SP
FAQ
SP
Flex-Series General Questions

Close this window

What documents are required for a stated income commercial loan or apartment loan?
Are the interest rates higher for a stated or no-doc commercial loan?
Can I still get 90% commercial financing with a stated income loan?
What are the main differences between stated income and no-document commercial and apartment loans?
What property types are eligible for stated income and no-doc commercial loan programs?
SP
 
SP
 
Answers
What documents are required for a stated income commercial loan or apartment loan?
With a stated commercial loan, we do not require personal or corporate tax returns. Property income and expense statement, rent roll, financial statements and leases are typically required.
  Back to Top

Close this window

   
Are the interest rates higher for a stated or no-doc commercial loan?
Yes. Because of the additional risks associated with non-conforming commercial mortgage loans, interest rates are correspondingly higher.
  Back to Top

Close this window

   
Can I still get 90% commercial financing with a stated income loan?
No. The higher risks associated with non-conforming commercial mortgage loans restrict LTV to a maximum of 75%.
  Back to Top

Close this window

   
What property types are eligible for Flex-Series Stated Income and No-Doc Commercial Loan Programs?
Most income producing commercial real estate properties are eligible for financing. However, special use properties, and properties in sub-standard condition have reduced LTVs.
  Back to Top

Close this window

   

 

What are the differences between stated income and no-doc commercial and loans?
Stated income commercial loans require property income and expense statements, rent roll, financial statements and leases, while no-document programs typically do not.
  Back to Top

Close this window

Close this window

Copyright © 2006 CommercialBanc.com. All Rights Reserved.

Flex-Series™ Stated Income Commercial Loan Program

FAQ