Stated Income Loan Programs Are Back For Businesses & Investors!

Tax Returns Are NOT Required

Are you unable to get a loan because your tax returns do not show enough income to qualify? We have a stated income financing program that does not rely on your tax returns for approval. In fact, we will never even ask to see them! We will base our decision for commercial income properties on bank statements, a rent roll, and leases. For owner-occupied business properties, we will base our decision on bank statements and a Profit & Loss Statement!

Banks require your tax returns to show enough income to service debt. A lot of business owners and investors write off a considerably high amount of their income due to the fact that they can. Unfortunately, this does not help their chances of getting a bank loan because it appears that there is not sufficient income to service a loan so they are turned down. This is a shame because there are a lot of investors and business owners who actually do have sufficient income. They just don’t show it on a tax return because they will have to pay more in income tax.

It becomes a trade-off. Do you show more income and pay more taxes so you can obtain a loan, or do you show less income and pay less in taxes with the end result being that you will not qualify for a loan? It is a tough choice, especially when one of the reasons people invest or own a business is to pay less in income tax. Well, we have solutions for this age-old problem.

Stated Income Financing Details

  • Tax Returns are NOT required!
  • Loan amounts $150K - $2 million
  • Rates from 6.5% - 9%
  • Purchase, cash-out, or refinance
  • Amortization: 30 years
  • Minimum credit score: 650 (mid score)

Here's Just a Few Benefits of Stated Income Financing

  • Up to 80% LTV on multifamily properties and this includes cash-out transactions
  • Recently stabilized - we only need 75% occupancy for the preceding 90 days at a 1.2 DSCR
  • No seasoning on title and the ability to use appraised value vs cost basis
  • Low liquidity - We only need 3-6 months of P&I in reserves

Why Choose Aggressive Lending for Stated Income Financing?

Short Application Process for Stated Income Financing

Short Application

Fill out our short online application or call 800-975-1691 today!

Fast Approvals for Stated Income Financing

FAST Approvals

Once we receive the necessary documents, we'll usually have an answer within 24-48 hours.

Many Property Types

Many Property Types

Financing for multi-family, commercial, mixed-use industrial, retail and more!

What Property Types Qualify for The Stated Income Program?

  • Invesment
  • Owner-occupied business
  • Multi-family
  • Mixed-use
  • Office
  • Retail
  • Industrial
  • Self-storage
  • Warehouse
  • Automotive
  • Mobile home parks
  • Daycare centers
  • Restaurants
  • Bars

Here's What Some Satisfied Clients Have to Say

How Do You Borrow $462,000 On A Property With an Income of Only $2,992?

Stated Income Investment Property case study

Our client wanted to expand her real estate portfolio. She currently owns a 9 unit multi-family property and wanted to use it as collateral to get as much cash-out as possible.

Her corporate tax returns showed a taxable income of less than $3,000. Therefore, she was rejected by serveral banks because they based her cash-flow on these tax returns and considered her unqualified by their standards.

We worked with a stated income lender that did not require tax returns. Instead, we were able to use P&L statements and business bank statements to prove her property's cash-flow. Since the property had cash-flow, the lender did not need to look at her other holdings.

She was approved for $462K to use to for new property purchases so she can create a little real estate empire for herself. With the added income, she was able to quit her job to manage her properties and focus on being a full-time parent. She is doing well and is excited for her future!

Here are the loan details:

  • $462,000 loan amount
  • 30-year amortization
  • 5-year fixed rate
  • 37 day turnaround

The Auto Mechanic Said 12 Years is Enough!

Stated income Auto Mechanic case study

Our client did not want to pay rent any longer on the building his auto repair shop had been doing business in for the last 12 years! Besides, the area is very HOT and he wanted to secure the property before the landlord sold it out from under him to a developer.

There were two reasons why they were getting turned down by every bank that they presented the deal to:

  1. The tax returns from the business did not show the true cash-flow due to the fact that all the income was not reported and there were just too many expenses taken. This is what we bankers like to call an insufficient debt service coverage ratio.
  2. When you deal with a bank they will always analyze what we call "Global income", which is the income and debt from not only your business, but also your personal income and debt. Their global income was too low in comparison to their debt, mainly because they took a nominal salary and, could not show that they could pay their bills sufficiently on just this salary.

We needed a lender who would not look at their tax returns like a bank would to determine the true cash-flow. Also, we needed a lender who would not hamper the deal due to insufficient "Global Income". This is a killer of a lot of deals.

We were able to get this closed on a bank statement program where they analyze the last 12 months of business bank statements and did not look at their personal income at all; just the business bank statements and credit report!

We got the deal closed with a 30-year mortgage with 25% down from the borrower. He also now pays $500 per month less than what he was leasing for! That is a great feeling! He is now in control of his own destiny by controlling his building, which is the most important asset his business has!

Here are the loan details:

  • Up to 80% LTV on multifamily properties, this includes cash-out transactions
  • 75% occupancy for the preceding 90 days at a 1.2 DSCR
  • No seasoning on title and the ability to use appraised value vs cost basis
  • Low liquidity - Only 3-6 months of P&I in reserves required