Financing Real Estate with Stated Income Loans

Obtaining financing for commercial real estate is not always easy. The loan application process can be long and taxing. At the end of that, you may be denied funding.

Here at Spearhead Commercial Financing, we have a robust stated income commercial real estate loan program. We work with businesses and investors alike to help them get the property they want.

Stated Income Loans Contrasted with Traditional Loans

Let’s face it, it can be a real ordeal to apply for a traditional loan. The bank will require you to submit a lengthy application. It can be quite intrusive. They will scrutinize your assets and creditworthiness in great detail.

Contrast that with a stated income loan. In this type of loan, your own credit history is less important than it is for a traditional loan. Actually, the lender will be focusing more on the actual value of the real estate in question. In most cases, the property’s value must be greater than the mortgage, taxes, and insurance of the stated income loan you are requesting.

Furthermore, the application process is much simpler than that for a traditional real estate loan. Much less personal documentation is demanded. In addition, the approval process is generally quicker.

Obtain a Stated Income Loan from Us

When you apply for a stated income loan from Spearhead Commercial Financing, the following advantages become apparent:

• Quarter-century financing terms
• Fixed, fully amortized loan
• Funding up to a $500,000
• Loan-to-value (LTV) up to 75%, depending on property type
• Funding for almost any property type
• Financing can be utilized for a wide variety of real estate costs

You must have a minimum credit score of 600.

Contact Spearhead Commercial Financing

Give Spearhead Commercial Financing a call today to learn more about our stated income program. Our staff is completely knowledgeable about all the particulars. Get started today.