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