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

0x12

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!