Alternative Bank Statement Income Qualified Based on Bank Deposit Analyzation
Business or Personal account OK Including Co-mingled accounts; Multiple Bank Accounts - OK
No Tax Returns. Business Tax Returns, Not Required. Personal Tax Returns, Not Required 4506-T Form Not Required
Numerous Ways to Calculate Bank Statement Income
Flexible Self-Employed Stated Expense Ratios down to 20%
Maximum Loan Amount $4,000,000
- Maximum Cash Out $750,000. Use Cash Out for Reserves
- Maximum DTI 55%
- Maximum LTV 90%
- Minimum Credit Score 600
Occupancies
- Primary
- Owner Occupied
- Second Home
- Non-Owner-Occupied
- Multi-Unit Investment
Eligible Vesting
- C and S Corps, LLC's, Partnerships
Property Types
- SFR, Townhome, 1-2 Units, 2-4 Units, Condos and Non-Warrantable Condos
Terms
5/1 ARM, 7/1 ARM, 10/1 ARM, 30 Year Fixed with Interest Only
Other Alt Doc, Reduced Doc, and Lite Doc Options Available
- 1099 Only
- Investor Cash Flow DSCR
- Asset Qualifier
- Asset Distribution
States:
Alabama | Arizona | California | Colorado | Connecticut | Florida | Georgia | Hawaii | Illinois | Indiana | Kansas | Kentucky | Maine | Maryland | Massachusetts | Michigan | Minnesota | Nevada | North Carolina | Oregon | Pennsylvania | Rhode Island | South Carolina | Tennessee | Texas | Utah | Virginia | Washington