NATIONWIDE Stated Income Investor 1 – 4 Rental Unit Mortgage Loans
– Loan Amounts up to $1,000,000
– Loan Purpose Purchase, Refinance, Cash Out
– Property Types: Investor 1 – 4 Rental Unit
– Debt Service Ratio 1.20x
– Loan to Value Max 70%
– FICO 650 mid score
– Rates start from 6.99% (depends on loan size and LTV)
– Fixed Period 3 & 5 year options, see below for adjustable info
– Terms 30 year fully amortizing / 30 year loan
Stated Income Small Commercial Lending – Nationwide
– Loan Amounts up to $5,000,000
– Loan Purpose Purchase, Refinance, Cash Out
– Property Types
Class I: Multifamily (5+ Units) & Mixed-use
Class II: Office, Retail, Warehouse, Self-Storage, Automotive Services
– Debt Service Ratio Class I: 1.20x / Class II: 1.25x
– Loan to Value Class I: 70% / Class II: 65%
– FICO 650 mid score
– Fixed Period 3 & 5 year options, see below for adjustable info
– Rates start from 6.99% (depends on loan size and LTV)
– Terms 30 year fully amortizing / 30 year loan
Adjustable format
– WSJ Prime + 4%, Caps 2% first adjustment then 1% per period
– 2% yearly max – 6% life cap over start rate
Highlights of Program
– No Tax Returns
– Loan turned down by other lenders
– Perfect for self-employed
– Common sense underwriting
– Permanent financing, No balloons
– Quick Closings