ALT Income Bank Statement Program
No need to ever amend a self-employed client’s taxes for mortgage qualification.
- No tax returns
- No signing a 4506-T form
- No mortgage insurance required
- Purchase and cash-out or rate-term refinance
- Jumbo loans up to $3,000,000
- Up to 90% loan to value
How We Calculate Income
- Business Bank Statements: Total deposits, less business expense ratio, annualized, multiplied by the % of ownership
- Personal Bank Statements: Total deposits, less business expense ratio, annualized or 100% of deposits with two months business bank statements
- 1099 Statements: Total 1099 plus YTD earnings, less business expense ratio, annualized