Consider a Stated Income Real Estate Loan

Not everyone is able to qualify for a traditional commercial real estate loan. The reasons can vary, but the result is the same: no financing is extended. Fortunately, there are alternatives for you to consider. One of them is a stated income loan for the purchasing of commercial real estate.

What is a Stated Income Commercial Real Estate Loan?

Stated income loans are those offered to borrowers based on their ‘stated income’, not on traditional documentation types. It is different than a traditional loan in that it focuses more on the piece of real estate in question rather than the credit history of the borrower.

Stated income loans may be especially useful for the following folks:

• A person who earns a living from seasonal work
• Self-employed individuals with low overall income
• A recent business owner whose business has only recently become profitable

People like these may be highly creditworthy, but the protocol used by traditional banks may not qualify them for a traditional commercial property loan.

Our company, KMS Funding Solutions offers stated income loans to qualifying customers. We’d like to earn your business.

Details About our Stated Income Loan Program

Almost any type of property is financeable using our stated income loans. Our stated income loans come with the following:

• A credit score of 600 or higher needed for quality
• Quick decision on approval
• All loans carry fixed rates over a twenty-five-year term.
• W-2 or self-employment credentials are required
• Amount of up to $500,000, usable for purchases, renovations, or debt consolidation
• LTV (loan to value) from 65% to 75%, depending upon the details of the property.

Contact KMS Funding Solutions

We are eager to hear from you if you believe that a stated income loan would be useful for your situation. Give us a call and we can answer any additional questions that you may have.