Working for yourself?We have loans that can work for you
Working for yourself? We have loans that can work for you
Bank Statement Loan
640+ FICO
$3M Loan Amount
90% LTV w/ no MI
A bank statement loan is an alternative to traditional mortgage products. These loans make it possible to gauge a buyer’s ability to repay a loan based on their bank statements and banking history in place of income that’s reported on W-2’s, pay stubs or tax returns.
Some creditworthy borrowers who don’t qualify for other types of loans can qualify for a bank statement loan instead. This type of loan can be a great backup mortgage option for self employed clients.
Good candidates for bank statement loans include small business owners and self-employed individuals.
Bank Statement (30-Year Fixed)
- 640+ FICO, with LTVs up to 90% and no MI required
- Loan amounts up to $3M
- Self-employed borrowers only
- Minimum 12 months reserve required
- Minimum 12 months consecutive bank statements required
- Two appraisals from two different appraisers required for loans over $1.5M
- Not eligible in West Virginia or on Texas 50(a)(6)
Your total monthly payment
Call Our DSCR Loan Specialist to see what you qualify for.
Call us! (800) 671-6204
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(800) 671-6204