STATED INCOME

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We believe that a simple, honest, straight forward approach to lending in a manner that builds lasting relationships that generates future business and referrals. You will find that we keep everything “on top the table” in order to prevent any surprises as the closing date approaches.

Since we can offer Stated Income Loans of all types we are able to offer a customized program to meet your present day and future financial needs, weather acquisition - refinance - portfolio.
You will find that we are very competitive and responsive.

We have a Direct Lender who “Reinvented the Wheel” by offering the simplest program available in getting a Commercial Mortgage, which is a refreshing alternative to traditional financing.



Paper work is minimal, pre-qualifications and closings are less than industry standards, and the process is streamlined to offer a “no hassle” program.

PROGRAM DESCRIPTION
PROJECT TYPE:
LOAN RANGE (100,000 to $1,000,000)
CREDIT SCORE (* 575 Mid-Score Minimum)
PROPERTY TYPE:	other:
OCCUPANCY:
TERMS (very flexible 15-30 year amortization)
PRE QUALIFICATION (48 hours upon receiving information)
CLOSING (4-6 weeks max upon receiving application)
PROGRAM HIGHLIGHTS
The simplest Stated Income program available No tax returns required No income verification No lengthy loan committee reviews No lien on your home No balloon notes No expensive appraisals only lender cost is charged Low closing costs Automatic payment options, and no more check writing and mailing Flexible fixed and adjustable rates Flexible terms of 15, 20, or 30 years
PRE-QUALIFICATION DATA
FULL NAME OR ALL PARTIES INVOLVED:
YEARS OF MANAGEMENT EXPERIENCE:
BUSINESS PHONE:
BUSINESS FAX:
CELL PHONE:
E-MAIL:
LAST KNOWN MID SCORE: (We will still have to pull a new report.)
BORROWERS WILL BE:
TRANSACTION INFORMATION
LOAN TYPE:
LOAN TO VALUE:
PROPOSED TRANSACTION
SELLING PRICE :
AMOUNT DOWN:
REFINANCE AMOUNT:
CASH OUT AMOUNT:
USE OF PROCEEDS (if cash out refinance):
AMOUNT OWED:
PROPERTY ADDRESS * (INCLUDING COUNTY):
DESCRIPTION OF PROPERTY:
SELLING POINTS OF PROPERTY:
LOCATION OF PROPERTY:
NUMBER OF UNITS:
LAST YEAR OCCUPANCY PERCENTAGE:
DOES OWNER RESIDE ON PROPERTY:
ORIGINAL COST & DATE OF REFINANCE:	(Cost) (Date)
LAST APPRAISAL DATE AND AMOUNT:	(Date) (Amount)
CHOICE OF TERMS:
UPON RECEIVING THE ABOVE DATA, WE WILL NEED TO DO A STANDARD 1003 APPLICATION FORM PLUS WE WILL RUN CREDIT. THE APPLICATION FORM CAN BE DONE RIGHT OVER THE PHONE.

DOING BUSINESS WITH US IS EASY!
Depending on the above information that is supplied, we may have to fax you one of our forms to fill out. Once the project is approved a quote will be forwarded - complete with closing costs and we will close in 45-60 days once all documents are signed.
THIS IS A PRE-QUALIFICATION APPLICATION THE INFORMATION THAT IS SUPPLIED ON THIS FORM WILL NOT BE SOLD TO ANY 3RD PARTY PEOPLE, OR COMPANIES. THE INFORMATION USED WILL BE FOR DATA RECORDS FROM TEH COMPANY OF RC MORTGAE, AND RC MORTGAGE ONLY. THANK FOR YOUR APLLICATION SUBMISSION.