Bank Statement Loan Program for Self-Employed Borrowers
Our programs are designed to simplify financing for self-employed and 1099 borrowers by using 12 months of bank statements instead of traditional tax documents. No 1040s, 1120s, K1s, IRS transcripts, or 4506-Ts are required, offering a hassle-free qualification process.
12 Month Bank Statement Loan – $4,000,000 – 90% LTV
This program has some Non-Prime features
90% LTV, Credit Score – 660
85% LTV, Credit Score – 640
80% LTV, Credit Score – 620
75% LTV, Credit Score – 600
Loan Amount and LTV Limit and Requirements
Our mortgage options offer flexible loan-to-value (LTV) ratios to suit various borrower needs. Financing is available up to 90% LTV with standard requirements. For borrowers with a minimum FICO score of 640, we offer up to 85% LTV, while those with a 660 score can access 90% LTV. Applicants with a minimum 620 FICO score may qualify for up to 70% LTV. Maximum loan amounts reach $3.5 million, providing ample financing for larger property investments.
Credit Score Requirements and Loan Terms
Credit score requirements vary based on desired LTV, ensuring accessible options for borrowers across credit profiles. Available loan terms include 30-year and 40-year interest-only options, offered as both fixed-rate and adjustable-rate mortgages (ARM). Additionally, our team simplifies the process by calculating your income for you, ensuring a smoother qualification experience.
Occupancy and Property Types
Our mortgage solutions are versatile, accommodating primary residences, second homes, and investment properties. For 2-4 unit properties, financing is available up to 85% LTV. This flexibility allows borrowers to explore various real estate opportunities, whether for personal living spaces or income-generating properties.
Additional Underwriter Guideline Highlights:
* Up to 90% LTV for Purchases and 85% LTV for Cash Out Refinances
* Loan Amounts as High as $4,000,000 With a Minimum 600 FICO
* No Mortgage Insurance (MI) and No Reserves Required For ≤ 75% LTV
* Ideal For Self-Employed Borrowers Seeking Flexible, Efficient Mortgage Solutions.
Available in the Following States:
Arizona, California, Colorado, Florida, Georgia, Hawaii, Kansas, Kentucky, Louisiana, Maine, Maryland, Michigan, Mississippi, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Rhode Island, South Carolina, Tennessee, Texas, Utah, and Washington.