Stated Income Loan
Simplifying the Complex Mortgage Process
Stated Income Loan offered Nationwide
Our nationwide stated income loan program is specifically designed for self-employed borrowers, real estate investors, 1099 earners, and small business owners seeking a simplified alternative to traditional mortgage financing. With a stated income mortgage, you can qualify without the burden of conventional income documentation, no tax returns, W-2s, bank statements, or pay stubs required. This makes our program ideal for entrepreneurs with complex financials, investors with multiple types of properties, or borrowers who need alternative documentation loans to meet their funding goals.
Unlike traditional banks with rigid underwriting guidelines and slow processing times, our nationwide stated income commercial and investment residential loans offer flexible requirements, equity-based qualification, and a fast approval process geared toward borrowers who value efficiency. Whether you’re purchasing, refinancing, or seeking a cash-out stated income loan, we provide competitive terms, nationwide availability, and a streamlined experience tailored to your unique financial profile, helping you secure the mortgage you need with speed, simplicity, and confidence.
Loan Program Highlights for Stated Income & No-Doc Mortgages
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)
Commercial Property
Mixed-Use and Mobile Home Parks)
Foreign National Loan Programs
We offer flexible financing options for foreign nationals, including DACA recipients, part-time U.S. residents, and international investors.
Foreign National Program
U.S. credit required
Lives in the U.S. part-time
DACA recipients welcome
Commercial properties allowed
Max LTV: 75%
Foreign Investor Program
Lives outside the U.S.
No U.S. credit required
Funds must be in a U.S. bank
EIN number issued
Max LTV: 65%
Target Clientele for this loan program
Our stated income loans are ideal for borrowers with non-traditional or fluctuating incomes, such as commission-based earners, freelancers, self-employed professionals, and entrepreneurs. These loans are also a great fit for real estate investors and small business owners seeking low-documentation mortgage options with long-term, fixed-rate financing and no balloon payments.
Blanket (Portfolio) Loans – Consolidate Multiple Properties Under One Mortgage
Our blanket loan program allows you to combine multiple properties into a single mortgage, using each as cross-collateral. This is a smart solution for those looking to purchase or refinance a portfolio of residential units while saving on closing costs. The program is available for 1–4 unit residential properties, strictly for investment use.
- A great alternative to hard money loans
- No income taxes required for self-employed borrowers and business owners
- Loan amounts from $150,000 to $5,000,000
- Up to 75% LTV / cash-out of purchase
- Finance up to 10 properties per blanket
- Fast closings – typically within 2 weeks
- Reduced fees for additional properties
- All properties must be in the same county
- For purchases, all properties must have the same seller
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.
9. If purchase – purchase agreement, escrow, and title information.
Submit Your Loan Scenario
Frequently Asked Questions (FAQs)
What is a stated income loan?
A stated income loan allows borrowers to qualify based on the value of the property rather than traditional income documentation. No tax returns, W-2s, pay stubs, or full income verification are required for qualification.
Who are stated income loans designed for?
Stated income loans are ideal for self-employed borrowers, real estate investors, 1099 earners, freelancers, and small business owners with complex or fluctuating income streams.
Do stated income loans require tax returns or bank statements?
No. This program does not require tax returns, W-2s, pay stubs, or traditional income documentation. Limited alternative documentation may be requested depending on the loan structure and purpose.
Are stated income loans available nationwide?
Yes. Our stated income loan program is offered nationwide for eligible commercial and investment residential properties.
What types of properties qualify for a stated income loan?
Eligible properties include single-family residences, condos, 2–4 unit properties, multifamily apartments (5+ units), mixed-use properties, mobile home parks, and other commercial real estate.
Are stated income loans based on credit score?
Credit score is a factor, with most programs requiring a minimum FICO of 650 or higher. However, approval is primarily driven by property value, equity, and overall deal strength rather than income history.
Are these loans fixed-rate or adjustable?
Stated income loans are fully amortized 30-year fixed-rate mortgages, providing long-term stability with no balloon payments.
Is bankruptcy or a past credit event allowed?
Yes. Borrowers may qualify as soon as one day out of bankruptcy, depending on the overall profile and property value.
Can stated income loans be held in an LLC or corporation?
Yes. Stated income loans are available to corporations, LLCs, and partnerships, making them ideal for investors and business entities.
Do stated income loans allow cash-out refinancing?
Yes. Cash-out refinances are available based on loan-to-value limits and property eligibility, allowing borrowers to access equity without traditional income verification.
Are foreign nationals eligible for stated income loans?
Yes. Foreign national programs are available for both part-time U.S. residents (including DACA recipients) and foreign investors living outside the U.S., with LTV limits based on residency and credit structure.
What documents are required to apply for a stated income loan?
Typical requirements include a signed loan proposal (LOI), loan application, government-issued ID, two months of bank statements, current mortgage and insurance statements (if applicable), lease agreements for rental properties, entity documents if using an LLC or corporation, and a brief exit or explanation letter when required.
