Bank Statement Loans

Bank Statement Loans Up To 90% LTV

A bank statement loan might be your best solution if you're a business owner looking to buy or refinance a home. When you're self-employed you do your best to take full advantage of the tax write-offs you're entitled to. Your bank statements are collected from a 12-24 time period and deposits are added and averaged to determine your eligibility



WHO QUALIFIES?

• Must be 18 years or older
• U.S. Citizens
• Green Card Holders (non U.S. Citizen)
• H-1B Visa & EAD Card Holders (non U.S. Citizen)



LOAN DETAILS


  CRITERIA

BLUE WAVE

CREDIT CHALLENGED

ONE MONTH ONLY

CREDIT

MINIMUM 680

MINIMUM 500

MINIMUM 700

DEBT-TO-INCOME

50% MAX DTI

50% MAX DTI

MAX 50% BACK END

LOAN-TO-VALUE

70% LTV – 80% LTV

UP TO 90% LTV

MAX 75% LTV

 OCCUPANCY

PRIMARY|SECOND| RENTAL

PRIMARY|SECOND| RENTAL

PRIMARY|SECOND| RENTAL

TERMS

5/1 ARM ON
30 YR TERM

5/1 ARM AND
30 YR TERM

5/1 ARM ON
30 YR TERM

TRANSACTIONS

PURCH | REFI | CASH OUT

PURCH | REFI | CASH OUT

PURCH | REFI | CASH OUT

APPRAISAL

REQUIRED

REQUIRED

REQUIRED

ELIGIBLE PROPERTIES

SFR / CONDOS / 2-4 UNITS

SFR / CONDOS / 2-4 UNITS

SFR / PUD / CONDOS

BANKRUPTCY?

1 YEAR SEASONING

VARIES

NONE IN LAST 5 YEARS

FORECLOSURE?

1 YEAR SEASONING

VARIES

NONE IN LAST 5 YEARS

LOAN AMOUNT

$100K - $3MM

$100K - $3MM

$100K - $3MM

BANK STATEMENTS

12-24 MONTHS REQUIRED

12-24 MONTHS REQUIRED

1 MONTHS REQUIRED

ASSETS/RESERVES

12-18 MONTHS PITI

6 MONTHS PITI

6 MONTHS PITI

PRE-PAYMENT PENALTY

7 MONTHS | NO BALLOON

7 MONTHS | NO BALLOON

7 MONTHS | NO BALLOON

PROOF OF IDENTITY

DRIVERS LICENSE | SOCIAL SECURITY CARD

DRIVERS LICENSE | SOCIAL SECURITY CARD

DRIVERS LICENSE | SOCIAL SECURITY CARD

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It's a great time to purchase your new home. Get the process started by applying with Integrity Credit Corporation today!

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