12-Month Bank Statement - OWNER-OCCUPIED

We validate income with a unique approach to qualifying the ability to repay. Borrowers shouldn't be judged based on what they made years ago. No tax returns or W2's needed. 100% Gifts allowed for a down payment, closing costs, and reserves.

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Program Details

Income Verification
  • Personal, Business Or Draft Account Reflecting
    • Consecutive 12 Month Period
    • 1099 Tax Form
  • CPA, Tax Preparer, Or Enrolled Agent’s Letter Confirming
    • Self Employment
    • Business Inception
    • Percentage Of Ownership
  • No Tax Returns Or W2s Required.
  • Up To 50% DTI
Asset Verification
  • 1 Month Bank Statement
  • 100% Gift Funds Allowed For Down Payment & Closing Cost
Borrower Qualification
  • Minimum 640 FICO Score (Minimum 660 For FTHBs)
  • Up To 50% DTI
Program Highlights
  • Purchase & Rate/Term Refinance Up To 80% LTV
  • Cash-Out Refinance Up To 80% LTV, Up To $1,000,000 Cash-In-Hand Proceeds
  • 1-4 Units, Condos, Coops, PUDs
  • Second Homes Allowed
  • Minimum 640 FICO (Minimum 660 For FTHBs)
  • Loan Amounts Up To $3,000,000
  • 5/6 ARM3, 7/6 ARM3, 15 Or 30 Year Fixed
  • Interest Only Option Available On All Loan Terms Except 15 Year Fixed

Mortgage Rate Options

Adjustable ARM

Adjustable-rate mortgages include interest payments which shift during the loan's term, depending on current market conditions. Typically, these loans carry a fixed-i...

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Fixed Rate

The most common type of loan option, the traditional fixed-rate mortgage includes monthly principal and interest payments which never change during the loan's lifetime.

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Interest Only

Interest only mortgages are home loans in which borrowers make monthly payments solely toward the interest accruing on the loan, rather than the principle, for a specif...

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Graduated Payments

Graduated Payment Mortgages are loans in which mortgage payments increase annually for a predetermined period of time (e.g. five or ten years) and...

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