Bank Statements Loans
Bank Statements Loans are designed for borrowers with non-traditional income and lending needs, such as self-employed borrowers and foreign nationals. Self-employed borrowers qualify using bank statements for the most recent 12 months’ period. 100 % funds from a personal account, or 50% funds from a business account are used to qualify at 43% DTI. One borrower must be self-employed and may have a W-2 co-borrower.
| Lending Criteria | Description |
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| Property Type: |
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| Max Loan-to-Value: |
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| Minimum Credit Scores: |
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| Prepayment Penalty: |
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| Maximum Debt-to-Income (DTI): |
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| Recourse: |
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| Broker Fee: |
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| Terms: |
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| Loan Amounts: |
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| Maximum Cash-Out: |
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| Closing Timeframes: |
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| Amortization: |
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| Collateral: |
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| Other Costs: |
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