Apartment Loan Store has 4 Stated Income Commercial Loan Programs that do not require personal or business tax returns. There is absolutely no statement or verification of personal or business income, no debt to income ratio (DTI) and no W-2 forms or wage statements required. Some of these Commercial Stated Income Mortgages have amazingly low rates.
Our stated income commercial real estate loans are perfect for self-employed investors who due to many legitimate write offs do not show the income required for regulated bank loans.
Stated Income Commercial Loan/ Mortgage Benefits
- No individual or business tax returns and no k-1’s required
- No form 4506-T (Allows lender to verify your income with the IRS)
- No personal or global debt to income ratio
- No pay stubs or W-2 forms
- No employment verification
- No business bank statements
- 640 Minimum Credit Score, No minimum credit score for some
STATED INCOME COMMERCIAL LOAN PROGRAMS
Agency Loan Program 1
This program is for multifamily only and has a minimum loan of $750,000 and requires a minimum credit score of 680. No tax returns collected, no debt to income ratio.
Loans Terms and Requirements
| Minimum Loan $750,000 | 680 Minimum Credit Score |
| 80%, 75% with cash out | Minimum Net Worth Equal to Loan Amount |
| 30 year Amortization | 1.25 Minimum DSCR |
| Non-Recourse available | 35% Commercial Space Allowed |
| 5 – 30 year Fixed Rates/term | Yield Maintenance Prepayment Penalty |
| No Debt to Income Ratio | 9 – 12 months of Post Closing Liquidity Required |
Agency Loan Program 2
For multifamily only, this loan program requires a minimum credit score of 660 and has a minimum loan of $1,000,000. No tax returns collected, no debt to income ratio done.
| Minimum Loan $1,000,000 | Minimum Credit Score 660 |
| Up to 80% Loan to Value | Net Worth equal to loan size |
| 30 year amortization | 9 – 12 months post closing liquidity required |
| 5,7, and 10 year fixed rates | No replacement reserves |
| Converts to an ARM | Non-recourse |
| Interest Only for 1 – 10 years | Tax Returns not required |
| Assumable | Step down prepayment available |
| 90% occupancy for 90 days | DSCR: 1.20 – 1.25 |
Securitized Stated Loan Program
For most commercial loan types – minimum loan is $2,000,000. No tax returns required and no debt to income ratio calculated. Minimum Credit Score is 660.
| Minimum Loan $1,000,000 | 660 Minimum Credit Score |
| Maximum Loan $50,000,000 | DSCR: 1.25 – 1.35 |
| LTV: Up to 75% | Defeasance or Yield Maintenance Prepayment Penalty |
| 5 and 10 year fixed rates & Term | Commercial Space Allowed with Multifamily |
| Non-Recourse | Loan is Assumable |
| 30 Year Amortization Multifamily | Experience not required |
| 25 Year Amortization Commercial | Out of State Borrower OK |
| No Debt to Income/Global Ratio |
Less than 90% occupancy ok |
| Net worth lower than loan amount ok |
Lower post-closing cash requirement |
|
Can do blanket mortgages |
No Income Verification Private Loan Program
| Loan Amounts $500,000 to $5,000,000 | 30 year term |
| LTV up to 75% | 25 – 30 year amortization |
| Multifamily, Mixed Use, Office, Retail, Warehouse, Self-Storage | 3 – 8 year fixed rates |
|
Multiple 1 – 4 unit properties can be financed (minimum of 5 units) |
No debt to income ratio |
| 650 Minimum Credit Score | No tax returns |
| Recourse | Declining prepayment penalty |
7 Best Apartment Building Rehab Loans 2023
Multifamily Mortgage Bankers and Brokers since 1997
Get Your Free Multifamily Loan Quote