Our Bank Statement programs are specifically for self-employed borrowers. These programs use the most recent 12 or 24 months of personal and/or business bank statements to calculate your income, making qualifying possible.
With our Bank Statement loans, you can enjoy the following benefits
- Minimum FICO score requirement of 620
- Maximum loan-to-value ratio of 80%
- Minimum loan amount of $100,000
- Maximum loan amount of $2.5 million
- Maximum debt-to-income ratio of 50%
- Mortgage history of 0x60x12
- 1 year out of bankruptcy, foreclosure, or short sale
- Reserves of 3 months for loan amounts below $1 million, and 6 months for loan amounts below $2 million
If you are self-employed and in need of a mortgage, our Bank Statement loans are the perfect solution for you. We know that traditional income documentation may not accurately reflect your true earning potential, which is why we take into account your bank statements to determine your qualifications.
Contact us to learn more about our unique loan products for self-employed borrowers.
