Bank Statements Loan

Bank Statement loans allow for Self-Employed borrowers to still purchase a home or investment property simply using their bank statement income to qualify.

This Non-QM mortgage product typically uses a factor of a percentage of your annual deposits over a 12 or 24 month period to determine the borrower’s Net Income. This value is then used for debt to income ratios and further qualifying.

DTI (Debt to Income) = Income (from Bank Statements x % Factor) / Monthly Debt Service

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Purchase / Refinance / Cash Out Refinance

  • Primary / Second Home / Investment

  • Up to 90% LTV (Primary)

  • Up to 30 Year Fixed

  • Up to 40 Year Interest Only

  • Up to $3M Loan Amount

  • 2 Years Self Employed Required

  • 600+ Credit Minimum

  • 1-4 Unit Properties

  • Condos & PUDs Allowed