Commercial Low Doc Loan

Similar to residential, low doc commercial loans are for both owner occupied and investors. Because income is self-verified by the applicant there is no requirement to provide tax returns or financial reports. Given the higher rental yield on commercial properties, approval can be based solely on the income from the security property.

This product offering appeals to applicants who:

• Are self-employed.

• Experience uneven cash flow.

• Have difficulty in separating their personal and business cash flows.

• Do not have up to date financial statements.

While income is not verified, all other lending criteria and guidelines must be satisfied.

Most low documentation commercial loans offer the same functionality as full documentation loans.