Self-Employed Borrowers: Personal Bank Statements, Business Bank Statements and Comingled Bank Statement Accounts

Bank Statement Alt Doc Options Available - January 2022

We calculate your monthly income number (DTI purposes) before your loan is submitted to the underwriter based on either your previous 3 months, 6 months, 12-or-24 month bank statements. Saves time because it will be a clean loan, the way the underwriter likes it. Quicker turn times and happy borrowers. Interest rates are always important.  Service is key. Mortgages can come with a lot of moving parts.

  • 20% Minimum Business Ownership Required
  • Gift Funds OK with 5% Borrower Contribution
  • 1 Year Business History Required

Property Types:

  • Single Family Residences (SFR) (attached and detached)
  • 2 Units
  • 3 Units
  • 4 Units
  • Condos

Eligible Occupancies:

  • Primary / Owner-Occupied
  • Second /Vacation Homes
  • Investment Properties
  • Single Family Residences (SFR) (attached and detached)
    • 2 Units
    • 3 Units
    • 4 Units
    • Condos
    • ADU OK (5% LTV reduction)

First Time Investors

First time investors can be eligible with no previous housing expense (rental history/mortgage payment) for the previous 12 months. Rent free (no current housing expense (10% LTV reduction 680 credit middle score)

 

Pre-Qualification Form - No Credit Check

 

Available in the Following States:

Alabama, Alaska, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, North Carolina, Oregon, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin