Stated Income Commercial Real Estate

Perhaps You Can Use a Stated Income Real Estate Loan

Have you tried to get a commercial property loan but to no avail? Is the reason because of your credit history? Perhaps you’d fare better with a stated income commercial real estate loan. By working with us at Opportunity Capital Funding, you may be able to obtain a stated income loan for purposes such as outright purchasing of property as well as debt consolidation, property improvements, refinancing optionality, or building business capital.

How Stated Income Loans Differ form More Traditional Loan Types

In order to qualify for a traditional real estate loan, it is generally necessary to have a currently good or better credit rating. By contrast, a stated income property loan focuses more on the value of the real estate, not the borrower’s credit history in the first instance.

In a stated income real estate loan, the value of the property being finances must be able to cover the sum of the mortgage, taxes, and insurance included in the loan. Moreover, these types of loans tend to be approved quickly, in part because only a small amount of documentation is required.

Stated Income Loans: The Main Points

Consider the following aspects of stated income loans. Perhaps they would be ideal for your situation.

  • Available for practically any property type
  • Fixed-rate loans with 25-year amortization
  • A credit score of 600 or better to qualify
  • Self-employment or W-2 documentation need
  • Loan values up to $500,000
  • Up to 75% loan-to-value (LTV) ratio for mixed-use and multi-family properties with 5-plus units
  • Up to 70% LTV for 1- to 4-unit investment real estate (owner does not occupy)
  • Up to 65% LTV for properties such as warehouses, retail outlets, self-storage facilities, vehicle service centers, and offices

Get Started Today

If you need more information about stated income loans or are ready to obtain one, we are here to help. Your loan could be available with a few weeks.