True Stated Income Loans are Back! For Commercial & Residential Investment Properties

Hello Mortgage Professionals,

 

Do you need a Stated Income/Stated Asset product for your borrowers?  Velocity is a Scotsman approved nationwide wholesale lender specializing in a true Stated Income/Stated Asset doc product for non-owner SFR's, 2-4 unit Residential, 5+ Multifamily, Mixed-use, and traditional Commercial properties.  With just a mid fico of 650, your borrower can get up to 70% LTV with rates at par pricing, no upfront lender points, fully amortized terms, no balloon, and up to a 2pt rebate can be made on each loan.

 

We now allow brokers/bankers to TABLE FUND!!! And no DSCR on any SFR’s up to 2MM!!!!!

 

NO INCOME VERIFIED

NO TAX RETURNS

NO PAY STUBS

NO YTD PROFIT & LOSS

NO 4506t

NO CPA LETTER

NO 12-24 MONTHS BUSINESS BANK STATEMENTS

NO BALLOON PAYMENT

NO MAXIMUM NUMBER OF PROPERTIES OWNED

NO EMPLOYMENT VERIFICATION

FAST BROKER APPROVAL WITH NO BUYBACK CLAUSE

NO DCR on SFRs below 2MM

6.49% Floor Rate, No Upfront Points, Fully Amortized Terms

NOW OFFERING BROKER REBATES!!!!                                                                               

 

Feel free to contact me if you would like to know more about our programs or have a scenario you would like to run by me.

 

Kindest regards,

 

Robert

 

Robert Grant

Wholesale Sr. Account Executive                 

Velocity Commercial Capital

30699 Russell Ranch Road, Suite 295

Westlake Village,  CA  91362

Phone 818.338.9551 Cell 818.512.5495 Fax 818.338.9751

rgrant@velocitycommercial.com

www.velocitycommercial.com/robert.grant

 

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I have them as well as other loans that most banks or lending institutions either can't or won't do.

Lynne

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