Who Should Apply?

• Business Owners

• Freelance Employees

• Consultants

• Contract Workers

• Independent Contractors

• Sole Proprietors

• Gig Economy Workers

• Realtors

• Entrepreneurs

Mortgages Without Tax Returns or W2s

 

The Bank Statement Loan program is our leading option for many utilizing our AMP Suite. Bank statement loans are nontraditional loans or expanded criteria loans that allow other forms of documentation to prove the ability to repay. Just as it sounds, a bank statement loan allows the borrower to verify his or her income with bank statements.

 

Advantages of a Bank Statement Loan

• Qualify with monthly bank statements using an average of your total deposits.

• The lender can look at 12 or 24-month bank statements.

• You can get a bank statement home loan for as little as 10 percent down.

• First-time homebuyers are allowed, restrictions may apply.

• Typically, we will accept a debt-to-income ratio of a maximum of 50 percent. * (1)

• You can borrow up to $3 million. * (2)

 

Criteria for Bank Statement Loans

• Must be a business owner or self-employed for at least two years.

• Must have a credit score of 660 or above.

• Loan amount between $150,000 and $3,000,000. *(2)

• Must have 12 or 24 months of Bank Statements.

• Up to 80% LTV.

• Applicants must own 25% or more of the business.

(1) Exceptions allowed on case-by-case basis.

(2) Maximum loan amount exceptions on a case-by-case basis. Additional criteria may apply.