12 Months and 24 Months Bank Statements Alt Doc Home Loan

700 Credit Score:

  • $1,500,000 Loan Amount | 4 Months Reserves
    • LTV 90% - Purchase
    • LTV 85% - Cash Out Refinance
  • $2,000,000 Loan Amount | 6 Months Reserves
    • LTV 90% - Purchase
    • LTV 85% - Cash Out Refinance
  • $2,500,000 Loan Amount | 6 Months Reserves
    • LTV 90% - Purchase
    • LTV 85% - Cash Out Refinance
  • $3,000,000 Loan Amount | 9 Months Reserves
    • LTV 85% - Purchase
    • LTV 80% - Cash Out Refinance
  • $4,000,000 Loan Amount | 12 Months Reserves
    • LTV 90% - Purchase
    • LTV 85% - Cash Out Refinance
  • $4,500,000 Loan Amount | 6 Months Reserves
    • LTV 85% - Purchase
    • LTV 80% - Cash Out Refinance

 

680 Credit Score:

 

  • $1,500,000 Loan Amount | 4 Months Reserves
    • LTV 90% - Purchase
    • LTV 85% - Cash Out Refinance
  • $2,000,000 Loan Amount | 6 Months Reserves
    • LTV 90% - Purchase
    • LTV 85% - Cash Out Refinance
  • $2,500,000 Loan Amount | 6 Months Reserves
    • LTV 90% - Purchase
    • LTV 85% - Cash Out Refinance
  • $3,000,000 Loan Amount | 9 Months Reserves
    • LTV 85% - Purchase
    • LTV 80% - Cash Out Refinance
  • $4,000,000 Loan Amount | 12 Months Reserves
    • LTV 90% - Purchase
    • LTV 85% - Cash Out Refinance
  • $4,500,000 Loan Amount | 18 Months Reserves
    • LTV 85% - Purchase
    • LTV 80% - Cash Out Refinance

Maximum Loan Amount: $4,500,000

Credit Notes:

  • Minimum credit score: 580
  • No mortgage lates allowed previous 24 months
  • Housing Credit Event Seasoning 36 Months (Bankruptcy, Foreclosure, Short Sale, Loan Modification)
  • Minimum tradelines 2 open and active minimum of 12 months

Cash-Out (Cash in Hand) Limit:

  • Maximum LTV - 80%
  • Loan amount > $1,500,000 Maximum LTV - 75%

Eligible Property Types:

  • Single Family Residence
  • Condo (non-warrantable condo maximum loan amount - $2,000,000)
  • 2-4 Units - Maximum LTV - 85%

DTI (Debt-to-Income Ratio):

  • 55%

Terms Available

  • ARM's
    • 5/1 LIBOR
    • 7/1 LIBOR
  • Fixed Rate
    • 30 Year Fixed
    • 15 Year Fixed
  • Interest Only - 120 Month Term

 This particular loan program is available in the following states:

Alabama, Arizona, Arkansas, California, Colorado, Delaware, District of Columbia, Florida, Georgia, Illinois, Indiana, Kentucky, Maryland, Michigan, Minnesota, Nevada, New Jersey, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, Wyoming. We have dozens of bank statement loans that cover all states.

 

Reference # 541 052218 10-13-1-3