stated income loans 2014 california
Hard Money lenders blog are finally back in California. This form of new financing offered to borrowers is available through private lenders and channeled into investment properties throughout California. Stated income programs are available mainly to real estate investors that are buying properties to flip or for a long term investments. This way the private lenders are not breaking any federal laws, by charging higher rates and/or higher fees from homeowners.
Stated income loans were popular in 2005 and 2006, but lenders in 2008 have decided not to offer these programs to homeowners anymore. I actually think it was a really good thing in a way because people that can not qualify for loans from the first place shouldn’t apply. In 2010 things start changing and we realized that Stated income loans are a necessity because most self employed business professionals don’t really state most of their income, thats when we came out with the amazing program.
Our Stated income loans in California started in 2010 and just got better in 2014. We can now channel Millions of dollars to real estate buyers and to across the state of California. Our program doesn’t require any income documentation and no credit check. All you need to do is make sure you have equity in your property and we will take it from there.