Unconventional Mortgages (800) 718-8906

Unconventional Mortgages and Loans

(800) 718-8906

Unconventional Mortgages - A Wealth of Information Resource & Service: (800) 718-8906


3 Month Bank Statement Program

3 Month Bank Statement – 2023

Uniquely designed for Self-Employed borrowers are ideal when the borrower has experienced an exceptional previous 3 months, for example. For this reason, 3 months bank statements can be optimal opposed to our standard 12 or 24 months. Also available, 1 month (first page only), 2 months, including the 6-month programs. Highlights below:

* Short Term Bank Statement Product

* Jumbo and Super Jumbo Loan Amounts to $10,000,000

* Maximum Loan-to-Value – 85% LTV

* Owner-Occupied

* Minimum Credit Score – 85%

* Self-Employed >25% Ownership Required

* Appraisal Transfers – OK

* First Time Buyer OK to 75% Maximum LTV

“Lite Doc” “Reduce Doc”

* No Tax Transcripts/4506 C (previously 4506-T)

* Profit & Loss Statement (P&L) Not Required

* 2 Years Self-Employed (Lite Doc; Reduced Doc not available)

* Requires >20% Ownership (exceptions made when borrower has a full time, seasoned W2 job (same field)

* Personal or Business Bank Statements or Both

* 80% LTV Maximum

* 640 FICO (exceptions made to 640 credit score with compensating factors)

* Primary or Second Home

* 55% DTI OK

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin.