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