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Flex-Series General Questions

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▪ 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?
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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.
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▪ 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.
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▪ 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%.
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▪ 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.
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 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.
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Flex-Series™ Stated Income Commercial Loan Program
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