Maybe everyone knows about this program; it's called DSCR which stands for Debt Service Coverage Ratio. So, depending on what your cash flow is, qualifying is based on what your RENTAL income vs. debt service is. Even if you are operating at a loss you might be able to still get financing. This is as close to Stated Income as you can find. Even if your property is vacant you might qualify. This just works for 1-4 units. Criteria is based on fico scores and LTV. Maximum LTV is usually 85%.
Orange County, California