Unconventional Mortgages and Loans (800) 718-8906

Unconventional Mortgages and Loans

Customer Service: (800) 718-8906

24 Months Business & Personal Commingle Accounts

Alt Doc – Niche Bank Statement Mortgage

Business and Personal Bank Accounts

If it is your bank statements that are holding you back from an approval, this could be the solution loan program for you.

“Borrower Prepared” Profit and Loss Statement | P&L

In Lieu of your tax returns, the Borrower Prepared Profit and Loss is used in conjunction with this specific loan program; 100% of your Business and Personal, intermingled Accounts along with and unaudited, Borrower Prepared Profit and Loss Statement to help you qualify for an Alt Doc Bank Statement mortgage loan.

Non-Prime Bank Statement Loan – 580 Credit Score to 85% LTV

How Can I Qualify?

Qualification is based on a 24-month average of all net deposits, business deductions not subtracted; making it a little easier for a self-employed borrower to qualify for a bank statement mortgage home loan.

Purchase Loan | Single Family Residence – Owner-Occupied:

580 Credit Score640 Credit Score660 Credit Score
85% LTV – $1,000,00085% LTV – $2,000,000 75% LTV – $2,500,000
75% LTV – $1,500,00080% LTV – $2,500,00070% LTV – $3,000,000
70% LTV – $2,000,00085% LTV – $2,500,000

Refinance Cash Out Loan | Single Family Residence – Owner-Occupied:

580 Credit Score640 Credit Score660 Credit Score680 Credit Score
75% LTV – $1,500,00080% LTV – $1,500,000 80% LTV – $1,500,00075% LTV – $3,500,000
70% LTV – $2,000,00075% LTV – $2,500,000 75% LTV – $2,500,00070% LTV – $4,000,000

Eligible Occupancies: Owner-Occupied & Second Home

Eligible Property Types: Single Family Residence, Condo, Duplex, 4 Unit

Eligible Liquid Assets: Stocks + Bonds + Retirement Vested** + Money Market Funds + Trust.

Accounts + Interest/Dividends

Required Credit:

Housing Payment History – Mortgage / Rent – No 90-day Lates in the Previous Year. Minimum Tradeline Requirements: 3 Tradelines – 1 Year History, or 2 Tradelines – 2 Year History

Housing Event Seasoning: Chapter 13 – Discharged – 1 Day | Chapter 13 – Dismissed – 1 Day | Chapter 7 – Discharged – 1 Day | Foreclosure – 1 Day | Short Sale & DIL – 1 Day 

Available in the Following States:

Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Maine, Maryland, Nevada, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington.

Alternative Income Documentation

Contact a Loan Officer

Non-Qualified Mortgage Lending

Alt Doc Purchase Loans

Alt Doc Refinance Loans

Category - Non-QM Lenders