Also called a "stated income loan" or "no-doc mortgage," is a type of loan designed for churches seeking financing for construction or renovation projects where traditional income verification, such as W-2s, pay stubs, or tax returns, may be difficult to obtain or doesn't fully represent the church's financial health.
Best For:
- Borrowers with a solid credit history & strong assets.
- Credit Score: 650+
- Loan Amount: $100K - $4MM
