated Income Loans
Stated income loans allow borrowers to simply state their monthly income on a mortgage application instead of verifying the actual amount by furnishing pay stubs or tax returns.
This is intended for self-employed borrowers with complicated tax schedules, but has recently become more widespread, often because borrowers find it that much easier to qualify for a loan by stating their income.
Chase Capital Funding has the of the best Stated Income Loans offerings available in the commercial mortgage marketplace. With this program you don’t have to provide tax returns or bank statements.
It gets better if you have an apartment you’re looking to refinance. Not only does this lender pay for the appraisal, a savings in the area of $1,500 to $2,000, they also pay for the Escrow and Title fees (Refinance Only). The savings on these two fees alone, depending on your loan amount, can easily save you another $1,000 to $2,000 or more!
Feel free to contact us if you may have any questions. You may also call Ralph Hartounian (CEO/Broker) at (818) 321-4947.
Services are available in Los Angeles, Orange County, San Diego, San Francisco, Sacramento, Denver, Minneapolis, Chicago, Boston, New York City, Washington DC and Portland.