Are you looking to invest in real estate in the Chicagoland area, elsewhere in Illinois, Indiana, Florida, Michigan or Wisconsin? If so, you can speed through the process quickly and easily by applying for a no income verification investor loan.
How Does It Work?
With the traditional loan application process, you need to prove your income to move forward by providing a W-2. This process can be tedious and time-consuming. In some cases, you may not have a W-2. In others, it could simply take too long. Hot properties fly off the market in Chicago. So, when you are ready to invest, you need to close fast.
A no income verification investor loan is the solution. Also called a “stated income loan,” or a “no doc” loan, this is a mortgage you can apply for without providing a W-2, bank statements, or other proof of your income.
Instead, we look at other factors when determining your eligibility, such as assets and the expected cash flow for the property you want to buy.
Benefits of No Income Verification Investor
Loans in Illinois
- We do not ask for paperwork you cannot provide. A bank might keep demanding a W-2, even if you do not have one. We work around such traditional requirements and keep the process moving forward.
- Less documentation makes for a rapid process. That way, you can close on the property you want before a competing buyer can get in their offer.
- No income verification loans are simple and painless, letting you focus on other aspects of the purchase process.
- We can adapt this flexible alternative loan process to your needs. There are multiple approaches we can take to assessing your qualifications.
Apply for a No Income Verification Investor
Are you ready to apply for a loan to purchase real estate in Illinois, Indiana, Florida, Michigan or Wisconsin with no income verification? MidAmerica Bancorp, Inc. can make it happen. To get started, please call us today at (708) 237-4050 to schedule your free consultation.