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.
12 Month Bank Statement Loan – $4,000,000 to 90% LTV
Non-Prime Program Documentation Features
No 1040s, 1120s, K1s, IRS transcripts, or Form 4506-C are required, offering a hassle-free qualification process.
Non-Prime Program LTV and Credit Score 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.
Last Updated on 4 days ago by Broker Mortgages