Bank Statement Loans
Elite – Bank Statement
Flexible guidelines with higher loan amounts
Maximum LTV – 85%
Min FICO – 640
Maximum Loan Amount $4,000,000
Document Type 12/24 Month Bank Statements
Super Jumbo – Bank Statement
High-balance financing for luxury properties
Maximum LTV – 65%
Minimum FICO – 720
Maximum Loan Amount – $5,000,000
Document Type – 12/24 Month Bank Statements
Non Prime – Bank Statement
Solutions for borrowers with recent credit events
Maximum LTV – 70%
Minimum FICO – 600
Credit Events – 1 Day Out BK
Document Type – 12/24 Month Bank Statements
P&L Only Loans
Elite Plus – P&L Only
No bank statements — must be prepared by the borrower’s licensed tax preparer
Maximum LTV – 80%
Minimum FICO – 680
Document Type – Profit and Loss Statement Only
Maximum Loan Amount – $2,500,000
Elite – P&L Only
No bank statements — must be prepared by the borrower’s licensed tax preparer
Maximum LTV – 80%
Minimum FICO – 660
Document Type – Profit and Loss Statement Only
Maximum Loan Amount – $2,500,000
Ultra Jumbo – P&L Only
P&L-only qualification for ultra jumbo loan amounts
Maximum LTV – 60%
Minimum FICO – 720
Document Type – Profit and Loss Statement Only
Maximum Loan Amount – $10,000,000
Fix and Flip’s
Ground Up Construction
ITIN Programs to 95% LTV
ITIN No Credit Score and No Visa Required
Terms
HELOCs
Fixed Rate closed end
Eligible Property Types
SFR
Condominium (reduce LTV 5%)
1-4 Unit Construction
Eligible Occupancies
Owner-Occupied
Non-Owner-Occupied
Last Updated on 3 weeks ago by Broker Mortgages