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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.

Highlights:
  • 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
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