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This program is designed for borrowers who are self-employed and would benefit from alternative loan qualification methods. Bank statements (personal and/or business) are used as an alternative to tax returns to document a self-employed borrower’s income.


  • Qualify with 12 months personal, business or co-mingled bank statements
  • No tax returns | No 4506C
  • No MI
  • Cash Out can be used for reserves
  • LTV up to 90%
  • Minimum FICO 660
  • Available for primary residence, second homes & investment properties
  • Usable Assets: 100% checking & savings, 70% stocks/bonds/mutual funds, 60% retirement funds
  • Loan amounts up to $3MM for purchase, rate & term, and cash-out refi
  • Only 1 appraisal required when loan amount is ≤ $1.5MM
  • Multiple term options: SOFR ARM*: 7/6 | F ixed: 30YR | 40 Year Fixed I/O
    • A borrower with a 25% or greater ownership interest in a business is considered self-employed.
      • Interest only option available. No I/O in Illinois.


Personal Deposits from Business Account

  • 100% of deposits utilized
  • 12 months of personal bank statements to qualify income
  • 3 months of business statements to verify active business account

Business or Co-Mingled Accounts

  • Qualify with a flat 50% expense factor
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