I'd like to know more about the properties (1-4 family, annual taxes, location, etc) and run the numbers to see of there is a way you can qualify without having to go the stated income route.
Maybe we can talk and see where we go from there.
Senior Loan Officer
Sterling National Bank
By the way, there ARE no income check loans; ask Brian!
I guarantee you, if Brian can't do it, it can't be done!
Exit realty by the park
Licensed real estate sales associate
Such loans as "No Income Verification" and the like do not exist. Beware anyone promising to provide such financing; they'll waste your time and your money.
If you have owned a primary residence in the past 12 months and you purchase an investment property, the proposed rental income from the investment property can be used to qualify for the new mortgage.
If you wish to include rental income from an existing investment property you must demonstrate the income from this property for the most recent 2 years on Schedule E of your Federal Income tax returns and that income must be sufficient to qualify.