STATED INCOME loans for both 1-4 Unit Residential Investment and Commercial Properties
LOW RATE EVEN WITH ABSOLUTELY :
NO INCOME VERIFIED
NO ASSETS VERIFIED (for purchase will verify down payment, and for 1st time homebuyer possible 2-3 months reserves)
NO TAX RETURNS
NO CPA LETTER
NO W2s
NO PAY STUBS
NO YTD PROFIT & LOSS
NO 12-24 MONTHS BUSINESS BANK STATEMENTS
NO BALLOON PAYMENT
NO MAXIMUM NUMBER OF PROPERTIES OWNED
NO EMPLOYMENT VERIFICATION
MINIMUM 650 MID FICO
OK for SFRs, 2-4 UNITS, CONDOS, PUDs, MIXED USE, 5+ UNITS, COMMERCIAL
OK FOR SALARIED/W2’D BORROWER
REBATE PRICING
We also do BRIDGE LOANS.
http://www.velocitycommercial.com/movie.php
This is meant to compete against hard money type deals that you may come across, or even to resurrect dead deals due non-qualifying ratios. Max LTV is 70% (some restrictions apply). Max $1 million on Residential and $2 million for Commercial (exceptions on case by case). You don’t need a NMLS license to submit and get paid on this loan. Please let me know if I may be of service. Thank you.
Steve X. Dao,
Wholesale Commercial Loan Officer
Velocity Commercial Capital
DRE Broker#01327633 NMLS#869952
30699 Russell Ranch Rd, Suite 295
Westlake Village, CA 91362
PH 866.505.3863 ext. 346
PH 818.338.9546 – direct #
FAX 818.338.9746
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