Stated Income Loans​
A stated income loan is long-term financing for investment and commercial property that does not verify personal income. No W-2s, no pay stubs, no personal tax returns and no debt-to-income ratio. Qualification runs on the property, the leverage, the credit profile and the structure of the transaction. GreenBridge lends from $75,000 to $10,000,000 in 31 states.
No credit check for your quote.
Credit Score
No Minimum
Term
30-Year Fixed
Loan Amount
$75,000 to $10,000,000
Where We Lend
31 States
Leverage
Up to 75% LTV
Timing
10 to 15 business days
Business purpose only, and residential properties must be non-owner-occupied. Closing timelines depend on title condition, the valuation required and how quickly conditions are cleared. Not every transaction qualifies for the maximum loan-to-value.
What is a stated income loan?
A stated income loan is business-purpose financing on investment property and eligible commercial real estate, where personal income is collected on the application but never verified. There are no pay stubs, no W-2s, no personal tax returns and no traditional debt-to-income calculation. Approval rests on the collateral, the leverage, the credit profile and the structure of the transaction.
How does the funding process work?
1. Prequalify
Finding out whether your scenario works comes first and takes about three minutes. No sensitive information is needed at this stage and the focus is on the property. Checking eligibility does not affect your credit score.
2. Approval
A detailed quote arrives along with the loan application. Once the application is complete and signed, the loan portal opens for document upload so the file can be pre-underwritten and approved. Initial approval is generally issued within 1-2 business days.
3. Appraisal
The appraisal is ordered once approval is issued. While it is underway the file keeps moving, with the remaining conditions cleared in parallel rather than waited on in sequence.
4. Closing and funding
Closing is scheduled at a time and place that works for you, and the title company or closing attorney sends a settlement agent with the closing package. Your loan advisor is available during closing for anything that comes up.
Who funds a stated income loan?
GreenBridge funds stated income loans directly. In some states the way a transaction is executed varies to meet local licensing and compliance requirements, and the program and its guidelines are the same either way. Where a scenario does not fit the long-term program, GreenBridge does not pass the file to another long-term lender. It generally means the file needs a short-term structure for a period first, which is a different product and a different conversation. Additional collateral and subordinate financing are both considered before it comes to that.
Can you get an investment property loan without tax returns?
Yes. Tax returns are not required or reviewed on this program, and neither are W-2s or pay stubs. Self-employed investors, investors who show little taxable income after depreciation and expenses, and investors whose returns are not yet filed can all be evaluated under the same program guidelines.
Do stated income loans require a DSCR?
Residential investment property carries no DSCR requirement at all. A one to four unit rental does not need to reach a coverage ratio to qualify, which is one of the clearest differences between this program and many DSCR loan programs. Commercial loans under $750,000 also carry no DSCR requirement. At $750,000 and above the target is above 1.00, and ratios from roughly 0.75 to 0.99 can be considered through an underwriting exception.
Who qualifies for a stated income loan?
Qualification focuses on the property and the transaction rather than the borrower's paperwork. There is no minimum credit score and no minimum investor experience. First-time investors are eligible, with the applicable maximum leverage reduced by five percentage points on a first investment transaction. Real estate obligations reported on credit must be current when the new financing closes. A personal guarantee is required, and the financing must be business purpose. One limit is worth naming, which is that a borrower who has never owned real estate cannot purchase a single-family investment property under this program.
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Stated income is the investor route into GreenBridge long-term financing. If the financing is for your operating business rather than an investment property transaction, with real estate securing the loan, secured business loans is the page written for you, whether the collateral is the building your business operates from or several properties pledged together. If the property is in active foreclosure, see foreclosure bailout loans. An active bankruptcy has to be discharged before long-term financing is available, and a short-term structure is usually what bridges the gap.
What property types and locations are eligible?
Eligible residential investment property is single-family homes, condominiums, townhouses and two to four unit buildings, all strictly non-owner-occupied. Primary residences are not eligible on this program.
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Eligible commercial property is multifamily of five or more units, mixed-use, office, retail, strip retail, warehouse and light industrial, self-storage, commercial condominium, automotive and daycare. Residential and multifamily property is financed as non-owner-occupied. If the building is one your own business operates from, secured business loans is the better starting point.
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GreenBridge lends in 31 states. Property location, marketability and comparable sales support are considered on every transaction. A property outside a major metropolitan area can still qualify on the strength of the surrounding market, the available comparable sales, and the overall file.
How much can you borrow with a stated income loan?
Loan amounts run from $75,000 to $10,000,000. Loans above $2,000,000 on one to four unit residential property are reviewed case by case. Commercial loans run from $100,000 to $5,000,000.
Maximum leverage is up to 75% loan-to-value on eligible residential investment property, on multifamily of five or more units and on mixed-use. Other commercial property caps at 70%. A first investment transaction reduces the applicable ceiling by five percentage points.
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Credit moves leverage rather than eligibility. A strong profile can reach the full applicable maximum for the property type, and a weaker one typically reduces the leverage and pricing available rather than closing the program off. At the low end of the range, maximum leverage is generally around 50 percent. Where a particular file lands depends on the whole picture rather than on the score by itself.
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Eligible transactions can reach 90% combined loan-to-value with subordinate financing, most often a seller-held second mortgage on a purchase. A 75% first lien alongside a 15% seller second leaves 10% cash down. The GreenBridge first lien has to stay inside its own limit, so subordinate financing raises combined leverage without raising the first-lien cap.
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Where the subject property alone does not support the request, additional eligible real estate can sometimes be pledged and leverage evaluated across the combined collateral. A high loan-to-value on one property is not automatically the end of the conversation.
What loan terms are available on a stated income loan?
The standard structure is a 30-year fixed-rate loan, fully amortizing, with principal and interest. The rate is fixed for the life of the loan.
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Shorter amortizations of 15, 20 and 25 years are available. Choosing a shorter term does not by itself change the interest rate, so the trade is a higher monthly payment against less interest paid over the life of the loan.
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An interest-only period of one to ten years can be selected on an eligible 30-year structure. When the interest-only period ends, the remaining balance amortizes over whatever is left of the term at the same rate. Ten years of interest only on a 30-year loan leaves 20 years of principal and interest.
How fast can a stated income loan close?
Initial approval is generally issued within one to two business days of a completed application and the initial underwriting documents. A clean transaction often closes in approximately 10 to 15 business days, when the borrower, the title company and the appraisal all move promptly. The last three to five business days of that window are final clearance and closing, which begins once every borrower condition, title item, and the appraisal are complete.
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An appraisal is always required on this program, and appraisal and title work are the usual drivers of the overall timeline. The common delays are borrower document turnaround, appraisal scheduling and access, title defects or liens, payoff figures, insurance, entity documents and condominium or homeowners association items.
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If the transaction has to close in days rather than weeks, long-term financing is the wrong tool for that timeline. See bridge loans or hard money loans instead.
What does a stated income loan cost?
Rates start at 7.54% on qualifying purchase transactions and are quoted per transaction. Pricing moves with the property, the leverage, the credit profile and the current rate sheet.
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Underwriting is $1,995 on residential and $2,995 on commercial. Processing is $995 under $100,000, $495 from $100,000 to $249,999, and waived at $250,000 and above. Origination follows the current GreenBridge fee schedule and is disclosed with your loan terms.
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The standard prepayment penalty is a five-year declining structure, 5% in year one stepping down to 1% in year five. The period can generally be shortened to as little as one year at roughly 0.375 points for each year removed, though shortening the period does not reduce the year-one percentage. For one to six unit properties vested in an individual borrower in New Jersey or Pennsylvania there is no prepayment penalty, and pricing is typically higher in those scenarios.
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Checking eligibility does not affect your credit score. Prequalification and initial pricing run without a score-impacting credit pull, and a credit report is pulled later in underwriting before the loan can fund.
What documentation does a stated income loan require?
Stated income describes what is not collected, which leaves the more useful question of what actually gets underwritten. Both halves are worth knowing before you apply.
What is not required: No W-2s. No pay stubs. No personal tax returns. No debt-to-income ratio. No minimum credit score. No DSCR requirement on residential, and none on commercial loans under $750,000. No minimum investor experience. An income figure is collected on the application and is not verified.
What is required: The appraisal, which is always required, and the leverage that the appraised value supports. The credit profile, which primarily sets how much leverage and what pricing are available rather than imposing a minimum score. The property type, the location, and the comparable sales that establish marketability. The structure of the transaction, including any subordinate financing or additional collateral pledged. At funding, title, insurance, identity documentation and entity documentation where applicable.
Common situations
Borrowers come to GreenBridge because a bank has already said no, and the reason is different every time. The following are anonymized examples of transactions GreenBridge has worked on. Details have been changed to protect borrower privacy.
A maturing renovation loan on a property he no longer wanted to sell
The situation
The borrower came to us saying he could not show income. His tax returns did not give a clear picture of his finances, and bank statements were no better, because what he earned moved sharply from one month to the next. He had taken a renovation loan intending to flip, then decided halfway through the work that he wanted to hold the property instead. The loan was approaching maturity with no sale behind it to pay it off, and he had found a multifamily building larger than anything he already owned that he could not fund without the sale proceeds he was no longer going to receive.
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How we made it work
Income was never part of the review. There is no debt-to-income calculation on this program and no residential DSCR requirement, so nothing he was unable to produce was ever needed. He held two other rentals, one owned free and clear and one with roughly 55 percent still owed, both already tenanted. All three properties were appraised and the financing was written as a single blanket loan across them. That paid off the maturing lender, consolidated three properties into one loan with one payment, and pulled cash out against the combined value, which became the down payment on the multifamily that GreenBridge financed separately.​​
​​Five days out of a bankruptcy
The situation
The borrower wanted to take cash out of a rental he already owned. His bankruptcy had been discharged five days earlier. A discharge that recent narrows long-term options sharply, and he came in expecting that short-term money would be his only realistic path.
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How we made it work
The equity position carried the file. A discharge can be reviewed as soon as it is complete, and at conservative leverage a recent bankruptcy does not force a borrower into a short-term structure. He took his cash out on a 30-year fixed rather than a bridge loan, which left him with a predictable payment instead of another maturity date to plan around.​
A 480 credit score and not enough cash
The situation
The borrower had just sold one investment property and wanted to buy another. Every mortgage he held was current. His score sat at 480 because of credit card late payments and high utilization, which is a different problem from missing mortgage payments but reads the same to an underwriting system. A score like that usually points a borrower toward short-term money and a far larger down payment than he had set aside. He still wanted to buy.
How we made it work
On this file, paying the cards down first would not have solved the problem in front of him. The late payments would have stayed on the report either way, the score would not have recovered far enough in time, and the money would have come straight out of his down payment. Instead he asked the seller to carry a 40 percent second, and the seller agreed. GreenBridge came in at 50 percent as the first lien, the seller second brought combined leverage to 90 percent, and the borrower put 10 percent down. After closing he used what was left over to clean up the credit cards. Two years later his profile had recovered far enough to refinance both loans into a single bank loan on better terms.
FAQs
What does stated income mean?
Can I purchase, refinance or take cash out?
What credit score is required?
Will checking my eligibility affect my credit score?
Do stated income loans have occupancy requirements?
Can I buy an investment property with only 10% down?
Are there prepayment penalties?
Can I use a stated income loan for my primary residence?
What states do you lend in?
What can a bridge loan be used for?
About GreenBridge Loans
GreenBridge Loans has been arranging financing for real estate investors and business owners since 2020. We lend on business-purpose transactions only, on investment and commercial real estate. Where a scenario fits our own guidelines we fund it directly, and where it does not we may be able to arrange financing through the GreenBridge Lending Network.
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Last materially updated on September 19, 2026.