6 Months Bank Statements – 660 Minimum Mortgage Credit Score
Personal or Business account statements can be used with any qualified assets with a credit score of 660 to a maximum loan-to-value ratio (LTV) of 85%. Details below:
Alternative Bank Statement Income Documentation
Self-Employed & Commission Business Professionals, this 6 Month Super Jumbo Bank Statement Non-Qualified Mortgage (non-qualified-mortgages) (Non-QM) loan program is for all residential property types and occupancy types including investment properties. Credit Score, LTV, Loan Amount, Occupancy, Property Type Matrix:
Purchase & R/T Refinance: Single Family Residence – Owner-Occupied:
| Loan Amount | Loan-to-Value | Credit Score |
|---|---|---|
| $4,000,000 | 85% LTV | 740 |
| $3,500,000 | 85% LTV | 720 |
| $3,000,000 | 80% LTV | 700 |
| $2,500,000 | 75% LTV | 680 |
| $1,500,000 | 75% LTV | 660 |
Cash Out Refinance: Single Family Residence/ Owner-Occupied:
| Loan Amount | Loan-to-Value | Credit Score |
|---|---|---|
| $3,500,000 | 85% LTV | 740 |
| $3,000,000 | 85% LTV | 720 |
| $2,500,000 | 80% LTV | 700 |
| $2,000,000 | 80% LTV | 680 |
| $1,500,000 | 75% LTV | 660 |
| Eligible Property Types | Eligible Occupancies |
|---|---|
| * Single Family Residence (SFR) * Condominiums * Non-Warrantable Condos * Planned Urban Development (PUD’s) * Duplex * Triplex * 4 Unit | * Owner-Occupied/Primary Residence * Owner-Occupied/Investment Property * Second Homes * Investment Properties (10 Maximum REO) * Owner-Occupied/Primary Residence * Second Homes * Investment Properties (10 Maximum REO) |
Investment Property | LTV – Loan Amounts
* 70% LTV – $2,000,000
* 65% LTV – $2,500,000
* 60% LTV – $3,000,000
Second Home | LTV – Loan Amounts
* 80% LTV – $3,000,000
* 75% LTV – $3,500,000
* 70% LTV – $4,000,000
Available in the Following States:
Alabama, Arizona, California, Colorado, Florida, Georgia, Hawaii, Illinois, Iowa, Maine, Maryland, Massachusetts, Nevada, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington.