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Bank Statements As Income For Self-Employed Borrowers

A  Mortgage Built for Self-Employed Borrowers

Have you heard? Bank Statement Mortgages are making a comeback!

What is a Florida Bank Statement Mortgage Loan?

The most common borrower that benefits from the Bank Statement Loan programs is a self-employed borrower. … They enable the self-employed borrower to provide the Lender with 12 or 24 months of bank statements that show the regular receipt of income. This gives the lender an idea of what you can afford.

What are the requirements for getting a Bank Statement Loan?

  • Up to 50% DTI  (higher with exception)
  • As low as 10% down payment.
  • Up to $2,000,000 Loan Amounts.
  • Minimum Loan Amount $300,000.
  • Minimum Credit Score 660
  • Purchase or Refi.
  • Primary residence / 2nd Home / Investment Property.
  • No PMI.
  • 30 Year Fixed or ARM Rates.
  • 12 or 24 Months Bank Statements.
  • Personal or Business Bank Statements can be used for income.
  • Must be Self Employed for at least 2 years.
  • No tax return requirements or filing required.

Why Should You Choose Us For Your Jumbo Home Loan?

Client Reviews

 

Are You Concerned You May Not Qualify for a Home Loan Because?

  • Debt to Income Ratio is a little too High.
  • Credit Scores are a little Too Low, Not to Worry we are masters at analyzing your credit report and doing a Rapid Credit Rescore.
  • Prior Foreclosures, Short Sales or Bankruptcies.
  • Currently, have a Primary Residence that you want to sell after you close on after you purchase your new home and you might not qualify with both mortgage payments.
  • Don’t have Enough Reserves.

Not to worry our Loan Officers overcome these problems all the time, We know the Florida Jumbo Mortgage Business and can Close Easy, Complex and Tough Deals. We do this by utilizing our “Outside The Box Thinking” to get you Approved for the highest loan amount possible while keeping your down payment and closing costs as low as possible.

No-Cost Appraisal Offer

Whether your Purchasing or Refinancing, you could Save Hundreds of Dollars

Whether you’re buying a new home or refinancing, closing costs are a necessary evil and we’re helping home-buyers and homeowners save thousands of dollars with our no-cost appraisals and here is how it works. You simply pay for the appraisal up front, as all other mortgage companies require you to do and as long as your loan amount is over $484,350 we will credit you back up to $525.00 of your appraisal cost at closing.

To take advantage of this offer You MUST Register prior to Applying with us…… yep, it’s that simple! By the way, we don’t charge any loan application, interest rate lock-in or any other upfront fee’s like many lenders do.

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