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

What is a bank statement loan?

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)
year(s)
per year
per year

Your total monthly payment

Principal & Interest
Home insurance
Property taxes
PMI

Ready To Meet Your Real Estate Agent?

Call us today! (800) 671-6204

Call us today!
(800) 671-6204