LOAN PROGRAMS
BANK STATEMENT LOAN PROGRAM
What are Bank Statement Loans?
Bank statement loan programs allows self-employed borrowers to use the average monthly deposits into their bank accounts to qualify for a mortgage. The average monthly deposits are treated as income and no tax returns are needed to qualify.
Traditional mortgage loans involve providing tax returns, W-2s and paycheck stubs in order to verify monthly income.
Loan Highlights:
- No Tax Returns Required
- Up to 90% LTV
- 24 Months Bank Statements
- 12 Months Personal Bank Statements
- 2 Years Seasoning on Short Sale or Foreclosure
- Loans up to $3 million
- Owner-occupied, Second Homes, and Investment Properties
- Purchase, Rate & Term Refinance and Cash-Out Refinance
- 2 years Self-employed required