Bank Statement Program - 2020
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
Features
Maximum loan amount $15,000,000
660 FICO Score
Cash-out to 75% LTV
Maximum DTI 55% (subject to 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
States:
Alabama, Arizona, Colorado, California, Delaware, Georgia, Florida, Illinois, Maryland, North Carolina, Oregon, South Carolina, Texas, Virginia, Washington
Full Doc Income Non-Agency Jumbo Program - 2020
- Jumbo loan amounts to 5,000,000
- 640 Credit Score
- Property Types: Owner-Occupied - Second/Vacation Home - Warrantable and Non-warrantable Condos - Condotels - Investment - including Business Purpose
- Gift Funds Allowed - 15% LTV (5% minimum borrower contribution)
- Foreign Nationals - OK
- Interest-only option available with 680 Credit Score to $5,000,000 loan amount
States: Alabama, Arizona, Colorado, California, Delaware, Georgia, Florida, Illinois, Maryland, North Carolina, South Carolina, Texas, Virginia, Washington