At UGMC, we understand that it is not always possible or suitable to provide all of the income documentation that conventional lenders require. Your borrowers may be self-employed or the documents may simply not be available for some reason. We offer exceptional stated income loan products on both residential and commercial properties Nationwide, and we want to help you achieve your borrowers financing goals through our Stated Income programs.
What to Expect From Our Stated Income Loans
At United Guaranteed Mortgage Company, we strive to make the loan application process simple and easy. You will find that this program has flexible and attractive loan terms that make it well-suited for your clients’ needs. Some of the terms of our stated income loans include:
- No lender origination points
- $100,000 to $5 million loan amount
- Purchase, cash out refinance or rate/term refinance
- Multifamily, mixed use, office, retail, warehouse, self storage, automotive services
- 1.2-1.25x DSCR
- 65 to 75 LTV’s
- 3, 5 and 8 year term options
- 550 middle credit score
- 30 year full amortization
- Option to buy out prepayment penalty
- Closings in 30 to 45 days
This is an exceptional loan program that has simple loan document requirements and common sense underwriting. We truly want to help your clients achieve their goals, and we understand that setting up creative financing for the property is a major component to achieving those goals. At United Guaranteed Mortgage Company, we excel in customer service, and you will find that we take our time to answer your questions with honesty and integrity throughout the loan process.
Stated income loans for commercial properties can be difficult to find, but rest assured that there is solution available. When you are interested in a stated income commercial loan program for your clients’ upcoming refinance or buying plans, look no further than United Guaranteed Mortgage Company. Contact us today to learn more about this program and other programs that we offer that may be suitable for your clients. Contact us today to get signed up with our company so you can offer this Stated Income loan product to your borrowers.