Los Angeles, CA -- (SBWIRE) -- 12/11/2015 -- A stated income mortgage is now available for qualified borrowers through QKmortgage.com. With a stated income mortgage, borrowers are able to apply for a loan, with no verification of income. Self-employed borrowers no longer have to verify income.
No income verification mortgages have fewer underwriting requirements than conventional loans. To qualify, borrowers need a 20-30% down payment and a FICO credit of 600 or better. The minimum loan amount is $125,000. The property may not be owner occupied.
There are many reasons a small business owner would want to choose a stated income mortgage.
A stated loan allows borrowers to qualify for loans up to $2 million. QKMortgage.com does not require any tax documents to qualify. For borrowers with low reported taxable income, such as small-business owners, it can be difficult to qualify for a conventional loan, which is why it makes sense to choose QKMortgage.com.
Another reason many borrowers choose QKMortgage.com for stated income mortgage lenders is because there is no need to prove income through an employment source. For borrowers looking to expand their business it is possible to tap into the equity of the home for a stated loan.
As a business owner, applying for a stated income mortgage is a quick and painless process. Purchases require a down payment of 20-30% and a refinance requires 30% of equity in the property. There is very little paperwork to process and the steps to apply are simple, easy and quick.
Most borrowers choose QKMortgage.com as their stated income mortgage lender because of their dedication to service and speed. The agents at QKMortgage.com make the process of qualifying and applying simple.
Pre-qualifying can be done on the phone in a matter of minutes, or online at: http://statedloan.qkmortgage.com.
For additional information about the Stated Income Loan program call 818-465-5861 or visit QKMortgage.com
QkMortgage.com makes it possible for small business owners and self-employed borrowers to qualify for a mortgage loan for investment property up to 4 units, or any non-owner occupied property. The loan agents at QKMortgage.com can approve a loan without the income tax documentation or work history. Borrowers can now qualify for up to three million dollars without the need to verify income or work history.
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Contact Person: Darryl Bledsoe