Our bank statement mortgage program is a perfect fit for Self-Employed Borrowers who prefer to use business or personal bank statements to document their income instead of tax returns.
- 12-24 months business or personal bank statements
- Most property types
- Financing up to 70% (30% down)
- No tax returns, No 4506
- Competitive rates
- Fast turn times
- 680+ Trans-Union Credit Score
- 2+ years same income source
- No bankruptcy, foreclosure or short sale in the past 18 months
- A minimum of 3 tradelines reporting 12+ months or 2 tradelines reporting 18+ months
- To determine monthly income add 24 months consecutive deposits from your personal or business bank statements, take 50% of that amount and divide it by 24. This will equal your monthly income. Insert this figure in the Gross Monthly Income section of the application and make a note under "Other Income" that you used bank statement.
Bank Statement program available for lower credit scores, inquire at email@example.com
Apply Today, No Obligation! www.MoneylineNewYork.com
All programs are for Self-Employed borrowers, Offered in NYS only.
*Terms and restrictions apply.