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Stated Income Loans

Stated Income Loan Programs Are Back For Businesses & Investors!
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Tax Returns Are NOT Required

Are you unable to get a loan because your tax returns do not show enough income to qualify? We have a stated income financing program that does not rely on your tax returns for approval. In fact, we will never even ask to see them! We will base our decision for commercial income properties on bank statements, a rent roll, and leases. For owner-occupied business properties, we will base our decision on bank statements and a Profit & Loss Statement!

Banks require your tax returns to show enough income to service debt. A lot of business owners and investors write off a considerably high amount of their income due to the fact that they can. Unfortunately, this does not help their chances of getting a bank loan because it appears that there is not sufficient income to service a loan so they are turned down. This is a shame because there are a lot of investors and business owners who actually do have sufficient income. They just don’t show it on a tax return because they will have to pay more in income tax.

It becomes a trade-off. Do you show more income and pay more taxes so you can obtain a loan, or do you show less income and pay less in taxes with the end result being that you will not qualify for a loan? It is a tough choice, especially when one of the reasons people invest or own a business is to pay less in income tax. Well, we have solutions for this age-old problem.

Stated Income Financing Details

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Tax Returns are NOT required!
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Loan amounts $150K – $2 million
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Rates from 6.5% – 9%
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Purchase, cash-out, or refinance
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Amortization: 30 years
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Minimum credit score: 650 (mid score)

Here's Just a Few Benefits of Stated Income Financing

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Up to 80% LTV on multifamily properties and this includes cash-out transactions

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Recently stabilized – we only need 75% occupancy for the preceding 90 days at a 1.2 DSCR

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No seasoning on title and the ability to use appraised value vs cost basis

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Low liquidity – We only need 3-6 months of P&I in reserves

Why Choose ICA As Your Stated Income Financing Expert?

Short Application

Fill out our short online application or call 800-975-1691 today!

FAST Approvals

Once we receive the necessary documents, we’ll usually have an answer within 24-48 hours.

Many Property Types

Financing for multi-family, commercial, mixed-use industrial, retail and more!

What Property Types Qualify for The Stated Income Program?

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Investment

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Owner-occupied business

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Multi-family

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Mixed-use

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Office

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Retail

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Industrial

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Self-storage

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Warehouse

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Automotive

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Mobile home parks

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Daycare centers

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Restaurants

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Bars

Stated Income Success Stories
Saved Dentist Over $2,500/Mo, Paying Down Higher Interest Debt!

Saved Dentist Over $2,500/Mo, Paying Down Higher Interest Debt!

A dentist in the Chicago suburbs had a lot of higher interest / short amortization debt that was killing her bottom line. Most of it was equipment leases that are usually at a rate of 15-20% APR or more for 5 years. It makes the payment quite high because of ...
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stated income loan case study

We Refinanced Building on Northwest Side of Chicago without Tax Returns!

My client had a property she purchased originally with a construction loan to tear down and build a 4 story condo building. Well, that was in 2007 and you know what happened in 2008.The bank reluctantly converted it into a long-term note but really didn’t want it on the books ...
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Gun Store in Western Suburbs was on Verge of Foreclosure!

Gun Store in Western Suburbs was on Verge of Foreclosure!

In 2015 this gun store opened in the western suburbs in a building that the owner was able to secure with a contract for deed (land contract) with a local community bank. This building was a real estate office and had been vacant for many years. The bank was happy ...
Read More
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Stated Income Loans are a Game Changer For Small Businesses

Stated Income Loans: A Game Changer For Small Businesses

Has your small business been denied a loan before? Cash flow for equipment, office space, training, and other vital resources ...
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How To Borrow $462,000 On A Property With Only $2,992 Of Income

My client wanted to purchase more real estate to add to her portfolio. She had a 9-unit multi-family property that ...
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Is There Still Stated Income Loans For Real Estate Investing?

Is there still stated income loans for real estate investing? This is an interesting question. Why? Because, since the great ...
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Chicago

6859 W. Addison
Chicago, IL 60634
800-975-1691

Crystal Lake

8600 US Hwy 14
Suite 102
Crystal Lake, IL 60012
815-893-7151
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info@icadvisors.com

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