Believe Lending

Bank Statement Loan

Loans Up To 90% LTV

A bank statement loan might be your best solution if you’re a business owner looking to buy or refinance a home. When you’re self-employed you do your best to take full advantage of the tax write-offs you’re entitled to. Your bank statements are collected from a 12-24 time period and deposits are added and averaged to determine your eligibility.



WHO QUALIFIES??

  • Must be 18 years or older

  • U.S. Citizens

  • Green Card Holders (non U.S. Citizen)

  • H-1B Visa & EAD Card Holders (non U.S. Citizen)



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  CRITERIA

LOAN DETAILS

CREDIT

As low as 640

DOWN PAYMENT

20% - 30%

OCCUPANCY

Primary, Secondary, or Investment

TERMS

30 Yr Fixed / 5 YR Arm

TRANSACTIONS

Purchase, Refinance Rate & Term, or Refinance Cash-Out

ELIGIBLE PROPERTIES

SFR, Condos, and 1-4 Units

MINIMUM LOAN AMOUNT

$100k

MAXIMUM LOAN AMOUNT

$5 Million

LTV

Up to 90%

APPRAISAL REQUIRED

Yes

BANK STATEMENTS

6, 12, or 24 Month Bank Statement. Personal or Business.

CLOSING TIME

30 DAYS

EMPLOYMENT

Must be self-employed for 2 years

RESERVES

6 Months

PRE-PAYMENT PENALTY

Only applies to investments only

HOUSING HISTORY

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GIFT FUNDS

Allowed for down payment or closing

ELIGIBLE BORROWERS

Us Citizens and Permanent Residents


If you have any questions, Call or Text Andrew Ojeisekhoba At 949-232-9569



Apply Online Today!