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 non-traditional 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.