If you’re like most self-employed people, you know that traditional loans can be difficult to qualify for. That’s why we created the Bank Statement Loan program – to give you an alternative way to qualify for a loan.
With this program, we use your personal and/or business bank statements to document your income. This makes it easier for you to get the loan you need, without all the hassle.
So, if you’re self-employed and looking for a better way to get a loan, look no further than the Bank Statement Loan program. It’s the easy, stress-free way to get the money you need.
Qualify with 12 months personal, business, or co-mingled bank statements
No tax returns
No Mortgage Insurance
Cash out can be used for reserves
As little as 10% down for primary residences
Minimum FICO 620
Available for primary residence, second homes & investment properties
Loan amounts up to $4mm for purchase, rate & term, and cash-out refi
Multiple term options: ARM – 5/6 7/6 | Fixed: 30YR | 40 Year Fixed I/O
HOW TO QUALIFY
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