Stated income loans are coming back with a vengeance. If you're looking to finance a commercial or investment property with bad or no financials, stated income loans may be perfect for you! Great for REO's, foreclosures!
For the most part, stated income loans were not available for years. This was a byproduct of the near total collapse of the US economy and almost all types of viable financing. There are multiple types of stated income loans: Stated Income Verified Asset (SIVA): No income verification with...
Stated Income Loans for Multifamily & Commercial Properties •NATIONWIDE– Investor 1-4 Unit, Multifamily, Mixed-Use, Mobile Home Parks, Self-Storage, Industrial Buildings, Multi-Tenant and Owner Occupied Commercial •Rates start from 6.99% ...
The article reports on the increasing delinquency rate of the stated-income loans in the financial services industry in the U.S. Senior vice president on risk management of the American Mortgage Network Marta McCall stresses the factors that affects the increasing rates of delinquency and risk that...
A stated income/stated asset mortgage (SISA) loan application allows the borrower to declare their income without verification by the lender. These loans were designed to ease the application process for buyers with incomes that are difficult to document, such as the self-employed and those who ...
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The author presents his views on the solutions provided by a stated income/asset lending approach for small businesses such as restaurants and auto-repair shops. One advantage, he says, is afforded by alternative lending solutions such as environmental screenings for automotive shops, and extended ...
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At HBS Finance we realize not everyone has perfect credit and we understand life happens. Additionally not everyone can document their income in the narrow definition that government loans allow. HBS Finance allows borrowers with a rougher than usual credit history to qualify for loans with terms ...