Owning an apartment building no longer has to be a dream. True stated apartment loans for investors with no tax returns required are now available through Rental Home Financing. We are a direct money lender for stated income loans built for the professional real estate investor.
Whether you are writing off income on your tax returns or carry a high personal debt-to-income ratio, our stated income programs let you qualify based on the property's performance rather than your personal financials.
What Is a Stated Income Apartment Loan?
Stated commercial loans can be extremely useful for the small business owner or professional real estate investor. Some lending institutions, credit unions, and banks are very tight with gaining approval. Those of you that are writing off income on the tax returns or have a high personal debt-to-income ratio know how difficult it can be to qualify through traditional channels.
Banks will not only calculate a property's Debt Service Coverage Ratio (DSCR) but your personal Debt-to-Income Ratio (DTI) as well. Hundreds of thousands of people don't quite qualify for traditional bank financing under current regulations. Take advantage of our streamlined commercial and multifamily stated financing, with typical completed transactions taking just 3 to 4 weeks from application to closing.
No Tax Returns
We don't require tax returns. No W-2s and no 4506 verification needed to qualify.
Up to 30-Year Terms
Fully amortized loan terms up to 30 years for lower monthly payments and stronger cash flow.
Easy Qualification
Streamlined closing process with no personal DTI review, ever. Focus on the deal, not your tax situation.
Commercial Stated Income Loans — Easy Qualifying
We are a true commercial stated income lender. This is the perfect loan type if you are unable to provide tax returns or are showing large write-offs that disqualify you from traditional bank lending. Our guidelines don't care what your tax returns show.
We have absolutely no debt-to-income ratio (DTI) review, ever. Even with a bankruptcy, short sale, or loan modification over two years ago, you can still qualify for our commercial stated income mortgage. Be sure to learn more about our DSCR No Ratio Loans, which can even be used for vacation rentals.
Loan Highlights
- Up to 75% of value with 30-year amortization
- $100,000 to $30,000,000 loan amounts
- Mid-score of 650 required for non-owner SFR
- No mortgage lates in the past 12 months
- No bankruptcies within two years
Long-Term and Fully Amortizing Programs
Our stated apartment loans are available in the top 200 MSAs, indexed to the Wall Street Journal Prime Rate. Choose from multiple fixed-rate hybrid options designed to fit your investment strategy. Commercial loans are not available in all areas of the U.S.
5-Year Fixed
Hybrid Program
- $250K – $1M loan amount
- 30-year amortization
- 5% prepay for first 5 years
- No tax returns required
7-Year Hybrid
Most Popular Program
- $250K – $1M loan amount
- 30-year amortization
- 5% prepay for 3 years
- No tax returns required
10-Year Hybrid
Long-Term Stability
- $250K – $1M loan amount
- 30-year amortization
- 5% prepay for first 5 years
- No tax returns required
Eligible Borrowers and Property Types
Our stated apartment loan programs are available to U.S. citizens, permanent resident aliens, and legal entities. We finance a wide range of commercial and multifamily property types across two tiers.
Multifamily
Apartment buildings and multifamily residential properties.
Mixed Use (Residential)
Tier I property type with residential and commercial space.
Office & Retail
Tier II commercial office space and retail properties.
Industrial & Storage
Light industrial, self-storage, warehouse, and automotive properties.
Mobile Home Parks
Manufactured housing communities and mobile home parks.
Mixed Use (Commercial)
Tier II mixed-use properties with primarily commercial tenants.
Eligible States
Our stated apartment loans are currently available in the following states. Not currently available in rural areas.
Our Streamlined Process
From your first conversation to closing, our stated apartment loan process is designed to be simple, transparent, and fast. Here's how it works.
Tell Us Your Story
Share the details of your investment scenario. We'll review your deal and provide feedback quickly.
Receive Your Term Sheet
Get all the details with no commitment. Review rates, terms, and conditions before moving forward.
Letter of Intent
Feel confident in our ability to close. The LOI formalizes our commitment to your transaction.
Processing & Underwriting
Rely on thorough and transparent analysis done on time. Our team handles underwriting efficiently.
Closing & Funding
Strengthen your reputation as a solution provider. Typical transactions close in 3 to 4 weeks from application.
Get Started Today
Ready to finance your apartment building with a stated income loan? Call us at 888-375-7977 and speak with one of our qualified representatives, or apply online now.
*All terms and conditions quoted above are subject to change at any time without notice.