Google 5-Star Rated Direct Hard Money Lender
What Is a California Stated Income Loan?
Achieve your financial goals with the help of CA stated income loans from Source Capital. As lenders with a combined 40 years of experience, we’re committed to helping homeowners, real estate investors, and other property owners find financing solutions that meet their needs.
We’re here to help you get the funding you need. Contact us today to get started.
Recently Funded Deals in California
We’re proud of our fast funding and transparent approval process for California borrowers. Here are a few recently funded hard money loans in California:
These success stories highlight our commitment to short closing times, flexible loan terms, and a streamlined loan process—wherever you are in Southern California or the Bay Area.
Who Qualifies for a California Stated Income Mortgage?
- Self-employed professionals (freelancers, consultants, small-business owners) with 2+ years of consistent earnings.
- Real estate investors (single-family, duplex, multi-unit) using DSCR or no-ratio underwriting on rental income.
- Borrowers with 6-12 months of PITI in liquid reserves or sizable investment balances.
How California Stated Income Loans Work
Our streamlined process moves you from application to funding in five clear steps. Local underwriters ensure compliance with Dodd-Frank and state law, all without the hassle of W-2 and tax-return reviews. Whether you’re buying your primary home or an investment property, you’ll enjoy a fast, transparent experience.
Step 1: Quick Online Application
Getting approved for a California stated income loan through Source Capital starts with our simple application process. You can complete our quick online application in just a few minutes, or you can call us to apply over the phone. You’ll need to provide the following information:
- Personal and property details
- Stated income amount
- Desired loan terms
Once you’ve completed your application, you can use our secure portal to upload 12–24 months of personal or business bank statements and screenshots of reserve or investment accounts. You can also track the status of your loan through the online portal, so you can get your loan approved and funded as quickly as possible.
Step 4: Flexible Loan Terms and Rates
We offer flexible loan terms and rates, allowing you to choose the loan type best fits your needs. Interest-only loans allow you to make interest-only payments for a period of up to 2 years, so you can maximize your cash flow for investments and renovations.
Bridge loans offer short-term financing up to 65% LTV for purchase-and-rehab or portfolio bridging.
We strive to maintain transparency throughout the loan process, so we provide a clear rate sheet that includes clearly defined payment terms and loan details.
Step 5: Fast Close and Funding
Fast closing and funding is one of the biggest benefits of California stated income loans. 95% of applications close in under 10 days thanks to our simple loan process and local underwriting teams. You can get your loan funded in as little as 7-10 days, and we keep you in the loop with a dedicated loan officer and automatic status updates. As soon as your loan is approved, closed, or funded, you’ll know.
Step 4: Flexible Loan Terms and Rates
We offer flexible loan terms and rates, allowing you to choose the loan type best fits your needs. Interest-only loans allow you to make interest-only payments for a period of up to 2 years, so you can maximize your cash flow for investments and renovations.
Bridge loans offer short-term financing up to 65% LTV for purchase-and-rehab or portfolio bridging.
We strive to maintain transparency throughout the loan process, so we provide a clear rate sheet that includes clearly defined payment terms and loan details.
Step 5: Fast Close and Funding
Fast closing and funding is one of the biggest benefits of California stated income loans. 95% of applications close in under 10 days thanks to our simple loan process and local underwriting teams. You can get your loan funded in as little as 7-10 days, and we keep you in the loop with a dedicated loan officer and automatic status updates. As soon as your loan is approved, closed, or funded, you’ll know.
Client Testimonials
Benefits and Use Cases
There are a few different scenarios where you might consider a stated income loan. If you’re self-employed and lack traditional pay stubs, stated income loans offer alternative income verification methods.
High-LTV bridge loans help investors jump at time-sensitive deals, while interest-only solutions free up cash flow for improvements and other expenses.
If you don’t meet DTI requirements, no-ratio/DSCR verification allows you to secure a loan based on your rental income alone.
This flexibility gives California investors the power to do more.
Why Choose Source Capital for Your CA Stated Income Loan?
Over 15 Years of Proven Experience
We have extensive industry experience in hard money loans and understand complex income situations. Our expertise allows us to offer tailor-made financing solutions that perfectly meet your needs.
Competitive Rates and Transparent Fees
We commit to providing highly competitive rates and transparent terms. We’ll take the time to make sure you understand the details of your stated income loan in California.
Rapid and Responsive Service
Our streamlined in-house underwriting and dedicated team ensure fast loan approvals and timely funding, typically within days—not weeks or months like traditional lending institutions.
Exceptional Client Care
At Source Capital, every borrower receives personalized attention, clear communication, and guidance from start to finish. Our borrowers’ satisfaction is paramount.
Source Capital’s Stated Income Loan Offerings
At Source Capital, we pride ourselves on offering highly tailored loan products to meet your unique financial situation. Secure loans to satisfy your needs with terms including:
- Loan Amounts: We fund loans ranging from $100,000 to $5 million to meet a wide range of financial needs and borrower scenarios.
- Loan-to-Value (LTV) Ratios: Borrow up to 65% LTV on your first loan and 50% CLTV on your second mortgage from Source Capital.
- Competitive Interest Rates: Interest rates on stated income loans can reach 15% or higher. At Source Capital, our interest rates range from 8.99% to 11.99% to make these an accessible solution.
- Flexible Loan Terms: Our short term loans can range from 12 to 24 months. You’ll also benefit from interest-only payments throughout the duration of your loan and a single balloon payment at maturity.
Eligible Property Types
We finance various property types, including:
- Single-family residences
- Condominiums and townhomes
- Multi-family properties
- Commercial real estate
- Mixed-use properties
- Investment properties
Contact Source Capital Today for Your Stated Income Loan in California
Ready to discuss your stated income loan options? Our experts are standing by to deliver personalized financing solutions crafted specifically to your unique needs.
Choose Source Capital—your trusted, experienced partner in alternative lending solutions.
Contact Source Capital Today.
Stated Income Loans: FAQs
Can You Get a Loan with Stated Income?
Absolutely. Stated income loans allow you to declare your income without traditional documents, making it possible for individuals with non-standard incomes, such as self-employed or entrepreneurs, to secure financing.
Are Stated Income Loans Available Today?
Yes, stated income loans are available today. Source Capital offers these loans tailored for those with complex financial situations, providing flexible and competitive options for borrowers not fitting traditional financing.
What Credit Score Is Needed for a Stated Income Mortgage?
Unlike conventional loans, stated income loans are flexible and do not strictly require a credit score. At Source Capital, we focus on overall financial profiles and asset values rather than solely on credit scores.
Are Stated Income Loans Illegal?
No, stated income loans are legal. They are a legitimate alternative for borrowers with unique financial circumstances, such as the self-employed, ensuring they can access the funding they need responsibly.
What Documents Are Required for Stated Income Loans?
These loans require minimal documentation, such as proof of assets and the value of collateral property, instead of traditional income verification documents, streamlining the process for borrowers.
Can I Refinance Later into a Conventional Mortgage?
Yes, refinancing your stated income loan into a conventional mortgage is possible once you establish sufficient qualifying income documentation or other required standards from traditional lenders.
How Soon Can Stated Income Loans Close?
Stated income loans through Source Capital can close swiftly, typically within 7-10 days post-approval, allowing you to secure your real estate investments without delay.
How to Get Approved for a Bridge Loan
1. Apply Online
It takes minutes to complete our simple, online application to get prequalified for a loan.
2. Get Approval
After underwriting your loan, we will provide you a written Loan Commitment providing loan terms for approval.
3. Loan Funded
In a matter of days, not weeks like most lenders, the loan is funded through escrow and funds wired to you directly.
4. Pay Monthly
You make monthly payments via mail, phone or direct deposit. It’s that easy.
Get Funded Fast – Apply Today!
Provide us some brief information about your hard money needs and a decision maker will get back to you as soon as possible to discuss.
What We Offer
- Same Day Approvals
- Rates starting at 8.99% Interest
- Poor Credit OK
- No Debt to Income Requirements
- No Prepayment Penalties
- No Appraisal Fees
- $100,000 to $5,000,000 Loan Amounts
- Residential, Commercial, Industrial
- 1st & 2nd Trust Deeds
- Up to 65% Loan-to-Value (LTV)
- Up to 50% Combined LTV (2nd Loans)
- Closings in 7-10 Days
NOTE: All loans are secured by real estate in AZ, CA, CO, TX and MN ONLY. We do not fund unsecured loans or loans for personal use. Please call us at 888.251.0861 if you are unsure of these parameters.
515 South Flower Street, 18th Floor
Los Angeles, CA 90071
Los Angeles, CA 90071
18205 N 51st Ave, Suite 115
Glendale, AZ 85308
Glendale, AZ 85308
600 West Broadway, Suite 700
San Diego, CA 92101
San Diego, CA 92101
121 Washington Ave N 4th Floor
Minneapolis, MN 55401
Minneapolis, MN 55401
325 North St. Paul Street, Suite 3100
Dallas, TX 75201
Dallas, TX 75201
110 16th Street, Suite 1400
Denver, CO 80202
Denver, CO 80202
MB#0938454 | CA BRE# 01796521 | NMLS# 237332
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