Bank Statement Income

A bank statement income loan is a type of mortgage loan that allows borrowers to qualify for a loan based on their bank statements instead of traditional income documentation, such as W-2s and tax returns. This can be a helpful option for self-employed borrowers, gig workers, and others whose income may not be easily verifiable through traditional means.
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Bank Statement Income

  • Available under Expanded Prime and Non Prime programs
  • Personal or Business: 12 or 24 months
  • 1099: 12 or 24 months
  • 90% Purchase and R/T Refi
  • Cash out options
  • 50% Fixed Expense Ratio applied to Business accounts
  • 100% of Personal deposits used w/ 2 months of corresponding business account