3 Months Bank Statements Alt Doc Type
Three Months Bank Statements (business, personal or both (multiple accounts OK) accounts if income deposit activity can be identified and makes sense. If there’s income deposit activity, provide statements from that account. Include Asset Based Income Doc Option.
Non-Prime 3-Month Bank Statement Mortgage Loan Program
Non-Prime Alt Doc loans offer flexible options for borrowers with unique income verification needs. Choice options allow you to utilize only 3 months of bank statements.
Self-Employed Mortgage Product & Service
Qualify for as much as $4,000,000 with a 680+ FICO, or $3,000,000 with a 660+ FICO, or $2,500,000 with a 640+ FICO, OR 1,500,000 with a 620+ FICO.
Purchase to $4,000,000 to 85% LTV
The Jumbo On-Prime Mortgage Loan Program offers flexible financing options for self-employed borrowers with average credit. With up to 85% LTV available for purchase and a minimum 720 credit score requirement, this program is tailored for those who may not qualify for traditional loans but seek competitive terms.
Cash Out Refinance – $3,500,000 – 80% LTV
Cash Out OK to 80% LTV/CLTV is available for those with a 660 credit score, making Non-Prime Alt Doc loans good sense for self-employed homeowners with average credit.
Four Easy Income Doc Options:
1. Bank Statements: See 2, 6, 12, and 24 Month Programs
— Three Months Bank Statements (most recent all pages)
*Personal Bank/ DBA Account(s) Only
** Asset Depletion to Supplement
2. Profit & Loss Statement “P&L Only Loan”:
— 12 Month P&L Statement
- Borrower Prepared and Unaudited – Available
- 2 Months Business Bank Statement to Support.
3. Written Verification of Employment | WVOE:
— Verification of Employment “VOE Only”
- Two Year History. See one year Verification of Employment (VOE) Loan Programs
- Written Verification of Employment (WVOE), or a Borrower Prepared, “and unaudited” P&L Only Statement (with two months business bank statements to support.
4. Asset Depletion
- liquid asset accounts can be a separate source of income calc: Total liquids assets / 5 months-9 months Stated on the 1003
Purchase Loan Matrix – Loan Amount/ Credit Score/ Loan-to-Value
| Max Loan Amount | Credit Score | Loan-to-Value | Property Type | Occupancy |
|---|---|---|---|---|
| $1,000,000 | 600 | 75% | SFR | Owner-Occupied |
| $1,500,000 | 620 | 75% | SFR | Owner-Occupied |
| $2,000,000 | 640 | 70% | SFR | Owner-Occupied |
| $2,500,000 | 660 | 75% | SFR | Owner-Occupied |
| $3,000,000 | 680 | 80% | SFR | Owner-Occupied |
| $4,000,000 | 700 | 85% | SFR | Owner-Occupied |
Cash Out Refinance Loan Matrix
| Max Loan Amount | Credit Score | Loan-to-Value | Property Type | Occupancy |
|---|---|---|---|---|
| $1,000,000 | 600 | 70% LTV | SFR | Owner-Occupied |
| $1,500,000 | 620 | 70% LTV | SFR | Owner-Occupied |
| $2,000,000 | 640 | 75% LTV | SFR | Owner-Occupied |
| $2,500,000 | 660 | 70% LTV | SFR | Owner-Occupied |
| $3,000,000 | 680 | 70% LTV | SFR | Owner-Occupied |
| $4,000,000 | 700 | 75% LTV | SFR | Owner-Occupied |
Property Detail Information
| Eligible Property Types: | Eligible Occupancy Types: ~ |
|---|---|
| * Single Family Residence – Attached * Single Family Residence – Detached * Condominiums 5% LTV Reduction <4 Stories * 1-2 Units (permitted additions) * 1-4 Units (permitted additions) * PUD | * Primary/ Owner-Occupied (primary or investment), * Second Homes (Vacation Home) * Investment Property Owner-Occupied – Business Purpose (Accessory Dwelling Unit OK) * Business Prequalify for Business Purchase (ADU), |
Borrower & Business
| Eligible Borrower Types: | Eligible Company Types: |
|---|---|
| American Citizen Foreign National Permanent Resident Alien Non-Permanent Resident Alien | * C Corporation * S Corporation * LLC * Sole Proprietor |
Available Terms:
* 7/6 ARM, and 7/1 ARM
* 30-Year Am. and I/O – Interest-Only
Available in the Following States:
Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Maine, Maryland, Massachusetts, Nevada, New Jersey, North Carolina, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia, and Washington.
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