Advantages of Bank Statement Loans (Below are highlights of our 14 + Self-Employed Bank Statement Loan Programs) • 12 & 24 Months Business or Personal Statements • Borrow up to 90% of your primary homes value • 100% of Deposits on Personal Statements is utilized in Analysis • Use Up To 85% of Deposits on Business Statements s utilized in Analysis • No tax returns required or 4506 required to qualify • Min $150,000 up to $5,000,000 (need more? Ask your Loan Officer ) • Low Rates and Buy Downs with some programs • Min 600 Fico permitted • No Mortgage Insurance (all programs) • No Prepayment Penalty (all programs) • SFR, Condos, Town house and 2-4 Units • Non-warrantable condos OK • 5/1 & 7/1 ARM’s or 30 year Fixed • Borrower does not have to be 100% owner of the business • Multiple bank accounts are permitted in some programs • P&L statements NOT required on most programs • Owner-occupied, 2nd homes and investment properties • Bankruptcy, Foreclosure, Short Sale (Min 2 years out) • Common-sense consideration of NSFs and overdrafts • Some reserves required depending on credit and loan amount • Purchase, Rate/Term and Cash-Out Refinancing • Co-Borrowers may use non self-employment income sources like W2, rental retirement, social security and pension. NEW AND UPDATED PROGRAMS! ONE (1) YEAR PROGRAM BANK STATEMENT PROGRAM W2 wage earners who changed status to self-employed One (1) year or more ago but have not been self-employed for a full two (2) years. • Up to 80% LTV • Last 12 months bank statements plus last two years W2's • 600 Min FICO • Up to $4,000,000 Loan Amount 1099 CONTRACTOR INCOME - NO OTHER INCOME DOCUMENTATION NEEDED • Up to 80% LTV • 2 Most Recent Bank Statements • 600 Min FICO • Up to $4,000,000 Loan Amount