Bank Statement Loan Program Highlights
- Qualify with 12 months personal, business or co-mingled bank statements
- Tax returns | 4506T not required
- May use multiple streams of income: W2, retirement, rental, social security, asset amortization, pension, etc.
- Available for primary residence, second homes & investment properties
- Usable Assets: 100% checking & savings*, stocks, bonds, mutual funds & retirement funds may be used for reserved requirements
- Loan amounts up to $3.0MM
- Maximum cash out up to $2.5MM
- 5/1, 7/1, 10/1 ARM**
- 15 and 30 year ﬁxed available
- 90% LTV with 680 FICO Credit scores as low as 600***
- DTI up to 55%***
A borrower with a 25% or greater ownership interest in a business is considered self-employed. All states (including DC) are eligible except DE, ME, MA, WY.
*Interest only options available on all ARMs. No I/O in Illinois.
**Not available in Premier.