Bank Statement Program

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Bank Statement Program

Bank Statement Program

Created for self-employed borrowers to purchase or refinance. Since tax returns are not required, this could be a great option for credit worthy self-employed homebuyers!

  • Up to 90% LTV
  • Credit scores starting at 600
  • Two years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
  • No tax returns required
  • Loans up to $3 million
  • Two years self-employed required
  • 1099 option available
  • 40 year fixed rate interest only available
  • Purchase and cash-out or rate-term refinance
  • 12 or 24 months business bank statements (must own at least 50% of the business)
  • 12 or 24 months personal bank statements (must own at least 25% of the business)
  • Owner-occupied, second homes and non-owner occupied
  • Non-warrantable condos OK

Our Statement mortgage program is the perfect option for self-employed borrowers who need an alternative method to show the true cash flow of their business. Borrowers do not have to own 100% of the business. Self-employed borrowers represent an underserved market in the mortgage industry. Our Bank statement program provides a loan solution to help underserved credit-worthy self-employed borrowers who otherwise would not qualify for a home loan.

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