No tax Returns Required
Credit scores Starting at 600
Up to 95% Loan To Value
Only 12 months bank statements (Personal or Business)
2 years seasoning on Short sale or Foreclosure
Loans up to $3 million
Owner-Occupied, Second Homes and Investment Properties
Loans for Purchase, Refinance and Cash-Out
You Must Be Self Employed for at Least 2 Years
How We Determine Your Monthly Income
We use 12 months of Total Deposits (no refunds counted) to your Bank Checking Account - Only one account will be used. That total is divided by 12 to determine the qualifying monthly average. For Personal Accounts we use 100% of the qualifying deposits - for Business Accounts we use a P & L from you to determine expense percentages. The remaining is Considered your Income for Qualifying.
How Much Can I Be Approved For?
You will be qualified for up to 50% total debt to your income. We count the new mortgage payment, insurance and taxes and all minimum credit payments for credit cards, car loans, student loans etc.
How You Can Get Pre-Approved?
Click Apply Now and fill out the Complete Application - It's Fast and Easy.
What is the Interest Rate?
Personal or Business Bank Statement Program rates are determined by your credit scores and your down payment.
There is NO PMI with this loan.
We offer a 5/1 ARM, 7/1 ARM or 30 year Fixed Rate Loans.
Interest rates start at 5.25% with no prepayment penalty for high credit and down payment borrowers. Call or text me for the down payment and interest rate for your scenario.