FIDELITY FUNDING (877) 300-3007

Stated Income Loans

Stated income loans have evolved, providing a crucial lifeline for self-employed individuals and investors who write off significant expenses on their taxes. Instead of judging your creditworthiness based on net taxable income, we look at the asset and alternative documentation.

Whether through bank statements, P&L statements, or the property's own cash flow, our stated income alternatives get you approved when traditional methods fail.

Key Facts

  • Verification: No Tax Returns Required
  • Max LTV: Up to 80%
  • Terms: 30-Year Fixed or Bridge
  • Uses: Purchase, Rate/Term, Cash-Out
  • Self-employed business owners
  • Real estate investors with heavy write-offs
  • Borrowers with complex corporate incomes
  • Individuals protecting their personal DTI

Frequently Asked Questions

What is a bank statement loan?

A program where we calculate your income based on 12-24 months of deposits into your personal or business bank accounts.

Is this like the pre-2008 'liar loans'?

No. Modern stated income (like DSCR or Bank Statement) requires actual proof of cash flow or massive equity protection. They are highly regulated and secure.

Are rates higher than standard loans?

They carry a slight premium over conventional A-paper rates to account for the alternative underwriting.

Can I use this to buy a primary residence?

Our programs are strictly for investment properties.

Do I need a CPA letter?

If utilizing a P&L program, a CPA or licensed tax preparer may need to verify the statements.

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Fidelity Funding Corp · Direct California private money lender since 2006

(877) 300-3007

450 N Brand Blvd, 6th Floor · Glendale, CA 91203 · Mon-Fri 8AM-6PM PT

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