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Displaying items by tag: stated income

Your Comprehensive Guide to Stated Income LendersStated Income Lending
The Fastest Investment loans!

Investment property financing is a lucrative tool if you have good credit and know how to leverage the stock market. It does, however, generally require that you have the income to support a loan and if you’re self-employed, that can be a unique barrier to receiving rental property loans.

Stated income lenders are one way you can receive financing for an investment property. They are the best option for people who don’t have a traditional source of income but still want to take advantage of vacation rental property loans.


What Is a Stated Income Lender?

A stated income lender is a financial institution that offers investment property loans to investors who don’t have a traditional income statement, like a paycheck stub, W2, or 1099. This means they review your personal credit and look at alternative sources of income, like your bank statements.

Published in Stated Investor

What to Prepare Before Shop

Stated Income Lenders - Qualify with Potential Rental Income

If you aren’t already aware, Dodd-Frank changed a lot of rules around mortgages when it went into effect in July 2010. The purpose was to stop predatory lending practices that led to sub-prime mortgages fueling toxic mortgage-backed securities. Stated income loans were mentioned alongside mortgage-backed securities. That caused a lot of confusion.

The idea of simply stating your income and being taken at your word was an honor system that wasn’t exactly honored across the board. It’s understandable why these loans weren’t meant for the average consumer. But there’s a reason stated income loans existed in the first place.

Published in Stated Investor

What to Look for in a Property Before You Apply for an Airbnb Loan

What to Know Before Applying for an Airbnb LoanThere’s a lot of talk about how lucrative Airbnb rentals are these days. Before taking the plunge into an Airbnb loan, you’ll need to know what to look for in a property to get the most out of the investment. Many of the Airbnb investments that flop do so because investors miss concerns with the property that are potential red flags.

The Potential for Profit in Airbnb Properties

There are incredible opportunities in Airbnb rental properties. The Airbnb market is projected to bring in profits in excess of $3 billion by the year 2020. The jaw-dropping figure speaks volumes on how lucrative Airbnb can be. More importantly, a share of those profits can be yours when you choose the right properties to rent as an Airbnb.

Published in AirBnB

4 Reasons Experienced Rental Property Investors Love Stated Income Loans

Stated Income Loans for InvestorsInvesting in rental properties can be extremely lucrative, especially when it’s well financed. While securing funding is one of the major challenges in buying rental properties, savvy income property investors have found a great way around these challenges with stated income loans.

One of the savviest applications is to finance multifamily housing investments with stated income apartment loans.

Published in Real Estate Investors

How to Get Fast Triplex Financing with No Tax Returns

Triplex Financing RHFWould you like to grow the size of your rental-property portfolio?

How about growing it by three units with just one mortgage?

If so, one of the easiest ways to do that would be by simply purchasing a triplex.

Before you do, though, you’ll need to secure the triplex financing necessary for that purchase.

What Is a Triplex?

A triplex is essentially the same concept as the more-common duplex, except that there is a third unit. Just like with duplexes, each of these units are independent of one another other than shared walls. Each unit has its own door to the outside, kitchen, bathroom(s), etc.

Published in Real Estate Investors

Duplex Financing - Competitive Duplex Mortgage Rates

Duplex Financing Stated Income Loans with No Tax Returns

What you need to know about duplex financing.

Looking to add to your real estate investment portfolio? Expanding with duplex financing may be what you are looking for.

While there are countless options, it’s worth considering how a duplex could augment your earnings as well as the best way to go about securing Duplex financing.

What Is Considered a Duplex?

As rental property investors, it's important to understand the formal definitions of various property types.

Fortunately, duplexes are a relatively easy property type to nail down. It’s any residential building that entails two separate living units with a shared wall. Keep in mind that this is not the same thing as a twin home, which is also two living units with a shared wall, but the units are owned separately. Duplexes only have one owner.

Published in Stated Investor

Streamlined Financing

Streamlined Financing for Small Apartment Buildings using Stated Income

Small apartment buildings and multifamily properties are currently offering up some of the best returns for investors. What financing options are there for investors seeking to add apartment buildings to their portfolios?

Small Balance Apartments

Smaller balance apartment buildings and multifamily properties are among the top property types for investors right now. After several years of giant funds chasing single family homes and larger commercial property deals in prime locations, smaller multi-unit properties can provide some of the most attractive deals for yields and growth.

In the past it hasn’t always been easy for real estate investors to find financing for small balance apartments. Lenders have preferred to put their capital into larger deals. Our new apartment building loan program changes that lender mentality with some of the most attractive rates offered in today’s market on a National level.

Published in Apartment Lending

New Easy Financing for Rental Home Investors

Rental property investors can now use our "Single Property Loan" to purchase, refinance or cash out individual rental properties one at a time.

Our new rental investor financing lending programs allow rental investors to build their portfolios 1 by 1.

We Are YOUR Lending Partners From Your First Property to Your 100th

Single-Property Acquisition, Refinance, and cash out mortgage Loans for Rental Property Investors – Nationwide with benefits such as:

  • Business Loans From $75,000
  • Range Of Rates 4.375% and up
  • 30 Years Fixed Rate
  • 30 Year Amortization
  • Declining PPP - 3%-2%-1%
  • Up To 75% LTV On Purchase, Refinance, Or Cash Out
  • 1-2% Origination Fee Paid From Loan Proceeds At Close
  • Sensible Lending Decisions Based On Property Cash Flow, Not Your Personal Income
  • 85% DTI – Commercial Term For Cash Flow

 

Fast & Easy Loan Plans for New & Seasoned Investors

Both newly formed investors and truly seasoned rental real estate professionals are now able to use our Single Property loan program. Professional Landlords will appreciate the streamlined application process, the first time property owners, on the flip side, should use our online resources available to assist those looking to make their own mark into rental property investing.

  • Competitive Rates Without The Bank Hassles
  • No Personal Income DTI Calculations, Tax Forms or W-2s Required
  • No Unnecessary Bank Paperwork
  • Common Sense Underwriting
  • Fund Into Your LLC
  • 2-4 Week Closing

Call us today - 1-888-375-7977 - for a free phone consolation or apply now to start the process.

 

Rental Home Financing Investment Loans

Published in Services

What is a Residential Investor Stated Income Loan considered to be in 2022?

  • No Personal Tax Return Income Requirements
  • 2 Year BK Discharge OK (with rebuilt credit)
  • Partner Buyouts - OK
  • No W-2′s

YES…YES…YES!

Rental Home Financing unleashes a totally new lending platform and is now offering a loan program specifically tailored toward rental, income producing properties such as single family (1-4 units), condos, townhomes & multifamily apartments Nationwide. We lend on the verified lease income/cash flow and LTV of the rental properties not the personal income of the sponsor.  We do require re-established credit and a preferred minimum 650 FICO score.  Our stated investor requirements can be flexible as we are aggressively pricing each real estate transactions across the United States.

Obviously, stated income loans can be very useful for the investors and professional real estate operators looking to capitalize on today’s low rates and rising market valuations. Many loan programs such as Fannie Mae (FNMA), Freddie Mac (FMCC), many local and big banks are VERY tight with lending on residential rental income investment property and don’t be surprised if they ask you to sign away your first born too for added security.

With all of the new Dodd Frank regulations, there are many banks that have exited the market and many more investor and property owners who are not able to qualify for a traditional bank loans and have a true need to refinance existing debt or purchase a residential portfolio of real estate properties.

Realize your opportunity to take advantage of a currently fast paced residential rental real estate market, increasing property values, and competitive interest rates.

Rental Home Financing offers commercial stated income mortgage loans in most locations including:

Central StatesNorthern StatesPacific StatesSouthern StatesWestern States
Illinois Connecticut Arizona Alabama Colorado
Indiana Delaware California Arkansas Idaho
Iowa Maine Nevada Florida Kansas
Kentucky Maryland Oregon Georgia Montana
Michigan Massachusett Utah Louisiana Nebraska
Minnesota New Hampshire Washington Mississippi New Mexico
Missouri New Jersey   North Carolina North Dakota
Ohio New York   South Carolina Oklahoma
Wisconsin Pennsylvania   Tennessee South Dakot
  Rhode Island   Virginia Texas
  Vermont   West Virginia Wyoming

Call us today – 1-888-375-7977 and speak with one of our qualified representatives.
or
APPLY ONLINE NOW!

 

Published in Stated Investor