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Jumbo Bank Statement Program – 640 Credit Score

Self-Employed including 1099 Independent Contractors as well as W2 Commission Professionals. 3 Bank Statement mortgage options that provide flexibility for business owners that utilize both their personal account and Business account for business expenses, income deposits, transfer activity. In addition, this program also offers a P&L Only Program, also for self-employed borrowers. Interest only term flexibility. too.

Non-QM Loans Do Not Require Form 4506-C

Alternative Income Documentation Options to $10,000,000

  • 6, 12 or 24 Months Bank Statements
  • Profit & Loss (P&L Statement) Statement Only
  • Self-Employed Only defined by percentage of ownership >25%

Maximum Loan Amounts/LTV and Credit Score

$1,500,000 – Single Family Residence / Primary Residence:

  • 740 Credit Score
    • 95% LTV Purchase or Rate/Term
    • 90% LTV Cash Out Refinance
  • 720 Credit Score
    • 90% LTV Purchase or Rate/Term
    • 85% LTV Cash Out Refinance
  • 700 Credit Score
    • 85% LTV Purchase or Rate/Term
    • 80% LTV Cash Out Refinance
  • 680 Credit Score
    • 80% LTV Purchase or Rate/Term
    • 70% LTV Cash Out Refinance
  • 660 Credit Score
    • 75% LTV Purchase or Rate/Term
    • 70% LTV Cash Out Refinance
  • 640 Credit Score
    • 70% LTV Purchase or Rate/Term
    • 65% LTV Cash Out Refinance

$2,000,000 – Single Family Residence / Primary Residence:

  • 700 Credit Score
    • 85% LTV – Purchase or Rate/Term Refinance
    • 80% LTV – Cash Out Refinance
  • 680 Credit Score
    • 80% LTV Purchase or Rate/Term
    • 75% LTV Cash Out Refinance
  • 660 Credit Score
    • 75% LTV – Purchase or Rate/Term Refinance
    • 70% LTV – Cash Out Refinance
  • 640 Credit Score
    • 70% LTV Purchase or Rate/Term
    • 65% LTV Cash Out Refinance

$2,500,000 – Single Family Residence / Primary Residence:

  • 740 Credit Score
    • 90% LTV Purchase or Rate/Term
    • 80% LTV Cash Out Refinance
  • 720 Credit Score
    • 85% LTV Purchase or Rate/Term
    • 75% LTV Cash Out Refinance
  • 700 Credit Score
    • 80% LTV Purchase or Rate/Term]
    • 70% LTV Cash Out Refinance
  • 680 Credit Score
    • 75% LTV Purchase or Rate/Term
    • 70% LTV Cash Out Refinance
  • 660 Credit Score
    • 75% LTV Purchase or Rate/Term
    • 65% LTV Cash Out Refinance

$3,000,000 – Single Family Residence / Primary Residence:

  • 740 Credit Score
    • 90% LTV Purchase or Rate/Term
    • 80% LTV Cash Out Refinance
  • 720 Credit Score
    • 85% LTV Purchase or Rate/Term
    • 75% LTV Cash Out Refinance
  • 700 Credit Score
    • 80% LTV Purchase or Rate/Term]
    • 70% LTV Cash Out Refinance
  • 680 Credit Score
    • 75% LTV Purchase or Rate/Term
    • 70% LTV Cash Out Refinance
  • 660 Credit Score
    • 75% LTV Purchase or Rate/Term
    • 65% LTV Cash Out Refinance

$4,000,000 – Single Family Residence / Primary Residence:

  • 740 Credit Score
    • 80% LTV Purchase or Rate/Term
    • 75% LTV Cash Out Refinance
  • 720 Credit Score
    • 75% LTV Purchase or Rate/Term
    • 70% LTV Cash Out Refinance
  • 700 Credit Score
    • 70% LTV Purchase or Rate/Term]
    • 65% LTV Cash Out Refinance
  • 680 Credit Score
    • 65% LTV Purchase or Rate/Term
    • 60% LTV Cash Out Refinance
  • 660 Credit Score
    • 60% LTV Purchase or Rate/Term
    • 55% LTV Cash Out Refinance

Eligible Property Types:

  • Single Family Residence (SFR)
  • Condominium

Eligible Occupancies:

  • Owner-Occupied
  • Investment Properties

Eligible Borrowers:

  • Permanent Resident Alien
  • Non-Permanent Resident Alien

Title Vesting

  • Natural Person
  • LLC

Terms & Information

  • Interest Only Term Options Available:
  • Fixed: 30 year and 40 year both feature Interest Only options
  • ARM: 3 year, 5 year, and 7 year ARM’s

Loan Scenario Form – Credit Check Not Required

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, 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