low doc home loans
Creative Funding Solutions to Improve the Business Industry.
Leading Commercial Multi-Family Loans
and Lines of Credit Provider
100% Commercial Loan – Currently On Hold
Securities Line of Credit: Up to 98% of Value – No Credit Needed – New
Credit Lines: Personal Business – Start Up Business Available
Business Hard Money Credit Line – Low Scores Accepted
**Please Submit a Scenario Online and Read FAQs 1st.**
Broker Enterprise concentrates on providing excellent commercial mortgage loans. Our services includes a wide variety of commercial loans from hotels to buildings to apartments. Broker Enterprise provides a low cost, BEST for source solution for apartment loans and commercial property loans from $100,000 to well over $10 million.
Broker Enterprise has the capabilities to provide 100% creative financing loan if the project qualify. Broker Enterprise provide both Full Documentation loans and Stated Income loans where the applicant can venture into our 100% creative financing loan.
Does 100% mean not a penny out of pocket? Applicants must understand commercial loans involve lots of due diligence and paperwork concerning hundred of thousands to hundreds of millions of dollars. Applicants must be ready to absorb hard costs such as a commercial appraisal (+ $2500 min.), survey, inspection(s), and maybe a Phase I or greater, plus earnest money deposit. Easily the applicants must be ready to have a minimum of $10,000 to approach the seller. Refinancing cash out or rate and term usually requires much less.
Full Documentation Loan refers to a loan where all income and assets are documented. It is typically referred to as a full doc loan in the mortgage industry and is a common type of loan used for financing a home and commercial purchase or refinance.
Stated Income Documentation loan is a mortgage where the lender does not verify the borrower’s income, by looking at their pay stubs, W-2 forms, income tax returns, or other records. Instead, borrowers are simply asked to state their income, and taken at their word. No Asset Verification available.