Bank Statement Program – 2024
This Bank Statement mortgage is designed for self-employed borrowers. You benefit from a simplified qualifying method with income based on revenue calculated from business or and (industry specific) personal bank statements
Guideline Features:
* Maximum loan amount $15,000,000
* 660 FICO Score
* Cash-out to 70% LTV
* Maximum DTI 55% (requires $4000 minimum disposable income)
* Owner-occupied, Second Homes and Non-owner-occupied and investment properties.
* Gifts – OK
* Max Loan Amount $6,000,000
* Minimum 680 Mortgage Credit Score Required
* Max 55% DTI (Debt-to-Income) / Interest-only
* 75% LTV
* Primary, Second, Investment Homes
* 1-4 Unit, Planned Urban Development (PUD) and Condos permitted
* Interest-Only
* Gifts Permitted
Available in the Following States:
Alabama, Arizona, Colorado, California, Delaware, Georgia, Florida, Illinois, Maryland, North Carolina, Oregon, South Carolina, Texas, Virginia, and Washington.