How You Can Qualify for a Stated Income Loan

The stated income commercial real estate loan is designed to resolve any worries about being approved, because this special kind of financing is extremely accessible. Learn what makes stated income loans so appealing and how TrueLink Capital Solutions can help you be approved. Our stated income loans feature:

  • Financing up to $500,000
  • Up to 75 percent LTV for mixed use and multifamily properties of five or more units
  • Up to 70 percent LTV for non-owner-occupied properties with one to four units
  • Up to 65 percent LTV for auto service, office, retail, self-storage, and warehouse properties
  • 25-year amortization
  • Fixed rates
  • No pre-payment penalties
  • Funds arrive quickly
  • To qualify, you must have a credit score of at least 600
  • During the application process, we require that you submit W-2 or self-employment verification

What Makes Stated Income Loans Different

Stated income loans prioritize the property in question and its overall profitability over the borrower’s credit ratings. To the qualification requirements, the value of the property must cover insurance, taxes, and the mortgage. Since stated income loans do not require much documentation for approval, financing can be processed quickly and efficiently. Stated income loans can be used for nearly any type of property, provided it falls within the qualification guidelines.

Using Your Loan

Because stated income loans easy to access, they open up new possibilities and opportunities to commercial real estate investors which were previously impossible through traditional lending channels. Because there are no restrictions on use, stated income loans allow you to determine how best to use the funds provided for your operations. Stated income loans are typically used for:

  • Property acquisitions
  • Building up working capital
  • Consolidating debt
  • Refinancing

If you think your business could benefit from a stated income loan, feel free to give TrueLink Capital Solutions a call today. We would be happy to answer all your questions.