Los Angeles, California - Qkmortgage.com offers stated income loans to self-employed persons to enable them qualify to get a home loan. They are committed to assisting self-employed borrowers therefore these loans do not require any form of verification but they accept bank statements just to determine the cash flow of the borrower making these stated income loans ideal for any self-employed borrower who has low income reported.

The debt to income ratios that these stated income loans is not restricted, as long as borrowers have 30% down payment, then they will be able to get approve for this loan program. The no income verification mortgage offered by Qkmortgage.com have lower requirement than the traditional loans making these stated income loans a great loan program for self-employed who declared low income to pay less on the tax.

The requirements for the stated income home loans is to have a minimum FICO credit score of 600, 30% equity for refinancing, 30% down payment for a purchase, and a loan amount in the range of $125,000 and $3,000,000. Importantly, it must not be an owner-occupied property. The loan is design for mainly investment. Since the house rental market increase tremendously, this loan is an excellent program for investor.

Qualifying for a traditional loan is difficult for most self-employed borrowers. Before approving a loan for a self-employed, the underwriting factors that must be analyzed include: demand for services offered, location and type of business, stability of income, financial strength of business and the business’ ability to generate sufficient income for the borrower.

Also two years of personal tax returns and IRS issued transcripts for the business and two years of federal tax return (which, in most cases never reflects the finances of the self-employed accurately) are required by traditional lenders to determine net income.

Borrowers do not need to prove net income to get approved for a mortgage for self-employed with Qkmortgage.com. Without providing tax documents and writing off expenses, a business owner or self-employed can qualify for a stated home loan with Qkmortgage.com.

Qualifying for self-employed mortgage is easy and quick with Qkmortgage.com. For small business owners and the self-employed, it is now easy to get a stated income mortgage . All that’s needed is 30% equity or 30% down payment and a minimum 600 credit score. The majority of loans are funded in less than 30 days with fully underwritten approvals given within 72 hours in most cases. Borrowers can get qualify over the phone. Qkmortgage.com, stated income mortgage lenders process everything electronically so borrowers can get a loan over the phone.

About QK Mortgage

QK Mortgage is part of Maxim Real Estate Group Inc., which is a CA BRE licensed Real Estate Broker. QK Mortgage specializes in stated income loans and assists borrowers to get approvals for a high limit mortgage loan without the need to submit income verification documents. With a minimum credit score of 600, individuals can now be eligible for a home loan with the maximum loan amount of 3 millions.

For Media Enquiry:
Contact Person: Darryl Bledsoe
Telephone:(818) 741-3640
Email: [email protected]
Website: http://qkmortgage.com/