Non-Prime Super Jumbo Bank Statement Loan | Forms 4506-T and 4506-C Not Required

24 Consecutive Months Personal or Business Bank Statements

Alternative Income and Verification of Employment Documentation Options:

Self-Employed Alternatives:

  • Bank Statements

  • Borrower Prepared P&L

  • Tax Returns Not Required

  • Form 4506-T Not Required

  • Form 4506-C Not Required

Jumbo Maximum Loan Amount - $10,000,000

  • Flexible Debt-to-Income Ratios - 55%
  • Full Doc for Salary Employee - W-2's and 30 Days Paycheck Stubs
  • Full Doc for Commission Professional - 2 years 1040's and Profit and Loss Statement
  • Liquid Assets Not Required
  • No Mortgage Lates

  • No Liquid reserve requirement - $0

 

Consult a Mortgage Professional to be properly pre-qualified without having your credit checked 

 

For this program, Underwriter will utilize 100% of Personal Bank Statement deposits and as much as 90%  of Business Bank Statement deposits along with either a "Borrower Prepared" Unaudited Profit and Loss" or an expense Letter from CPA or Tax Preparer Professional.

Let a Mortgage Professional qualify your debt ratio

Rural properties OK for A through B- credit grades 

  • Purchase Loans LTV - Credit Score:

    • 90% LTV - 700 Middle Credit Score

    • 85% LTV - 640 Middle Credit Score

    • 80% LTV - 600 Middle Credit Score

    • 75% LTV - 550 Middle Credit Score

    • 65% LTV - 500 Middle Credit Score

  • Cash Out Refinance  LTV - Credit Score:

    • 75% LTV - 700 Middle Credit Score

    • 75% LTV - 660 Middle Credit Score

    • 75% LTV - 600 Middle Credit Score

    • 70% LTV - 550 Middle Credit Score

    • 65% LTV - 500 Middle Credit Score

  • Major Derogatory Credit Seasoning Requirements:

    • Bankruptcy- 2 years seasoned

    • Foreclosure - 2 years seasoned

  • Property Types:

    • Single Family Residence

    • Condo

    • Non-Warrantable Condos

    • Townhouse

    • 2-4 Unit

    • Condotels Case-Specific

  • Eligible Occupancy Types:

    • Owner Occupied

    • Non Owner Occupied

    • Second Home

 

States:

Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Hawaii, Illinois, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin