Stated Income Commercial Loans

Stated Income Commercial Loans

Stated Income Commercial Loans

Stated income commercial loans have for years been a decent option for people who don’t have enough income on their tax returns to qualify for bank loans. Stated income loans allow the borrower to ‘state’ the amount of income that they and their businesses make.

Depending on the amount that the borrower ‘states’, the lender calculates the amount that they can lend. Also, the lender calculates the interest that the borrower needs to pay.

Lenders vary: some will not require much documentation while others will require a good number of documents. For example, some of the lenders will require rent rolls, leases, personal financial statements, year to date financials among many other documents.

Although, some of the lenders will require documents, none of them will ask you for tax return forms.

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  • ProgramDetails

  • Max Loan Amount allowedMax Loan Amount
  • Max Loan To Value to qualifyMax Loan to Value
  • Required FICO Score to qualifyMinimum Credit Score
  • Property Types that are allowedProperty Types
  • Type of occupancy include Non Owner Occupied (NOO), Owner Occupied (OO), Second Home (SH)Occupancy
  • Term of repayment for the loanTerms
  • Min DSCR
  • Commercial Stated Income

  • Higher LTV available if DSCR allows75%
  • 50,000,000
  • 650
  • All Commercial Properties
  • Owner Occupied and Non Owner OccupiedOO & NOO
  • 25 YR Amortized Due in 10 YR
  • 1.1 minimum ration allowed at 50% LTV or less (Case by Case)1.2

More about Commercial Stated Loans

Who Should Go For Stated Income Commercial Loans

In addition to people with inadequate income on their tax returns, stated income commercial loans, are also ideal for businesses with a cash component. Such businesses include: car repair shops and restaurants. Many car repair shops are small businesses. Also, the repair shops deal with body-repair and painting tasks that pollute the environment. Most traditional lenders shy away from funding car repair businesses. This is because lenders view them as high risk (due to their small nature) and problematic (due to their negative impact on the environment). In rare cases, banks finance car repair shops only after filling expensive and time consuming environmental reports. In contrast to traditional lenders, stated income loan lenders will lend loans to car repair shops, and with minimal restrictions. The borrower fills an environmental questionnaire, the lenders review the questionnaire and if it pleases them, the borrower is awarded the loan. Other than car repair shops, traditional lenders are also less likely to offer loans to restaurants. This is because lenders site that restaurants have high failure rates thus high risk to finance. In rare cases, banks finance restaurants: but they give short term loans (with repayment periods of three to five years). In contrast, most stated income loan lenders will lender restaurants longer repayment loans (usually lasting up to15-30 years).

Advantages Of Stated Income Commercial Loans

Slated income loans have amortization schedules of up to 30 years, compared to the typical bank loans that have five years schedule. As a borrower, slated income gives you a longer repayment period. This ensures that you have enough money with you (the money is not spent on repaying the loan). Due to this, you can easily expand your business. Stated income commercial loans don’t require you to report after the loan closes. Most banks will require that you present them with monthly or quarterly statements on how your business is doing. If banks see a negative trend in your business, most likely they will change the terms of the deal. Fortunately, this does not happen with stated income loans.

Commercial RE Stated Income Conclusion

As much as stated income commercial loans are effective in helping you get financing where banks would repudiate, always research and settle for a lender offering the highest loan amount at least interest rate.

Call us at 877-976-5669 to get the best possible rate for your Stated Income Commercial transaction. Stated Income Commercial rates are at an historic all time low and you will be missing out if you do not take advantage now.

 Contact Us

Learn more about Stated Income Commercial by visiting our glossary of financial terms and definitions. Contact us with any questions you may have in regards to commercial loan financing and commercial loans in general.

Lending Territories

Custom Mortgage Stated Income Commercial Loans are available in the following territories and cities:

Alabama

  • Birmingham, AL
  • Anniston, AL
  • Tuscaloosa, AL
  • Dothan, AL
  • Huntsville, AL
  • Decatur, AL
  • Florence, AL
  • Mobile, AL
  • Montgomery, AL
  • Montgomery County, AL
  • Selma, AL
  • Tuscaloosa, AL
  • Jefferson County, AL

Alaska

  • Anchorage, AK
  • Fairbanks, AK
  • Juneau, AK
  • Badger, AK
  • Knik-Fairview, AK
  • College, AK
  • Sitka, AK
  • Kenai, AK

Arizona

  • Phoenix, AZ
  • Scottsdale
  • Tempe, AZ
  • Paradise Valley, AZ
  • Glendale, AZ
  • Chandler, AZ
  • Sierra Vista
  • Tucson, AZ
  • Yuma, AZ

Arkansas

  • Fort Smith, AR
  • Fayetteville
  • Springdale
  • Rogers, AR
  • Jonesboro
  • Little Rock, AR
  • Pine Bluff, AR
  • El Dorado, AR

California

  • Antelope Valley, CA
  • Lancaster, CA
  • Palmdale, CA
  • Bakersfield, CA
  • Chico-Redding, CA
  • Coachella Valley, CA
  • Palms Springs, CA
  • Thousand Palms, CA
  • Culver City, CA
  • Davis, CA
  • East Bay, CA
  • Alameda County, CA
  • Oakland, CA
  • East Bay, CA
  • Contra Costa County, CA
  • Concord, CA
  • Walnut Creek, CA
  • Eureka, CA
  • Fairfield, CA
  • Fresno, CA
  • Long Beach, CA
  • Visalia, CA
  • Inland Empire, CA
  • Los Angeles, CA
  • Long Beach, CA
  • Marin, CA
  • San Rafael, CA
  • Merced, CA
  • Modesto, CA
  • Monterey, CA
  • Salinas, CA
  • Napa, CA
  • Oakland, CA
  • Orange County, CA
  • Santa Ana, CA
  • Palm Springs, CA
  • Riverside County, CA
  • Sacramento, CA
  • San Bernardino County, CA
  • San Diego, CA
  • San Francisco, CA
  • San Joaquin County, CA
  • Stockton, CA
  • San Mateo County, CA
  • Redwood City, CA
  • Santa Barbara, CA
  • Santa Maria, CA
  • San Luis Obispo, CA
  • Santa Clara Valley, CA
  • San Jose, CA
  • Silicon Valley, CA
  • Santa Cruz, CA
  • Santa Monica, CA
  • Sonoma County, CA
  • Santa Rosa, CA
  • Stockton, CA
  • Vallejo, CA
  • Ventura County, CA
  • Oxnard, CA
  • El Centro, CA

Colorado

  • Colorado Springs, CO
  • Pueblo, CO
  • Denver, CO
  • Eagle County, CO
  • Vail, CO
  • Fort Collins, CO
  • Grand Junction, CO
  • Montrose, CO
  • Roaring Fork Valley, CO
  • Aspen, CO
  • Summity County, CO
  • Winter Park, CO
  • Grand County, CO

Connecticut

  • Bridgeport, CT
  • Hartford, CT
  • New Haven, CT
  • Wallingford, CT
  • Norwalk, CT
  • Norwich, CT
  • Stamford, CT
  • Waterbury, CT
  • Central Naugatuck Valley, CT
  • New Britain, CT
  • Bristol, CT
  • Meriden, CT

Delaware

  • New Castle County, DE
  • Wilmington, DE
  • Kent County, DE
  • Dover, DE
  • Sussex County, DE

Idaho

  • Boise, ID
  • Idaho Falls
  • Pocatello, ID
  • Twin Falls, ID
  • Meridian, ID

Florida

  • Daytona Beach, FL
  • Fort Lauderdale, FL
  • Fort Myers, FL
  • Naples, FL
  • Gainesville, FL
  • Jacksonville, FL
  • Lakeland, FL
  • Manatee black porn County, FL
  • Brandenton, FL
  • Melbourne, FL
  • Miami, FL
  • Miami Beach, FL
  • Pensacola, FL
  • Fort Walton Beach, FL
  • Orlando, FL
  • Palm Beach, FL
  • Panama City, FL
  • Sarasota, FL
  • Tallahassee, FL
  • Tampa,FL
  • Saint Petersburg, FL
  • Clearwater, FL
  • West Palm Beach, FL
  • Fort Pierce, FL

Georgia

  • Albany, GA
  • Athens, GA
  • Atlanta, GA
  • Augusta, GA
  • Columbus, GA
  • Macon, GA
  • Savannah, GA
  • Thomasville, GA

Hawaii

  • Honolulu, HI
  • Hilo, HI
  • Kahului, HI
  • Lihu’e, HI
  • Maui, HI
  • O'ahu, HI
  • Kaua'i, HI
  • Hawai'i, HI

Illinois

  • Champaign, IL
  • Springfield, IL
  • Decatur, IL
  • Chicago, IL
  • Moline, IL
  • Macomb, IL
  • Madison, IL
  • Harrisburg, IL
  • Peoria, IL
  • Bloomington, IL
  • Quincy, IL
  • Rock Island County, IL
  • Rockford, IL
  • Springfield, IL

Montana

  • Billings, MT
  • Butte, MT
  • Bozeman, MT
  • Glendive, MT
  • Great Falls, MT
  • Helena, MT
  • Missoula, MT

Nebraska

  • Omaha, NE
  • Lincoln, NE
  • Scottsbluff, NE
  • Bellevue, NE
  • Hastings, NE
  • Kearney, NE
  • North Platte, NE

Nevada

  • Las Vegas, NV
  • Reno, NV
  • Stateline, NV
  • Lake Tahoe, NV

New Hampshire

  • Concord, NH
  • Manchester, NH
  • Nashua, NH
  • Portsmouth, NH

New Jersey

  • Newark, NJ
  • Atlantic City, NJ
  • Cape May, NJ
  • Sussex, NJ

New Mexico

  • Albuquerque, NM
  • Las Cruces, NM
  • Rio Rancho, NM
  • Santa Fe, NM

New York

  • Albany, NY
  • Binghamton, NY
  • Buffalo, NY
  • Niagara Falls, NY
  • Elmira, NY
  • Ithaca, NY
  • Long Island, NY
  • Nassau County, NY
  • Suffolk County, NY
  • New York City, NY
  • Bronx, NY
  • Brooklyn, NY
  • Manhattan, NY
  • Plattsburgh, NY
  • Queens, NY
  • Staten Island, NY
  • Rochester, NY
  • Schenectady, NY
  • Troy, NY
  • New Rochelle, NY
  • Syracuse, NY
  • Rome, NY
  • Utica, NY
  • Watertown, NY
  • Westchester County, NY
  • White Plains, NY
  • Yonkers, NY
  • Long Beach, NY
  • Albany mobile porn County, NY

North Carolina

  • Chapel Hill, NC
  • Charlotte, NC
  • Greensboro, NC
  • High Point, NC
  • Greenville, NC
  • New Bern, NC
  • Washington, NC
  • Raleigh, NC
  • Durham, NC
  • Fayetteville, NC
  • Wilmington, NC
  • Winston Salem, NC

North Dakota

  • Fargo, ND
  • Bismarck, ND
  • Grand Forks, ND
  • West Fargo, ND
  • Jamestown, ND
  • Moore Head, ND
  • Valley City, ND
  • Minot, ND
  • Dickinson, ND
  • Williston, ND
  • Cass County, ND
  • Burleigh County, ND

Ohio

  • Akron, OH
  • Cincinnati, OH
  • Cleveland, OH
  • Canton, OH
  • Columbus, OH
  • Dayton, OH
  • Parma, OH
  • Toledo, OH
  • Steubenville, OH
  • Youngstown, OH
  • Lorain, OH

Oklahoma

  • Oklahoma City, OK
  • Ada, OK
  • Broken Arrow, OK
  • Tulsa, OK
  • Lawton, OK
  • Edmond, OK
  • Moore, OK
  • Midwest City, OK
  • Oklahoma County, OK
  • Tulsa County, OK
  • Cleveland County, OK

Oregon

  • Bend, OR
  • Beaverton, OR
  • Eugene, OR
  • Medford, OR
  • Klamath Falls, OR
  • Portland, OR
  • Salem, OR
  • Springfield, OR
  • Gresham, OR
  • Hillsboro, OR
  • Corvallis, OR
  • Multnomah County, OR
  • Lane County, OR
  • Washington County, OR
  • Albany, OR
  • Tigard, OR
  • Oregon City, OR
  • Keizer, OR

Pennsylvania

  • Allentown, PA
  • Erie, PA
  • Harrisburg, PA
  • Johnstown, PA
  • Altoona, PA
  • Lancaster, PA
  • Lebanon, PA
  • Monroe County, PA
  • Philadelphia, PA
  • Pittsburgh, PA
  • Reading, PA
  • State College, PA
  • Westmoreland County, PA
  • Greensburg, PA
  • Wilkes Barre, PA
  • Scranton, PA
  • Williamsport, PA
  • York, PA

Puerto Rico

  • San Juan, PR
  • Bayamon, PR
  • Carolina, PR
  • Ponce, PR

Rhode Island

  • Providence, RI
  • Warwick, RI
  • Cranston, RI
  • Pawtucket, RI

Puerto Rico

  • San Juan, PR
  • Bayamon, PR
  • Carolina, PR
  • Ponce, PR

Rhode Island

  • Providence, RI
  • Warwick, RI
  • Cranston, RI
  • Pawtucket, RI

South Carolina

  • Charleston, SC
  • Columbia, SC
  • Greenville, SC
  • Spartanburg, SC
  • North Charleston, SC
  • Mount Pleasant, SC
  • Myrtle Beach, SC
  • Rock Hill, SC
  • Florence, SC

South Dakota

  • Rapid City, SD
  • Sioux Falls, SD
  • Mitchell, SD
  • Brookings County, SD
  • Aberdeen, SD
  • Brookings, SD
  • Minnehah County, SD
  • Pennington County, SD
  • Brown County, SD

Texas

  • Abilene, TX
  • Sweetwater, TX
  • Amarillo, TX
  • Austin, TX
  • Beaumont, TX
  • Port Arthur, TX
  • Brownsville, TX
  • McAllen, TX
  • College, TX
  • Station, TX
  • Arlington, TX
  • Irving, TX
  • Corpus Christi, TX
  • Dallas, TX
  • El Paso, TX
  • Fort Worth, TX
  • Harlingen, TX
  • Weslaco, TX
  • Houston, TX
  • Laredo, TX
  • Lubbock, TX
  • Odessa, TX
  • Midland, TX
  • Garland, TX
  • San Angelo, cartoon porn TX
  • San Antonio, TX
  • Tyler, TX
  • Long View, TX
  • Lufkin, TX
  • Nacogdoches, TX
  • Victoria, TX
  • Waco, TX
  • Temple, TX
  • Bryan, TX
  • Plano, TX
  • Grand Prairie, TX

Tennessee

  • Chattanooga, TN
  • Jackson, TN
  • Knoxville, TN
  • Memphis, TN
  • Nashville, TN
  • Tri-Cities, TN

Utah

  • Logan, UT
  • Park City, UT
  • Salt Lake City, UT
  • West Valley City, UT
  • Provo, UT
  • Ogden, UT

Virginia

  • Alexandria, VA
  • Blacksburg, VA
  • Charlottesville, VA
  • Chesapeake, VA
  • Hampton, VA
  • Norfolk, VA
  • Virginia Beach, VA
  • Harrisonburg, VA
  • Norfolk, VA
  • Portsmouth, VA
  • Newport News, VA
  • Richmond, VA
  • Petersburg, VA
  • Roanoke, VA
  • Lynchburg, VA
  • Williamsburg, VA
  • Suffolk, VA

Washington

  • Bellingham, WA
  • Bremerton, WA
  • Everett, WA
  • Grays Harbor, WA
  • Olympia, WA
  • Seattle, WA
  • Snohomish County, WA
  • Spokane, WA
  • Tacoma, WA
  • Vancouver, WA
  • Wenatchee, WA
  • Chelan, WA
  • Douglas Counties, WA
  • Yakima, WA
  • Pasco, WA
  • Richland, WA
  • Kennewick, WA

West Virginia

  • Bluefield, WV
  • Beckley, WV
  • Oak Hill, WV
  • Wheeling, WV
  • Charleston, WV
  • Clarksburg, WV
  • Weston, WV
  • Huntington, WV
  • Parkersburg, WV
  • Morgantown, WV
  • Fairmont, WV
  • Wheeling, WV
  • Weirton, WV
  • Martinsburg, WV
  • Teays Valley, WV

Wisconsin

  • Superior, WI
  • Eau Claire, WI
  • Green Bay, WI
  • Appleton, WI
  • Janesville, WI
  • Kenosha, WI
  • La Crosse, WI
  • Eau Claire, WI
  • Madison, WI
  • Milwaukee, WI
  • Racine, WI
  • Sheboygan, WI
  • Waukesha, WI
  • Wausau, WI
  • Rhinelander, WI

Vermont

  • Burlington, VT
  • Rutland, VT
  • Barre, VT

Wyoming

  • Casper, WY
  • Cheyenne, WY
  • Laramie, WY

Washington, DC

  • Washington, DC
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