Six Month Bank Statement Loan - 680 Credit Score
Designed for investors, this Bank Statement Loan program is ideal for borrowers that have experienced significant growth in revenue in the previous 6 months in contrast to the previous 6 - 24 months. If we do not want an underwriter to see months 6 through 12, this might be the solution for you.
"Reduced Doc" Alternative Income Documentation
- 6 Months Bank Statements in Lieu of Conventional Income Documentation such as Tax Returns, W2's, etc.
- Debt-Service Coverage Ratio DSCR for Non-Owner Occupied
- Interest-Only Available (Interest-Only Payment)
Jumbo Loan Amount: $4,000,000
Employment Type:
Self Employed
Verification of Employment (VOE)
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Business organizational paperwork
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Business License
Investment Property/Owner-Occupied
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Purchase: $1,500,000 - 25% Down Payment
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Refinance Rate/Term: $1,500,000 - 75% LTV
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Refinance Cash Out: $1,000,000
Second Homes
- Refinance Cash Out: $1,000,000 - 75% LTV
Investment/Non-Owner Occupied
- Purchase: $1,000,000 - 30% Down Payment
- Refinance Rate/Term: $1,000,000 - 70% LTV
- Refinance Cash Out: $5,000,000
| Mortgage Pre-Qualification - Without a Credit Check |
Available in the Following States:
Alabama, Arizona, California, Colorado, Florida, Georgia, Hawaii, Illinois, Maryland, Massachusetts, Mississippi, Nevada, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, Tennessee, Texas, Virginia, and Washington