Bank Statement Qualifying

• At least one applicant must be self-employed
• Tip employees treated as self-employed
• 10% down payment with a 680 credit score
• Qualifying income is calculated by using an average of the deposits reflected on the most recent 12 months bank statements either business or personal.
• Bankruptcy, Deed in Lieu, Foreclosure Short Sales need 4 years, Can be 2 years with a larger down payment
• 1-4 units
• Owner occupied, and investment properties
• Fixed rate and Adjustable programs
• Minimum loan amount $100,000.00