Can we still get a low-doc or stated income loan?
We have an income property (rental units) listed for sale. Whenever it sells, we’ve planned on doing a 1031 exchange to purchase a different income/investment property.
We’re self-employed, and with our situation would need a low-doc or stated income type of loan, which is the type we’ve always gotten during the past 20 years. We’d have at least a 20% down payment, and we have high credit scores. Would it still be possible for us to get a loan to purchase another rental/investment property?