Mortgage Programs | Alex Barbosa | MLSLI.com - Long Island Real Estate
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Plan A Realty
Main Office:
516-777-0385
abarbosa@planarealty.com
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Plan A Realty
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Main Office:
516-777-0385
abarbosa@
planarealty.com
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Stated Income Loan by Fleximo 

Stated Income loans

Loan amounts $100,000 - $5,000,000 |  Up to 75% LTV 
Simple doc programs | Programs for foreign investors 

Property types: SFR, Townhome, Condo, 2-4 Unit, multifamily (5+ units), mixed use, office, retail, warehouse,  self-storage, automotive services

For documents and more information, 
or call your Account Executive today at 516-777-0385

Stated income loans  are easy to get as it does not require you to submit a pay slip or W-2 form as a requirement for securing a loan. It is a loan that relies on trust. The lender trusts the borrowers by releasing the loan after stating their estimated and not fixed income. This loan is simple and easy as there is no complicated paperwork involved during the loan processing. The downside of a stated income loan is that borrowers may take advantage of their lender’s lenience because they can exaggerate their monthly earnings in order to secure a higher amount for their loan.

How Does Stated Income Loan Operates?

Stated income loan is a simplified method of loan, as it does not require piles of documents from the borrower. This is how it operates:

It offers immediate solutions to self-employed customers who have a hard time assessing their income.

Lenders can understand the borrower’s situation and may adjust the deductions or add it to the income because of depreciation or depletion.

You can manipulate your tax deductions related to your business and sidelines.

You are given an opportunity to borrow money that is deprived to you by other types of loans.

Get a Loan with Stated Income Loan

Since lending standards are getting tougher and complicated, borrowers could hardly get a mortgage. Self-employed in the United States is increasing as there are more retrenched workers working at home. Their income is not fixed and it depends on their effort. Assessing their income is also a tough job for them and when the time that they need to apply a loan, they cannot find a lending company that will qualify them. Securing a loan is next to impossible. The only solution is to obtain a stated income loan with us.

Plan A Realty Corp. will only consider investor, business and commercial loan applicants. No representations are made as to the legal validity, adequacy and /or effects of any provision, including tax consequences thereof. If you desire legal, tax or other professional advice, consult your attorney, tax advisor or professional consultant. This advertising is intended for use by mortgage professionals only and is not an advertisement under section 226.24 of Regulation Z, and is not intended for use by the general public. Non-Regulation Z covered Loans. This is not as an offer to extend credit or a commitment to lend. Credit, property type, location and title review are subject to approval. Terms and Conditions apply. Adjustable rate programs, fixed rate programs, pre-payment penalties and applicable fees apply according to individual state specific rules and regulations. All loans arranged thru third party lenders. Third Party Fees Apply. Plan A Realty Corp. is a Licensed Real Estate Broker with the State of New York. Equal Housing Lender. All rights reserved. www.planarealty.com Copyright 2015