3 Month Bank Statement Loan Program – 2024
Our flexible loan options cater to those who have had an exceptional last 3 months. Instead of the standard 12 or 24 months, providing 3 months of bank statements can be more advantageous. We also offer options for 1-month, 3-month, and 6-month bank statement programs to suit you for whatever reason.
Self- Employed borrowers: Utilize your previous 3 months either business bank account or (co- mingle by guideline exception depending on how you personally run your business) personal account bank statements to qualify for your next Non-QM mortgage home loan.
Perfect for those seeking an easier loan approval with less documentation.
3 Month Bank Statement Loan Highlights:
* Jumbo and Super Jumbo Loan Amounts to $10,000,000
* Maximum Loan-to-Value – 85% LTV
* Owner-Occupied and Non-Owner-Occupied OK
* Minimum Credit Score – 660
* 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
* 85% LTV Maximum
* 660 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.