Stated Income Apartment Loans: Multifamily Financing Without W-2s or Tax Returns

Owning an apartment building no longer has to be a dream. True stated apartment loans for investors with no tax returns required are now available through Rental Home Financing. We are a direct money lender for stated income loans built for the professional real estate investor.

Whether you are writing off income on your tax returns or carry a high personal debt-to-income ratio, our stated income programs let you qualify based on the property's performance rather than your personal financials.

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What Is a Stated Income Apartment Loan?

A stated income apartment loan qualifies borrowers on declared income and the building's performance rather than personal tax returns, W-2s, or employment verification. Loan amounts range from $250,000 to $25 million with up to 80% LTV and 30-year amortization. Typical transactions close in 3-4 weeks from application because there's no personal income verification to process.

Stated commercial loans are built for small business owners and professional real estate investors who write off income on tax returns or carry a high personal debt-to-income ratio. Banks calculate both a property's Debt Service Coverage Ratio (DSCR) and your personal Debt-to-Income Ratio (DTI). According to the Mortgage Bankers Association, conventional lenders continue tightening investor lending standards, leaving many qualified borrowers unable to access traditional bank financing. Our streamlined program removes those barriers.

How Do You Qualify for a Commercial Stated Income Loan?

We have absolutely no personal debt-to-income ratio (DTI) review, ever. If you can't provide tax returns or you're showing large write-offs that disqualify you from traditional bank lending, our guidelines work in your favor. A 650 minimum credit score, no mortgage lates in the past 12 months, and no bankruptcies within two years are the primary borrower requirements.

Even with a bankruptcy, short sale, or loan modification over two years ago, you can still qualify for our commercial stated income mortgage. Fannie Mae guidelines cap most investors at 10 financed properties, but our stated program has no such restriction. Learn more about our DSCR No Ratio Loans, which can also be used for vacation rentals.

Loan Highlights

• Up to 80% of value with 30-year amortization
• $250,000 to $25,000,000 loan amounts
• Mid-score of 650 required for non-owner SFR
• No mortgage lates in the past 12 months
• No bankruptcies within two years

What Long-Term and Fully Amortizing Programs Are Available?

We offer 5-year, 7-year, and 10-year hybrid fixed-rate programs, all with 30-year amortization and loan amounts from $250K to $25M. The 7-year hybrid is the most popular option. These programs are available in the top 200 MSAs, indexed to the Wall Street Journal Prime Rate. Investment property rates typically run 0.50-0.75 percentage points above primary-residence rates.

Stated income apartment loans remove the documentation barrier that keeps qualified investors out of multifamily

Who Is Eligible for a Stated Apartment Loan?

U.S. citizens, permanent resident aliens, and legal entities (LLCs, corporations) are eligible. We finance multifamily apartments, mixed-use residential, mobile home parks (Tier I), plus office, retail, industrial, self-storage, and commercial mixed-use (Tier II). The national rental vacancy rate sits at approximately 6.6% per U.S. Census Bureau data, and our programs work for both stabilized and transitioning properties.

In Which States Are Stated Apartment Loans Available?

Our stated apartment loans are available in over 30 states covering the major metropolitan areas. Programs are focused on the top 200 MSAs where multifamily demand is strongest. Rural areas are not currently eligible.

What Is the Stated Apartment Loan Process?

From first conversation to closing, the process takes 3-4 weeks for most transactions. You share your deal details, receive a no-commitment term sheet, formalize with a Letter of Intent, go through streamlined processing and underwriting with no personal DTI review, and close with funding. This is roughly half the 45-60 day timeline for conventional commercial loans.