No Tax Return BRRR Rental Loan

No Tax Return BRRR Loan

Yes, this is real.

  • No Income Verification
  • No Tax Returns
  • No Debt-to-Income Ratio

They used to be called a “Stated Income” loan, and were popularly nicknamed “Liar Loans”. Now, we don’t even ask for your income, just the property income. No lying required. Your FICO credit score is critical. The higher your score, the lower your rate.

Apply for your No Tax Return BRRR Loan

  • The short seasoning requirement makes this great for the BRRR strategy
  • No Tax Returns and no DTI make it great for investors with great credit, but who write everything off on their tax returns.

And most investors are getting an interest rate around 6 1/2 percent. You can go full documentation to get lower rates, but you’ll need to meet all the usual requirements. Full Doc Rental Loans

Everyone always wants to know the specifics, so download the flyer below with the rate tables and all the nitty gritty details. Here are the really important ones to know.

Qualifications
  • Credit Score is critical
  • LTV matters

Those two items will directly impact your loan rate.

Hurdles eliminated
  • No Employment Verification
  • No Tax Returns
  • No DTI (debt-to-Income) calculation
  • No limits on the number of loans
  • No need to close in personal name
Key Loan Terms
  • 30 year fixed interest rate
  • Minimum loan $75,000
  • Blanket loans are available
  • Loan Costs: 2 points + $1995
  • 3 months seasoning to use the ARV (except AirBnB)

Apply for your No Tax Return BRRR Loan

AirBnB

For the AirBnB investors, you need 6 months seasoning. Structured correctly, you can do it with only 3 months seasoning. Call us about getting the structure right for 3 month seasoning.