Bank Statement Alt Doc Options Available – 2025 Updates
We calculate your monthly income number (DTI purposes) before your loan is submitted to the underwriter based on either your previous 3 months, 6 months, 12- or 24- months bank statements. Saves time because it will be a clean loan, the way the underwriter likes it. Quicker turn times and happy borrowers. Interest rates are always important. Service is key. Mortgages can come with a lot of moving parts.
Personal and Business Bank Statements – Commingle
* 50% or 51% Minimum Business Ownership Required
* Gift Funds OK to 90% with 5% (95% CLTV) Borrower Contribution
* One Year Business History Required
Eligible Property Types:
* Single Family Residences (SFR) (attached and detached)
* 2 Units
* 3 Units
* 4 Units
* Condos
* Non-Warrantable Condos (70% Max LTV)
Eligible Occupancies:
* Primary / Owner-Occupied
* Second /Vacation Homes
* Investment Properties
* ADU OK (5% LTV reduction) First Time Investors
Investor Service
First time investors can be eligible with no previous housing expense (rental history/mortgage payment) for the previous 12 months.
Rent free (no current housing expense (10% LTV reduction 680 credit middle score)
Available in the Following States:
Alabama, Alaska, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, North Carolina, Oregon, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin.