Utilize the Cash Flow of Both your Business Account as well your Personal Bank Accounts to Qualify

Bank Statement Loan - 580  Credit Score

Non-Prime Bank Statement Loan

Credit Score - Loan-to-Value - Max Loan Amount:

  • 580 - 75% LTV -- $1,500,000   |   70% LTV -- $2,000,000
  • 640 - 85% LTV -- $2,000,000   |   80% LTV -- $2,500,000
  • 660 85% LTV -- $2,500,000   |   70% LTV -- $3,500,000

 

Cash Out Refinance:

  • 580 75% LTV -- $1,500,000   |   70% LTV -- $2,000,000
  • 640 - 80% LTV -- $1,500,000   |   75% LTV -- $2,500,000
  • 660 80% LTV -- $1,500,000   |   75% LTV -- $2,500,000
  • 680 - 60% LTV -- $3,500,000   |

 

Occupancies: Owner-Occupied  Second Home.

Property Types: Single Family Residence  |  Condo | Duplex  |  4 Unit

Eligible Assets - Stocks   |   Bonds   |   Retirement Vested**   |   Money Market Funds   |   Trust Accounts   |   Interest/Dividends

 

Required Credit:

Housing History -- Mortgage / Rent - No 90-day Lates in the Previous Year

  • Minimum Tradeline Requirements:
    • 3 Tradelines -- 1 Year History, or
    • 2 Tradelines -- 2 Year History

Housing Event Seasoning:

  • Chapter 13 -- Discharged -- 12 Months from Discharged date
  • Chapter 13 -- Dismissed -- 1 Day
  • Chapter  7 -- Discharged -- 12 Months from Discharged date
  • Foreclosure -- 12 Months from Discharged date
  • Short Sale & DIL -- 1 Day

 

 

Referrence# 114 102619 g