3 Month Non-Prime Bank Statement Mortgage Loan Program
We offer a flexible 3-month bank statement program as an alternative to traditional 6-, 12-, 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
First-Time Homebuyers:
- Minimum 620 credit score for up to 80% LTV
- 640 credit score for better terms
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
- Stocks, Bonds, Mutual Funds
- CDs, Trust Accounts, Retirement Funds
- Pending Real Estate Sales & Money Market Accounts
Flexible Mortgage Qualification Methods
We use innovative qualification techniques for income and employment verification, making it easier for self-employed borrowers to qualify.
Who Qualifies?
- Sole Proprietors & Business Owners
- Real Estate Investors
- W2 Co-Borrowers
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
Property & 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
Credit Score & Housing Event Requirements
| 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
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.
Ready to Get Started?
Apply today and see how our 3-Month Bank Statement Loan can work for you!