Bank Statement Program - 2020

This Bank Statement mortgage is designed for self-employed borrowers. You benefit from a simplified qualifying method with income based on revenue calculated from business or and (industry specific) personal bank statements

Features

Maximum loan amount $15,000,000

660 FICO Score

Cash-out to 75% LTV

Maximum DTI 55% (subject to Disposable Income)

Owner-occupied, Second Homes and Non-owner-occupied and investment properties.

Gifts - OK

  • Max Loan Amount $6,000,000
  • Minimum 680 Mortgage Credit Score Required
  • Max 55% DTI (Debt-to-Income)
  • 75% LTV
  • Primary, Second, Investment Homes
  • 1-4 Unit, Planned Urban Development (PUD) and Condos permitted
  • Interest-Only
  • Gifts Permitted

States:

Alabama, Arizona, Colorado, California, Delaware, Georgia, Florida, Illinois, Maryland, North Carolina, Oregon, South Carolina, Texas, Virginia, Washington

Full Doc Income Non-Agency Jumbo Program - 2020

  • Jumbo loan amounts to 5,000,000
  • 640 Credit Score
  • Property Types: Owner-Occupied - Second/Vacation Home - Warrantable and Non-warrantable Condos - Condotels - Investment - including Business Purpose
  • Gift Funds Allowed - 15% LTV (5% minimum borrower contribution)
  • Foreign Nationals - OK
  • Interest-only option available with 680 Credit Score to $5,000,000 loan amount

 

States: Alabama, Arizona, Colorado, California, Delaware, Georgia, Florida, Illinois, Maryland, North Carolina, South Carolina, Texas, Virginia, Washington