BANK STATEMENT – Loan Criteria

BANK STATEMENT

No Tax returns required. Perfect Non-QM loan for the self-employed, qualify using 12 Month Personal or Business bank statement.

Loan Purpose

  • Purchase
  • Rate/Term Refinance
  • Cash-Out Refinance

Loan Term

  • 30 Year Fixed Rate
  • 5/6 ARM
  • 3/6 ARM
  • 6 Months Reserve required – PITIA

Loan Amount

  • Up to $3.5 Million

Loan to Value (LTV)

  • Up to 80%

Minimum Credit Score

  • 660

Maximum DTI

  • 55%

Property Type

  • Owner Occupied (1-2 Units)
  • Second Home
  • Non-Owner Occupied

Eligible Property Types

  • Single Family Residence (SFR)
  • PUDs
  • Condos
  • Townhouses

Eligible Borrowers

  • U.S. Citizens / Permanent Resident Aliens
  • Non-Permanent Resident Aliens