NO TAX RETURNS MORTGAGES
NO TAX RETURNS MORTGAGES
COMPLETE FOR A FREE PERSONALIZED QUOTE
PROGRAM DETAILS:
•LTV up 75% for Purchase and Rate & Term Refinance. Up to 65% for Cash-Out Refinance.
•Minimum FICO credit Score: 640+
•No income or employment Documentation Required
•Just One Month bank statement for Proof of Funds
•Available for primary and second homes
•30-Year Fixed and 5/7/10 ARM options
•Interest-Only payment options. •Reserves: 12 to 24 Months of PITI (Based on borrower’s FICO) – Cash-Out funds can be used as reserves!
•Loan Amount Limits: $200,000 to $3,000,000
EXAMPLE SCENARIO:
Rates as of 09/18/24 and are subject to change. The following example is for a Purchase loan in L.A County for a borrower with a mid-FICO score of 760+, 3 months of PITI in reserves, and property Loan-to-Value (LTV) ratio up to 60%, For 30 year Fixed option, loan amount of $400,000 at 8.75% (APR 9.08%), P&I is $3,146,
Available in California and Florida
PROGRAM DETAILS:
•Business Deposits verified by 12-24 months of
Bank Statements
•LTV up 90% for Purchase and R/T AND Cash-Out Refinances.
•Minimum FICO Score 580
•No Business or Personal Tax Returns!
•Available for Primary, Second Homes or Investment Properties
•30-Year Fixed and 5/7/10 ARM options
•Interest-Only payment options.
•Reserves: 6 to 12 Months of PITI
•Loan Amount Limits: $200,000 to $4,000,000
Rates as of 09/18/24 and are subject to change. The following example is for Purchase with 24 months business statements, averaging deposits to meet 43% DTI, a borrower with a mid-FICO score of 760+ and ACH direct payments, and property Loan-to-Value (LTV) ratio up to 60%. A 30-Year Fixed-Rate loan example is based on a $400,000 loan amount at 6.25% (APR 6.56%), P&I is $2,463 estimated loan costs: $11,950. Rates are subject to change. PI payment does not include taxes, home insurance premium, and HOA dues, which will result in a higher total monthly payment.
Available in California and Florida
PROGRAM DETAILS:
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Single Family, Condos, 2 to 4 Units or 5 to 10 Units
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LTV up to 80%
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Unlimited cash-out up to 75% LTV
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Minimum FICO 620 for 1 to 4 units / 625+ for 5+ units
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30 Year Fixed or ARM options
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Fully Amortized or Interest Only options
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DSCR as low as 0.5 and No Ratio options for 1 to 4 units / 1.0 for 5+ units
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Simple DSCR calculations: just payment + tax + insurance as expenses
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No Tax Returns or any personal income verification
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First Time Investors are allowed
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Multipurpose LLC are allowed
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As little as 3 months reserves
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Vacant – OK, able to use market rents
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Loan Amount Limits: $200,000 to $3,000,000
EXAMPLE SCENARIO:
Available in AL, AR, CA, CO, CT, DE, DC, FL, GA, HI, IL, IN, KY, LA, ME, MD, MA, MS, MO, NE, NH, NC, OH, OK, PA, RI, SC, TN, TX, VA, WA, WV, WI, WY.
PROGRAM DETAILS:
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LTV up 80% for Purchase and Rate & Term Refinance/ up to 75% for Cash-Out Refinances
- Minimum FICO 620
- P&L prepared by a licensed accountant required
- Avaliable for primary and second homes
- 30 Year Fixed and 5/7/10 ARM options
- Interest Only payment options
- Reserves 6 to 12 months of PITI – Cash-Out funds can be used as reserves!
- Loan Amount Limits: $200,000 to $3,000,000
EXAMPLE SCENARIO:
Rates as of 09/18/24 and are subject to change. The following example is for Purchase with a Profit and Loss Statement prepared by a licensed accountant with a Net Income after expense ratio sufficient to meet 43% DTI, a borrower with a mid-FICO score of 760+ and ACH direct payments, and property Loan-to-Value (LTV) ratio up to 60%. A 30-Year Fixed-Rate loan example is based on a $400,000 loan amount at 6.5% (APR 6.76%), P&I is $2,528 estimated loan costs: $10,900. Rates are subject to change. PI payment does not include taxes, home insurance premium, and HOA dues, which will result in a higher total monthly payment.
Available in California and Florida
PROGRAM DETAILS:
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Investment Properties Only
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LTV up to 70%
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Investment SFR’s, Condos, and 2-10 Units
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No Income, No assets verified
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Low credit score – OK
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Same Day approval
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1st and 2nd position loans
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Funded in as little as 7 days*
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Loan Limits: $50,000 to $3,000,000
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Available in California (within major MSAs – no rural)
4and are subject to change. *Some loans may take longer than 10 days to close. To qualify for the above sample rate, LTV up to 60%, borrower must be current on all mortgages. FICO 740+.Investment SFR’S 2-4 UNITS. Have atleast 6 verified experience 1st TD’sand non construction loans only. Origination fee of 2.5points, plus underwriting, processing, appraisal and prepayment penalty apply. N/O/O SFR’S and 1-4 unit only. Other programs with FICO requirement and up to 80% LTV are available, call for details. Restrictions Apply. Terms are subject to change, Loans are funded by Pacific Capital Funding Corp is licensed by Cal DRE Lic: 02039562
WHAT OUR CLIENTS SAY
Mike and Leon have personally closed loans for me as well as our clients. The array of knowledge and variety of loan products they offer are incredible and well above the competition (along with better rates). I would utilize them for all your real estate purchases whether it is your dream home or an investment property.
Over the years I have worked with several mortgage companies to either purchase or refinance a property. I must say LendingPlace was the best experience I’ve had. The most important factor was timely responses by professional team members. I felt like I was in great hands from the first contact to the final closing. Excellent service!!
I was very fortunate to have come across Mike at the LendingPlace! The process to purchase our property was quick and easy. In a climate where you are competing with other investors, The LendingPlace helped use achieve a successful transaction! I would definitely recommend giving them a call!
NMLS ID: 2003033 Lic: 60DBO-116526
24007 Ventura Blvd Suite 260, Calabasas, CA 91302
Rates are subject to change without notice. Minimum Loan amount: $200,000. LendingPlace is a subsidiary of LendingPlace, Inc. NMLS ID: 2003033 licensed as a broker in California by DFPI Lic: 60DBO-116526 and in Florida Lic: MBR4920. In addition, DSCR Loans are also available in AL, AR, CO, CT, DE, DC, GA, HI, IL, IN, KY, LA, ME, MD, MA, MS, MO, NE, NH, NC, OH, OK, PA, RI, SC, TN, TX, VA, WA, WV, WI, WY. All rights reserved by LendingPlace Inc.