Stated Income Loan

Stated Income Loan offered Nationwide

A stated income loan is a mortgage where the borrower states their income without supporting traditional documentation, like income taxes, W-2 forms, and paycheck stubs. Most banks require you to jump through hoops, we do not. 

Loan Program Highlights

• Nationwide lending 
• Fully amortized 30 years fixed  
• Based on value, not on income 
• Fico driven 650+ 
• No title seasoning  
• One day out of bankruptcy –ok 
• Corp, LLC, and Partnerships 
• Rate buydown available 
• Prepay options 
• Broker friendly 

Types of Properties Eligible for Stated Income Loan

• Investor 1-4: SFR, Condo, and 2-4 Units
• Multi-Family Apartments (5+ Units)
• Mixed-Use and Mobile Home Parks
• Commercial: Office, Retail, Warehouse, Industrial, Self-Storage, and Automotive

Target Clientele for this loan program

Typically, our stated income loans are beneficial for borrowers with non-traditional or fluctuating incomes, such as commission-based earners, real estate investors, self-employed individuals, and freelancers. These loans are also perfect for real estate investors and business owners looking for lower payments on a long-term, fixed-rate loan without a balloon payment.

Blanket (Portfolio) Loans 

Our blanket mortgage program allows for a single loan to consolidate multiple properties as collateral for the loan requested. Each property acts as pledged collateral for the others. Blanket mortgages are often used to purchase or refinance a portfolio of properties as one loan to save on closing costs. This program is strictly for 1 –4 residential units, investment properties only.  

• Best alternative to hard money loans
• No income taxes required for self-employed investors and small business owners
• $150,000-$5,000,000
• 75% LTV/cash out of purchase
• Up to 10 properties per blanket 
• 2-week closings 
• Reduced fees for additional properties
• All properties must be in the same county 
• If it is a purchase, all properties must have the same seller

Foreign National Loan Program

Documents required for the loan program application

1. Sign RGC Capital loan proposal (LOI)
2. Two months of bank statements (all pages from all accounts)
3. Driver’s license & social security card – for each borrower
4. Loan application (business purpose applications click here /
    for residential applications click here )
5. Current mortgage statements and insurance on all properties owned
6. If rental – current lease(s)
7. Business purpose – letter of explanation (if self-employed then CPA letter) 
8. Twelve-month mortgage payment history on subject and owner-occupied properties