Find the right loan
option for you
bank statements only loans
starting at
6.125%
6.37% APR
*Rates are subject to change
profit and Loss Statement loans
starting at
6.25%
6.49% APR
*Rates are subject to change
No Income Verification Loans
starting at
8.50%
8.85% APR
*Rates are subject to change
Program Details:
- No business or personal tax returns are needed
- Use business revenue by providing 12 or 24 months of bank statements
- Profit and Loss Statement Option – No bank statements needed
- No Income, No employment Verification Program Available
- Loan-to-value (LTV) up to 90% for purchases or rate and term refinance and up to 80% for cash-out refinances
- FICO score as low as 620
- Available for primary, second homes, or investment properties
- Choose between 30-year fixed or 5/7/10 ARM options
- Interest-only payment options available for flexibility
- Loan amounts up to $3,000,000
Program Details:
- LTV up 80% for Purchase and Rate & Term Refinance/ up to 75% for Cash-Out Refinances
- Minimum FICO 620
- P&L prepared by a licensed accountant required
- Avaliable for primary and second homes
- 30 Year Fixed and 5/7/10 ARM options
- Interest Only payment options
- Reserves 6 to 12 months of PITI – Cash-Out funds can be used as reserves!
- Loan Amount Limits: $200,000 to $3,000,000
Program Details:
- LTV up 75% for Purchase and Rate & Term Refinance. Up to 65% for Cash-Out Refinance.
- Minimum FICO credit Score: 640+
- No income or employment Documentation Required
- Just One Month bank statement for Proof of Funds
- Available for primary and second homes
- 30-Year Fixed and 5/7/10 ARM options
- Interest-Only payment options.
- Reserves: 12 to 24 Months of PITI (Based on borrower’s
FICO) – Cash-Out funds can be used as reserves! - Loan Amount Limits: $200,000 to $3,000,000
Find the right loan
option for you
bank statements only loans
starting at
6.125%
6.41% APR
*Rates are subject to change
Program Details:
- No business or personal tax returns are needed
- Use business revenue by providing 12 or 24 months of bank statements
- Profit and Loss Statement Option – No bank statements needed
- No Income, No employment Verification Program Available
- Loan-to-value (LTV) up to 90% for purchases or rate and term refinance and up to 80% for cash-out refinances
- FICO score as low as 620
- Available for primary, second homes, or investment properties
- Choose between 30-year fixed or 5/7/10 ARM options
- Interest-only payment options available for flexibility
- Loan amounts up to $3,000,000
profit and Loss Statement loans
starting at
6.25%
6.39% APR
*Rates are subject to change
Program Details:
- LTV up 80% for Purchase and Rate & Term Refinance/ up to 75% for Cash-Out Refinances
- Minimum FICO 620
- P&L prepared by a licensed accountant required
- Avaliable for primary and second homes
- 30 Year Fixed and 5/7/10 ARM options
- Interest Only payment options
- Reserves 6 to 12 months of PITI – Cash-Out funds can be used as reserves!
- Loan Amount Limits: $200,000 to $3,000,000
No Income Verification Loans
starting at
8.50%
8.85% APR
*Rates are subject to change
Program Details:
- LTV up 75% for Purchase and Rate & Term Refinance. Up to 65% for Cash-Out Refinance.
- Minimum FICO credit Score: 640+
- No income or employment Documentation Required
- Just One Month bank statement for Proof of Funds
- Available for primary and second homes
- 30-Year Fixed and 5/7/10 ARM options
- Interest-Only payment options.
- Reserves: 12 to 24 Months of PITI (Based on borrower’s
FICO) – Cash-Out funds can be used as reserves! - Loan Amount Limits: $200,000 to $3,000,000
Fill out the form for a free
PERSONALIZED QUOTE
Your home
financing
journey starts here
Step 1 of 3
Pre-Qualification Consultation
Start with a quick phone consultation to discuss your needs and outline a strategy for selecting the best loan options.
Step 2 of 3
Quote
Receive a customized loan quote tailored to your financial situation and goals.
Step 3 of 3
why lending place best
mortgage solutions
Wide Range of Loan Products
From traditional to unique loan options, LendingPlace has a solution tailored for every need.
Rates
We offer some of the most competitive rates in the market, ensuring you get the best deal for your home financing.
Exceptional Customer Service
WHAT OUR
CLIENTS SAY...
Frequently Asked Questions
Please Click Here to complete a short form for same day qalification.
Although a traditional timeline to close a loan is about 4 weeks, in many cases, we are able to fund a mortgage in as little as 14 days! Note that the timeline can vary based on the program, borrower’s qualifications and complexity of their loan structure. Once your completed application is received, we will provide an estimate of a timeline for your specific loan. LendingPlace ensures efficient processing, guiding you through the entire journey from application to closing.
LendingPlace offers a wide range of conventional and non-traditional mortgage programs. Depending on the program, you may not need to submit your personal or business tax returns. For example, Bank Statement, P&L only or 1099 Only loan programs do not require verification of borrower’s personal income. Also DSCR and No Income, No Employment programs, do not require verification of income or employment.
Minimum Down payments requirement depends on the loan program and borrower’s qualifications. For example, an FHA borrower can potentially buy a home with 3.5% or even 0 downpayment. Conventional loans usually require at least 5% down payment, to qualify for a Bank Statements loan, at least 10% is needed, while Jumbo, DSCR and other Non QM loan programs require at least 20% down payment. It’s best to contact your LendingPlace loan officer to discuss the specifics of your loan scenario and down payment options.
Yes, LendingPlace offers tailored programs for self-employed individuals, such as Bank Statement Only, P&L Only, 1099 Only or DSCR loans, which allow you to qualify without providing tax returns or W-2s.
Please contact a LendingPlace loan officer to receive a no obligation rate quote for your specific loan scenario.
LendingPlace offers a range of non-traditional loan products for borrowers who don’t fit the requirements for conventional loans. If you recently applied for a mortgage and were turned down, call a LendingPlace loan officer today to see if we have an alternative option for you.
If you are buying an investment property, current and future rental income can be used to help you qualify.
Yes, you can refinance your current property to access your equity. This is a popular option for someone who is looking to consolidate their debt, remodel their home, purchase a second home or an investment property, and expand their business or just need money for some other project.
COMPLETE FOR A FREE
PERSONALIZED QUOTE
NMLS ID: 2003033
FL LIC: MBR4920
CA LIC: 60DBO-116526
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Rates are a subject to change. Conditions Apply. Not everyone will qualify. Minimum loan amount: $200,000. LendingPlace is a subsidiary of LendingPlace, Inc. NMLS ID: 2003033 licensed as a broker in California by DFPI Lic: 60DBO-116526 and in Florida Lic: MBR4920.