Contact a Loan Officer (800) 718-8906
Six-month bank statement loan programs offer a middle ground between abbreviated income documentation and the more traditional 12- or 24-month review.
Lenders analyze eligible deposits over the six-month period to estimate sustainable monthly income. Business accounts are typically reviewed for operating expenses, while personal accounts may allow a larger percentage of qualifying deposits to be used.
These programs may benefit established self-employed borrowers whose recent cash flow accurately reflects their current earning capacity.
Related options include a six-month bank statement loan for a 660 credit score and a six-month bank statement program for a 680 credit score.
Borrowers may also compare three-month documentation with 12-month bank statement programs.
Submit your loan scenario for loan officer review before having your credit checked or speak to an experienced loan officer: 800-718-8906.
Related: Credit Analyzer, Credit Score Simulator, Credit Rescore, Credit Rescore Guidelines
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