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)

  • Business organizational paperwork

  • Business License

Investment Property/Owner-Occupied

  • Purchase: $1,500,000 - 25% Down Payment

  • Refinance Rate/Term: $1,500,000 - 75% LTV

  • 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