12 and 24 Month Bank Statement Loan
Self-Employed Borrowers Non-QM Financing Options
This Bank Statement Loan Program enables individuals with complex tax deductions to demonstrate their true income or revenue without wasting time on traditional income documentation such as tax returns, making it easier to qualify for a mortgage.
Bank Statement Mortgage Program Highlights:
* Loan amounts up to $5,000,000
* DTI (debt-to-income) Ratio to 55%
* Reserve Requirement – 2 Months
Cash-Out Refinance
* Maximum CLTV 85%
* Maximum DTI – 50%
* Maximum Loan Amount $3,500,000
Bank Statement Loan Credit Requirements:
* Minimum Credit Score – 620
* Mortgage 12 Month Payment History – 1 x 60 (60-day late), 1 x 30 (30-day late)
* Previous 24 Month Payment History – 1 x 90 (90-day late)
Bank Statement Loan Service
Benefit from free income calculation services, acceptance of combined statements, without ever being required to produce actual “income documentation”.
Whether you’re aiming to maximize loan amounts or streamline your application process, this program is an excellent solution for those with a 90% LTV and a 620 credit score.
Available in the Following States:
Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wisconsin.
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