Key Features:  Bank Statement Program

• Provide 12 or 24 months personal or business bank statements
• No tax returns required
• Up to 90% LTV (No MI) with 760+ credit score, loan amounts to $2.5Million
• Up to 70% LTV, 580 credit score, loan amounts to $749,999
  580 minimum credit score1-2 years seasoning for foreclosure, short sales, bankruptcy, deed in lieu
• Available for Owner occupied, 2nd homes, investment properties
• Second homes eligible up to 80% LTV
• Non-warrantable condos permitted
• Cash out to 75% LTV

This is a mortgage loan is for borrowers who don't claim enough income on their personal tax returns to qualify for a mortgage.  The deposits into a business or personal bank account are used as income.  The deposits are averaged to determine a monthly income that can be used to calculate the buyers ability to qualify for a home mortgage. 

These loans are great for individuals who generate a good income but don't claim all of the income on their taxes, have a lot of write offs or simply haven't filed tax returns.

To see if you qualify apply here or Contact us