Bank Statement Mortgage Program for Self-Employed Borrowers
Purchase, Rate/Term, and Cash-Out – Up to $12,000,000
Key Benefits of Bank Statement Mortgages
* Accepts Personal and Business Bank Statements
* Borrower-prepared (unaudited) P&L supported by the most recent three months of Business Bank Statements
* Additional Income Sources may be used to increase qualifying income
* Asset Depletion accepted to supplement income and satisfy Ability-to-Repay (ATR) requirements
* 1099 Only Option – Use 1099 income alone or in combination with bank statements and/or asset depletion (Multiple 1099s allowed)
Bank Statement Help Desk: Income Optimization
Pre-Underwriting Analysis Before Lender Submission to ensure:
* Maximum Qualifying Income & Buying Power
* Pre-Underwrite Review – Identify potential conditions upfront for a smoother approval process
Self-Employment Verification (VOSE)
* CPA Letter verifying business details
* No P&L Statement Required
* No 4506-T or 4506-C Required
Jumbo & Super Jumbo Loan Limits
Loan Amounts: Up to $12,000,000 (Minimum 640 Credit Score)
Cash-Out Available: Up to $4,000,000
Eligible Property Types
* Single-Family Residences (SFR), 1-4 Units, Warrantable & Non-Warrantable Condos
Eligible Occupancy Types
* Primary Residence (Owner-Occupied)
* Owner-Occupied Investment (Borrower resides in one of the units)
* Non-Owner-Occupied Investment & Business Purpose
* Gift Funds Allowed (Up to 15% with a 5% borrower contribution)
Loan Scenario Form – No Credit Check Required
Need assistance? Contact our Bank Statement Help Desk 800-718-8906 for expert pre-qualification support.
Available in the Following States:
Alabama, Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Hawaii, Illinois, Kansas, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin.