Bank Statement Mortgage

Types of Loans Available

30-Year and 15-Year Fixed
10, 7, and 5-Yr ARMs

bank statement loan

Highlights

Income determined using an average of 12 to 24 mo Personal or Business bank statement deposits.
Loan Amounts to $3,000,000.
Primary residence, Vacation Home, Investment Property.
Single Family (or condo).
2 to 4 Units
Unlimited cash-out refinance loans

Details

Down payment minimum 10% (depending on purpose of loan and credit score).
12 or 24 month average of deposits from a personal bank account determines income.
12 or 24 month average of (a percentage of) deposits from a business account determines income.
Business license evidencing 2+ years in business or letter from CPA if business does not require a license.