Super Jumbo Bank Statement Loan | Form 4506-T and 4506-C Not Required
Tax Returns Not Required
Utilize personal or business bank statements in lieu of traditional income documents
Income Documentation Alternative:
24 Months Business or Personal Bank Statement Program to $2,000,000
Employment Types:
- Self Employed with W-2 Wage Earner Co-Borrower OK
Loan to Value:
- 80% LTV to 1 Million 580 Credit Score
- 70% LTV to 1 Million 500 Credit Score
Credit notes:
- 1 year seasoning required from bankruptcy discharge date
- 2 years seasoning required for short sales and foreclosures
Loan Purpose:
- Purchase
- RefinanceCash Out Refinance - $500,000 maximum
Property Types:
- SFR Single Family Residence
Occupancies:
- Owner Occupied
- Second / Vacation Home – 75% maximum LTV
Debt-to-Income Ratio "DTI"
- 50% maximum
States:
Alabama, Arizona, California, Colorado, District of Columbia, Georgia, Florida, Iowa, Indiana, Kentucky, Maryland, Michigan, Minnesota, North Carolina, Ohio, Oregon, South Carolina, Tennessee, Texas, Virginia, Wisconsin
Reference # - 125 527030515 NP