People with unstable jobs face a lot of difficulties to get their loan approved for rental property or purchasing a new home. Their proof income is not strong enough to get their loans sanctioned. Thanks to the new investor loan program that doesn’t ask for any income proof of the investor. Here is your chance to bag the loan for your property.
Don’t you wish to have your own home? Does the dream of having your own home fades away due to your low income and poor job stability. You don’t have to worry anymore regarding the approval of your loan for investment property. The new Investor Loan program gives you ample opportunities to either rent a home or purchase a new one without the need to show your proof of income or submitting your tax returns.
Get your loan approved within 3 business days
Buying a new home or investing in a rental property has become an easy and less challenging task due to the easy availability of the investment property loans. Your loan gets sanctioned within 72 hours time and you don’t have to undergo the time consuming and the complicated conventional underwriting and also submit the tax returns of the current two years.
The loan program is beneficial for those with unstable jobs
The new stated income loans program has proved to be beneficial for all those individuals who don’t have a stable job and are unable to provide any definite tax documents but still wish to get a good rental property or purchase a home. There are no heaps of paperwork and you don’t even have to stand in queue for hours to get your loans approved.
What are the requirements?
There are certain necessary requirements that you need to abide by in order to get loan for investment property. They are:
- The FICO score should be at least 600.
- 30 % down payment must be initiated.
- Refinancing also requires 30% equity payment
- The property should be occupied by a non-owner.
No proof of income and work history required
The best part about the lnvestment properties of loan is that they will provide you with a minimum loan of around $125,000 million and the upper range limit is $3 million. Isn’t this a huge amount for a loan to get sanctioned for investing in real estate property? Your work history, job stability, current salary and tax returns will not be asked for the loan approval.
The whole context of the investment properties loans can be handled efficiently and in a more organized manner by a trusted and reputed service provider, QKMortgage.com. Your loan will get approved quickly without any hassles.