Insignia Mortage

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No Tax Return Loans

The Ideal Mix of Customized Products and Core Expertise for the Self-Employed and Recently Retired.

Insignia Mortgage structures customized no-tax return loan programs for the self-employed, for real estate professionals, and for retired borrowers who have excellent credit and strong liquid reserves, and/or, other balance sheet assets. Whether you are looking to purchase a new home, refinance an existing home, or take cash out from your home, Insignia Mortgage has access to a variety of lending sources to match clients’ unique financials with the most discerning lenders.

  • Ideal for investors who are self-employed, have very complex financials or are retired. Stated income options are available in certain circumstances with attractive rates.
  • Primary, vacation, and investment properties are eligible.
  • Loans from $500K to $25 million and loan-to-value (LTV) up to 90% of property value.
  • One-year tax return, CPA-prepared financial statement, and 12-month bank statement jumbo loan programs available.
  • Non-traditional underwriting: income statement and balance sheet analyzed including non-liquid assets such as real estate assets, private stock, and art.
  • Revocable, Irrevocable, LLC, LP or corporate entity structures all welcome.
  • 1031 Exchange transactions with loan made to entity permitted.
  • Unique solutions for adjustable rate mortgages (ARM’s) that are about to or have reset to a higher interest rate, including long-term interest only loan options.
  • One-year tax return, CPA-prepared financial statement, stated income business purpose and 12-month bank statement jumbo loan programs available.

Our No Tax Return Program utilizes the following alternative financial documentation:

Recent self-employed
income verification.
CPA-prepared
profit-and-loss
statements and balance
sheet.
Divorce and retiree
income.
Real estate schedules
and liquid asset
statements.
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Transaction Spotlight

The Situation

We recently helped a client who had already owned over 25 different tax entities and over 20 different properties to purchase a $8.5 million primary residence with 55% lender financing.

The Solution

Insignia Mortgage underwrote the cash flow and approximate net equity in borrower’s real estate holdings, and verified the down payment from several business bank accounts. A vesting structure was set up to a corporation with a foreign trust as the beneficiary.

The Loan Details

  • $4.75 million loan amount
  • 7/1 ARM
  • 3.788% APR
  • No prepayment penalty on a 30-year term
  • 40-day close of escrow
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