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12 Month Bank Statement Program

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 down payment options down to 10%. This prime loan program starts at 600 FICO. For borrowers with a minimum FICO score of 640 we offer down payments as low as 15%. Maximum loan amounts reach $3.5 million.

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.