Multiple Account Niche Bank Statement Mortgage
If it is your bank statements that are holding you back from an approval, this could be the solution loan program for you.
Borrower Prepared Profit and Loss Statement
In Lieu of your tax returns, the Borrower Prepared Profit and Loss + 3 months most recent business bank account is applicable to some of our bank statement loan programs.
Alt Doc Leverage and Buying Power
Business and Personal Bank Accounts: 100% of your Business and Personal, intermingled Accounts along with and unaudited, Borrower Prepared Profit and Loss Statement to help you qualify for an Alt Doc Bank Statement mortgage loan.
Non Prime Bank Statement Loan – 640 Credit Score to 85% LTV
How Can I Qualify?
Qualification is based on a 24-month average of all net deposits, business deductions not subtracted; making it a little easier for a self-employed borrower to qualify for a bank statement mortgage home loan. Requirements for this articulate loan program below. See a list of all of our loan programs (Programs We Offer).
Purchase Loan – Single Family Residence/Owner-Occupied:
| 580 Credit Score | 640 Credit Score | 660 Credit Score |
|---|---|---|
| 90% LTV – $1,000,000 | 85% LTV – $2,000,000 | 80% LTV – $2,000,000 |
| 85% LTV – $1,500,000 | 80% LTV – $2,500,000 | 75% LTV – $2,500,000 |
| 80% LTV – $2,000,000 | 75% LTV – $3,000,000 | 70% LTV – $3,000,000 |
| 70% LTV – $2,500,000 | 70% LTV – $3,500,000 | 70% LTV – $3,000,000 |
Cash Out Refinance – Single Family Residence/Owner-Occupied:
| 580 Credit Score | 640 Credit Score | 660 Credit Score | 680 Credit Score |
|---|---|---|---|
| 80% LTV – $1,000,000 | 85% LTV – $1,000,000 | 85% LTV – $1,500,000 | 85% LTV – $2,500,000 |
| 75% LTV – $1,500,000 | 80% LTV – $1,500,000 | 80% LTV – $2,500,000 | 75% LTV – $3,500,000 |
| 70% LTV – $2,000,000 | 75% LTV – $2,500,000 | 75% LTV – $3,000,000 | 70% LTV – $4,000,000 |
Eligible Occupancies: Owner-Occupied & Second Home. See list of most Investment Property loan programs.
Eligible Property Types: Single Family Residence, Condominiums (warrantable & non-warrantable)
Eligible Liquid Assets: Stocks + Bonds + Retirement Vested** + Money Market Funds + Trust Accounts + Interest/Dividends
Required Credit Criteria:
- Housing Payment History
- Mortgage / Rent – No 90-day Lates in the Previous Year
- Minimum Tradeline Requirements:
- 3 Tradelines – 1 Year Active History, or 2 Tradelines – 2 Year Active History
- Housing and Life Event Seasoning:
- Bankruptcy –
- Chapter 13 – Discharged – 1 Day
- Chapter 7 – Discharged – 1 Day
- Foreclosure – 1 Day
- Short Sale & DIL – 1 Day
Available in the Following States:
Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Maine, Maryland, Nevada, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.