QKMortgage.com Approved Stated Income Home Loans for Self Employed to Purchase Investing Property of Up to 5 Millions
People who are self-employed or who do not have a stable income can look into stated income loan program offer by Qkmortgage.com.
Los Angeles, California - The stated income mortgage program are available to anyone who want to refinance or purchase a home without going through the pain of providing income documents. These stated income home loans have been fashioned in such a way that borrowers benefits without the hurdle of verifying income and submitting tax returns.
How Mortgage Loans Open Up New Opportunity to Rental Property Investor
It became very difficult to qualify for a mortgage after 2008 and the people most affected by the changes were those without a stable or an abundance of income. It is until very recently that anyone showing less income on their tax began having any option of purchasing or refinancing their real estate by laying hold of conventional loans from firms that lend. There have recently been rapid changes, especially in 2015, in mortgage loans, for borrowers with enough money to make a down payment or who have enough equity to refinance.
The availability of the stated income home loans program is the most notable opportunity for economic growth in 20015. With an increasing number of people (most of whom are borrowers having low credit, people with unstable income sources or those with reduced self-employed income showing on their taxes) looking to qualify to refinance or purchase with a mortgage loan requiring no income verification, this no income verification mortgage program have given many self-employed borrower a new opportunity in owning a home. Approval for a stated mortgage loan is based on equity or cash reserves and the ability to finance the monthly payment.
Stated Income Loans Requirement
2015 have changed many investor point of view and opportunity as stated income loans become available to the market. The loan program open up opportunity for people who on 1099 and low credit score. The only requirement for approval for the stated income loan program are 30% down payment or 30% equity, credit score of 600+, and the purchase property or refinance property must be non-owner occupy, owner can’t live in the property.
No Need to Furnish Tax Returns
Whereas it is required that a borrower furnish his income tax returns for most traditional mortgage loans, there are no such requirements for stated income home loans.
IRS Documents Are Not Taken Into Consideration
Upon applying for a stated income mortgage loans, there are no considerations of the documents the Internal Revenue Service has on record as they are unimportant in deciding whether a loan is approved or not.
Proof of Employment Is Not Required
Applicants will not be asked to provide any proof of employment upon applying for a stated income mortgage loan.
QKMortgage.com is part of Maxim Real Estate Group Inc., which is a CA BRE licensed Real Estate Broker. QKMortgage.com specializes in stated income loans where borrowers can get quick loan approvals without a need to submit income verification documents. With a minimum credit score of 600, individuals can now be eligible for a home loan of up to three millions.
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Contact Person: Darryl Bledsoe
Telephone: (818) 741-3640