3 Month Prime & Non-Prime Bank Statement Mortgage Loan Program
We offer a flexible 3-month bank statement program as an alternative to traditional 6 month-, 12 month-, or 24 month options. For borrowers with a 700+ credit score, we also provide 1-month and 2-month options.
Accepted Income Combinations:
- Co-Borrower W2 income + Recent 30-Day Pay Stubs
- Asset Depletion as Income
- Want faster qualification without extensive income documentation
Who Qualifies and What is Required?
- Sole Proprietors & Business Owners
- Real Estate Investors
- W2 Co-Borrowers
Flexible Mortgage Qualification Methods
We use innovative qualification techniques for income and employment verification, making it easier for self-employed borrowers to qualify.
Asset Depletion Program
For borrowers with strong liquid assets and solid credit, our Asset Depletion program allows qualification without traditional income verification.
Eligible Liquid Asset Sources:
- Checking & Savings Accounts
- Real * Stocks, Bonds, Mutual Funds
- CDs, Trust Accounts, Retirement Funds
- Pending Real Estate Sales & Money Market Accounts
- CDs, Trust Accounts, Retirement Funds
Required Documentation:
* 3-Month Bank Statements – Minimum 620 FICO
* Asset Depletion Option (No relocation needed)
* No Profit & Loss Statement Required
* No 4506-C (IRS Tax Transcript) Required
Employment Verification Options:
* Business License or Certification (if applicable)
* CPA or Tax Professional Letter
* Online Business Listings
Loan Amounts & Reserve Requirements
| Loan Size | Reserve Requirements |
|---|---|
| $250,000 – $1,500,000 | 6 Months PITIA |
| $1,500,000 – $3,000,000 | 12 Months PITIA + 3 Months per additional REO |
| $3,000,000 – $5,00,000 | 24 Months PITIA + 6 Months per additional REO |
Loan Amounts: $250K – $5M | Maximum Cash-Out: $2M
| FICO Score | Housing Event Seasoning | Mortgage/Rent Delinquencies |
|---|---|---|
| 700+ | 4+ Years | 1x 30-day late (past 12 months) |
| 680 | 3+ Years | 2x 30-day late (past 12 months) |
| 660 | 2+ Years | 2x 30-day late (past 12 months) |
| 640 | 2+ Years | 2x 30-day late (past 12 months) |
| 620 | 1+ Year | 1x 90-day late |
Mortgage Prequalification Form – No Credit Check Needed
Property Type & Occupancy Eligibility
Eligible Occupancy Types:
- Primary Residences
- Investment Properties (including Airbnb)
- Non-Owner Occupied
Eligible Property Types:
- Single-Family Homes (Attached & Detached)
- Duplexes & Fourplexes
- Condominiums & PUDs
- <4 Stories
Credit Score & Housing Event Seasoning Requirements
First Time Homebuyers:
- 620 credit score for up to 80% LTV
- 640 credit score for better terms
Ready to Get Started?
Apply today and see how our 3-Month Bank Statement Loan can work for you!
Available in the Following States:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wisconsin.