Lite Doc Loans

Commercial Lending USA established its standing as a top mortgage broker through determination and hard work to find the best product tailored to the specific needs of every one of our customers. Many of our self-employed borrowers have difficulty obtaining loans because they cannot prove their income with the proper documentation that proves their income, such as W-2s and income tax returns, to meet the requirements of underwriting that other lenders impose. We have a solution for self-employed borrowers through our loan program lite-doc.

Commercial Lending USA can provide financing for the self-employed.

Self-employed borrowers cannot provide tax returns, W-2s paystubs, or other evidence of earnings that salaried workers can provide to lenders. Our lite doc loans are the best option for anyone in all of the following groups of employees:

  • Retail store owners, as well as other small-scale enterprises.
  • Restaurant owners.
  • Consultants.
  • Investors.
  • Licensed real estate agents and brokers.
  • Drivers for Lyft or Uber.
  • Taxi and chauffeurs of limousines.
  • Barbers, hairstylists, and stylists.
  • Legal professionals who are licensed, including doctors and attorneys.

The borrower who requires flexibility in the application, underwriting, and documentation procedures that other lenders cannot offer will find through the loan program Lite-Doc provided by Commercial Lending USA.

Solutions for those who do not have the traditional documentation

Our lite-doc loan is the ideal solution for self-employed people who have excellent credit but cannot provide the documentation of income needed by banks and other lenders. We only require the borrower to be self-employed for at least one year and have been in the same field of work for at least two years. For instance, taxi drivers who leave after one year of working for a taxi company to drive for Uber and Lyft for one year will be eligible for our”lite-doc” loan.

We require that applicants provide us with an earnings statement or report for the past 12 months before applying. Contrary to other loan programs, applicants who apply for lite-doc loans do not provide twelve months of bank statements to show their income.

Get in touch with us right now.

At Commercial Lending USA, Our loan professionals are aware of the difficulties the self-employed borrower faces and strive to offer solutions. The lite-doc loan program acknowledges that people with good credit scores shouldn’t be disqualified from the possibility of borrowing funds at fair rates because of their inability to adhere to standard guidelines for underwriting.

Learn more about our lite-doc loan by contacting any of our loan agents.

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