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Updated over 4 years ago on . Most recent reply

Stated Income / No Doc / International Loans (CA, Los Angeles)
I am in the process of helping my parents buy a house in Los Angeles, CA. However, as my parents have international income they are struggling to work with traditional financing.
Context on their situation / status:
- 80% LTV target -
~$2M home in Los Angeles city under escrow (~45 days until closing) -
~$100k W2 salary they pay themselves -
~$300k international income
- More than 24 months' PTI reserves in cash after 20% down
- US Citizens
Anyone have any nodoc / stated income / international income friendly lenders that they would recommend that are active in the Los Angeles market that might work for our situation? Any and all references welcome, thank you!