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Subprime STATED Business Purpose Loans


Subprime loans are a great alternative when you are turned down by banks and require better terms and pricing than hard money. Stated income with no income verification, no balloon payments and 30 year terms. Minimum credit scores 501 for west coast and 650 for east coast. No due diligence fees or upfront fees. Conditional loan approval in 24-48 hours.

Non Owner Occupied only
Loans from $100,000 - $2,000,000
30 year fully amortized
Rates starting at 6.75%
N.I.V. (No income verified)
No DSCR for residential properties
3/1 ARM (5 & 7 year fixed available)
3 year prepay (reduction to PP available)
Lending in 23 states
Residential collateral (1-4 units) only in NY, NJ, FL, NC, SC, GA & VA

Residential: California, Colorado, Florida, Georgia, Idaho, Kansas, Montana, Nebraska, New Mexico, New York, New Jersey, North Carolina, Oklahoma, Oregon, South Carolina, Texas, Utah, Virginia, Washington, and Wyoming (licensed broker required in AZ, KS, MT, NE, OR, & UT)
** Owner Occupied only considered in California

Commercial: California, Colorado, Hawaii, Idaho, Kansas, Montana, Nebraska, New Mexico, Oklahoma, Oregon, Texas, Utah, Washington, and Wyoming