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Bank Statement Loan Programs For Self-Employed Buyers

What is a Bank Statement Loan?

A Bank Statement Loan Program allows you to verify your income on a mortgage application using documented bank deposits in place of tax forms. Traditional mortgage loans involve providing tax returns, W-2s and paycheck stubs in order to verify monthly income.

 

 

Purchase / Rate and Term Refinance / Cash - Out 

  • Down payment as low as 25%
  • 12 months bank statements - 620+ score required
  • 24 months bank statements - 580+ score required
  • DTI up to 55% 
  • 6 months reserves required
  • Minimum loan amount $100,000
  • Maximum loan amount $2,000,000
  • Properties: single family, townhouse, condo, non-warrantable condo, 2-4 unit and modular homes
  • Personal and Business bank statements
  • Profit & Loss Statements
  • Can be used with ITIN Loan Program

 

 

 

**Additional Guidelines Apply. Ask For More Details.

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