Bank Statement Mortgage Lenders

  • 12 Months Personal Bank Statements - 90% (LTV) Financing

    Purpose:

    • Purchase
    • Refinance
    • Refinance - Cash Out to $4,000,000

    Maximum LTV: 90%

    Loan Amounts:

    • $6,000,000
    • $4,000,000 Maximum Cash Out

    Income Documentation:

    • Bank Statements: Business - 10% - 50% Expense Factor Maximum (90% - 50% deposits)
    • Bank Statements: Personal - 0% Expense Factor maximum (100% deposits)

    Self-Employment: Self Employed. Any type of business entity including 1099 Independent Contractor

    Property Types:

    • Single Family Residence (SFR)
    • Condo
    • 1-2 Unit

    Occupancy:

    • Owner Occupied

    Terms:

    • ARM 5/1 (5 year arm) ARM & 7/1 (7 year arm) ARM
    • 30 Year Fixed
    • Interest Only

    Credit Scores / Loan-to-Value:

    • 660 Minimum Credit Score for 85% LTV
    • 700 Minimum Credit Score for 90% LTV

    Major Credit Event Seasoning Requirement:

    • Bankruptcy - 2 years
    • Foreclosure - 2 years
    • Foreclosure - 2 years

     

    3-9-20 333051418

  • Self Employed Home Loan Program

    This loan program is for home buyers and homeowners that have recently experienced a housing event such as bankruptcy, foreclosure or short sale. Self Employed borrowers can document their income by providing bank statements in lieu of conventional to support income and if there is a wage earner borrower, too, primary or co-borrower, this applicant uses their W-2 and paystub for income documentation because this bank statement loan program does not have a prepayment penalty, borrower can refinance at any time to obtain a lower rate or take cash out.

    Guidelines and Highlights

    Purpose:

    • Purchase, Rate and Term refinance and Cash Out Refinance

    Income Program:

    • Alternative Documentation "Alt-Doc"

    Income Documentation:

    • Unconventional - 12 months Bank Statements for self-employed

    and or

    • Conventional - W-2 and paystub for wage earners

    Employment Types:

    • Self Employed
    • W-2 Salary Wage Earner

    Credit Criteria:

    • Mortgage History - 1 30-Day late for last 12 months
    • Bankruptcy Seasoning: - 1 Day
    • Foreclosure Seasoning - 1 Day
    • Short Sale - 1 Day

    Credit Scores:

    • 580 Minimum

    Loan to Value ratio (LTV)

    • 80%

    Debt to Income Ratio (DTI):

    • 50%

    Maximum Loan Amount:

    • $2,000,000

    Property Types:

    • Single Family Residence (SFR)
    • 1-2 Units
    • 2-4 Units

    Occupancies:

    • Owner Occupied / Primary
    • Investment

    Terms:

    • 30-Year Fixed
    • 15-Year Fixed
    • 7 Year ARM

    No Prepayment Penalty

     

    States: Arizona,California, Colorado, Florida, Georgia, Oregon, Washington

     

    Reference# 535 06131519-16-12-16

  • Asset-Based Loan Program

    Qualifying criteria for this loan program is liquid asset-centric. Retirement Account funds qualify.

    4506-T Not Required

    This loan program is specifically designed for high net worth borrowers. Qualifying calculation based on verified liquid assets as an alternative method to income verification to determine borrowers ATR Ability to Repair.

    Our investors take a common-sense approach to underwriting the creditworthiness of a particular borrower in regard to the individual's ability to repay the loan. People and their financial situations can be complex and unique, each with their own qualities and compensating factors. Our objective is to identify a borrower's reasonable ability to repay a loan while mitigating risk for the end investor. Often the answer is overwhelmingly obvious that the applicant is worthy of a loan and thus the interest rate, fees and terms offered are very reasonable. Unconventional income is often better in terms of proper evaluation. This decision is centered upon the verification of the income documents provided by the borrower.

    Verified Assets for income, down payment, closing costs and cash reserves

    Foreign Nationals OK for second homes and investment properties

    Loan Amounts

    • $750,000 Maximum Loan Amount
    • $500,000 Maximum Cash Out

    Alternative Income Documentation

    • 12 months bank statements - Large or Disproportionate Deposits Must Be Sourced
    • No Tax Returns, W-2's, Paycheck Stubs, Profit and Loss Statements Required
    • Self Employed and W-2 salary employees - OK

    Eligible Asset Documentation

    • 12 months seasoned required - actual bank statements, not computer browser summary print out
    • VOD / Verification of Deposit - OK
    • Liquid assets for down payment and closing costs required

    Acceptable Asset Documentation Sources:

    • Checking and savings account - 100%
    • Stocks and bonds - 75%
    • Mutual funds - 75%
    • 401K and IRA - 75%
    • "Business funds" - OK

    The amount of liquid reserves required is quantified by the number of month's cash reserves as well as the total loan amount

    Loan Amounts - PITI Reserves Requirements :

    • <$625,000 - 6 months
    • $625,000 - 9 months
    • $1,000,000 - 12 months' reserves
    • $2,000,000 - 18 months' reserves

    $3,000,000 - 24 months' reserves

    Loan Purpose:

    • Purchase
    • Refinance Rate & Term
    • Refinance and Cash Out

    Property Types:

    • SFR / Single Family Residence
    • PUD's
    • 1-2 Unit

    Owner Occupied / Primary Residence

    680 Credit Score

    • 75% LTV to $1,000,000
    • 65% LTV to $2,000,000
    • 50% LTV to $3,000,000

    Second Home

    640 Credit Score

    • 65% LTV to $750,000
    • 60% LTV to $2,000,000con
    • 50% LTV to $3,000,000

    Investment Property

    660 Credit Score

    • 75% LTV to $750,000
    • 65% LTV to $2,000,000
    • 50% LTV to $3,000,000

    Cash Out requirements- 12 months title seasoning required to use current market value for LTV qualification

    Credit Criteria:

    Derogatory tradelines (liens, judgments, charge-offs, and collections) - 2 years seasoned

    Housing Event Seasoning Requirements:

    • Foreclosure - 2 years seasoned
    • Bankruptcy - 4 years seasoned
    • Short Sale - 2 years seasoned
    • Mortgage lates - 2 years seasoned

    Tradelines:

    • 5 tradelines - 24 months history
    • 3 tradelines open and active - 24-month history

    Underwriter Notes:

    Loan Amounts greater than $1,000,000 requires 2 appraisals

    Gift money and or equity - no can do

    Permanent and Non-Permanent Resident Aliens - OK

    First Time Homebuyers - OK to 60% LTV with a maximum loan amount of $1,200,000

    Nonexistent housing history for last 2 years considered

    Dodd-Frank Compliant

    States: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Minnesota, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Virginia, Vermont, Washington, Wisconsin, West Virginia

     

    Reference # 444 010288

  • Use Bank Statements as Income Alternative

    Income Documentation Programs for Self-Employed Borrowers | Form 4506-T Not Required

    Income Documentation Options:

    • Asset Depletion / Asset Based (in conjunction with any Full or Alt Doc program)
    • Bank Statements
    • Lite Doc
    • Reduced Doc

    Self-Employed Only

    • Tax Returns not required
    • 4506T not required

    Bank Statement Documents:

    • 1 Month Personal Bank Account Statement
    • 2 Months Personal Bank Account Statements
    • 3 Months Personal Bank Account Statements
    • 6 Months Personal Bank Account Statements
    • 12 Months Personal Bank Account Statements 
    • 24 Months Business Bank Statements

    Primary borrower must be self-employed - W-2 Co-Borrower OK

     

    Primary borrower must be self-employed - W-2 Co-Borrower OK

    Self-employed is defined by 25% ownership in a company

    Cash Out Refinance available to $1,000,000

    3 Reduced Doc Options:

    1 year Lite Doc

    1 year W2 or 1 year 1099 in lieu of the standard 2-year income history and employment history verification requirements including full tax returns with all schedules

    4506T is executed but for only the 1 year W-2. Not the previous year.

    4506T is not executed for the self-employed borrower

    Tax Returns not required

    • 1 Year Tax Returns instead of the standard 2-year requirement
      • 4506T is executed but for only the 1-year tax return
    • 1 Year P&L Profit and Loss Statement
      • Borrower prepared and Unaudited
        • Tax returns not required
        • IRS Form 4506-T not required

    Jumbo Loan Amounts:

    • Owner Occupied
      • $2,500,00 for purchase and rate/term refinance - 80% LTV maximum
      • $2,000,000 for Cash Out - 75% LTV maximum
    • Non-Owner Occupied / Investment Properties
      • $$1,000,000

    Percentage of Financing: 90% LTV Maximum

    Assets / Reserves: 24 months reserves seasoned for 3 months or VOD Verification of Deposit

    Property Types:

    • SFR Single Family Residence
    • Condominiums < 4 stories
    • Condominiums - highrise OK
    • Townhouses
    • 1-2 Units
    • 2-4 Units
    • Duplex

    Occupancies:

    • Owner Occupied
    • Second Home
    • Non-Owner Occupied

    Available Terms:

    • ARM's: 3/1, 5/1, 7/1, 10/1
    • Fixed Rates: 15 Year, 20 Year, 30 Year

    600 Credit Score to 80% LTV

    3 previous 30-day mortgage lates within previous 12 months OK

    Underwriting Notes:

    Short Sale, 1 day seasoned

    Foreclosure, 1 year seasoned

    Bankruptcy, 1 year seasoned

    55% max DTI

    1 60-day previous mortgage late within the last 12 months OK

     

    States: Alabama | Arizona | Colorado | California | Florida | Georgia | Maryland | Massachusetts | New Jersey | North Carolina | Oregon | Pennsylvania | South Carolina | Tennessee | Texas | Utah | Virginia | Washington

    Gift Funds for down payment OK if from an immediate family member or it must be 60 days seasoned (exceptions with other compensating factors)

  • Jumbo Bank Statement Loan to $3,500,000

    Purpose: Purchase Rate & Term Refinance - Rate & Term and Cash Out

    • Maximum Cash Out - $2,000,000

    Available Loan Amounts:

    • $3,000,000 Maximum

    Eligible Employment Types:

    • Self Employed  (Defined as =/> 25% Owner)
    • Wage Earner / W2 Co-Borrower - OK

    Eligible Employment History:

    • One Year Employment History - OK "Lite Doc"

    Employment Verification:

    Acceptable (VOE) Verification of Employment lender guideline options:

    • Business License
    • Business Organization Paperwork or regulatory equivalent.
    • CPA Letter or equivalent

    Income Documentation: (No 4506-T)

    • 12 Months or 24 Months Business Bank Statements
    • 12 Months or 24 months Personal Bank Statements
    • "Borrower Prepared" & Unaudited Profit & Loss Statement -No 4506T Form or CPA Letter Required..yes!

    Liquid Reserves Requirements:

    6 For self-employed borrowers, liquid reserve requirements - business bank account OK - percentage utilization allowed is equal to the percentage of ownership. - for example, 60% owner of the business can utilize 60% of the business bank account balance.

    Utilize Liquid Assets for Additional Qualifying Income

     Eligible Liquid Assets Examples:

    • Checking & Savings Accounts
    • Stocks
    • Bonds
    • Mutual funds
    • Certificates of Deposit
    • Money Market Funds
    • Trust Accounts
    • Retirement Accounts "amount invested"
    • Trade Equity
    • Savings Bonds
    • Trust Accounts
    • Sale of Real Estate

    Eligible Business Entities:

    • C Corporation
    • S Corporation
    • LLC
    • Sole Proprietor

    Eligible Property Types:

    • SFR - Single Family Residence - Detached
    • SFR - Single Family Residence - Attached
    • 1 - 2  Units
    • 2 - 4 Units
    • Condominiums
    • PUD's

    Eligible Occupancies:

    • Owner-Occupied
    • Investment
    • Second Home (Vacation)

    Credit:

    Credit Scores - 620 Minimum

    720 Score - Max LTV 85%

    Housing / Life Event Credit Seasoning:

    • Bankruptcy: 4 years, 3 Years with Compensating Factors
    • Foreclosure: 4 years, 3 Years with Compensating Factors
    • Short Sale: 4 years, 2 Years with Compensating Factors
    • Loan Modification: 4 Years, 3 Years with Compensating Factors

    Compensating factor examples: Low LTV. Low DTI. Credit depth and over-all seasoning

    DTI - 50% Max

    States:

    Alabama, Arizona, Arkansas, California, Colorado, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Kansas, Louisiana, Maryland, Massachusetts, Nevada, New Jersey, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin

    reference: 255.052519

    Rate & Term 

  • Purpose:

    • Purchase / Rate & Term Refinance - 90% LTV
    • Cash Out - 85% LTV

    Loan Amounts:

    • $3,000,000 Maximum
    • $2,000,000 Cash Out

    Employment Types:

    • Self Employed - Two Years Minimum
    • Wage Earner / W2 Co-Borrower OK

    Eligible Business Entities:

    • Corporation
    • LLC
    • Sole Proprietor

    Employment Verification:

    • Business License or Business Certificate If Applicable
    • CPA Letter or Equivalent

    Income and Employment Documentation:

    • 12 Months Bank Statements
    • Borrower Prepared and Unaudited Profit and Loss Statement. Bank Account or Personal Bank Account  - OK
    • Utilize Liquid Assets for Additional Income
      • Checking Accounts, Savings Accounts, Stocks, Bonds, Mutual Funds, Certificates of Deposit, Money Market Funds, Trust Accounts, Retirement "amount invested", Trade Equity, Savings Bonds, Peanut Butter & Jelly Sandwiches with the Crusts Removed, Trust Accounts, Sale of Real Estate, Etc.

    Property Types:

    • SFR - Detached
    • SFR - Attached
    • 2-4 Units
    • Condominiums
    • PUD's

    Occupancies:

    • Owner-Occupied
    • Investment
    • Second Home

    Credit Scores:

    • 620 Minimum
    • 720 Score: LTV 90%

    Credit Seasoning:

    • Bankruptcy: Four Years, Two Years with Compensating Factors
    • Foreclosure: Four Years, Two Years with Compensating Factors
    • Short Sale: Four Years, Two Years with Compensating Factors
    • Loan Modification: Four Years, Two Years with Compensating Factors

    Compensating Factor Examples: Low LTV. Low DTI. Credit Depth and Over-All Seasoning

    DTI – 50

    r 3-9-20 0229919

  • Self Employed Mortgage Option - Non-Qualified (Non-QM) Mortgage Program

    Income Documentation - One Month Bank Statement Program.

    The income is stated and is not calculated fromthe one-month bank statement. The bank statement qualifying criteria is the account ends in a positive balance and no NSF's.

    This one-month bank statement program is weighed almost entirely on the credit history of theborrower and again is stated with a 50% Debt-to-Income (DTI) ratio and cash reserves are not required. No 4506-T form means no tax transcripts. Non-QM Mortgage Program.

    Verification of Employment Options (VOE):

    • Business License
    • CPA Letter
    • EA (Enrolled Agent) Letter
    • Articles of Incorporation
    • Articles of Business Organization
    • 4506-T not required

    Purpose:

    • Second Mortgage

    Eligible OccupancyOwner-Occupied Only

    • Single Family Residence Only

    Loan-to-Value (LTV):

    • 80% Purchase
    • 75% Refinance (Rate&Term)
    • 70% Refinance (Cash-Out)

    Maximum Loan Amount:

    • $3,000,000

    Eligible Property Types:

    • Single Family Residence - Attached (SFR)
    • Single Family Residence - Detached (SFR)
    • Townhome
    • Condo

    Credit:

    Clean mortgage history - 5 years seasoned (24-month history verification)

     

    Depth (criteria):

    • One open account tradeline with at least 3 years seasoning
    • Two open account tradelines with at least 1 years seasoning

    Major "Housing Event" Required Seasoning: 

    • Bankruptcy - 4 years
    • Foreclosure - 4 years
    • Short Sale - 4 years
    • Deed-In-Lieu - 4 years
    • Consumer Credit
      • Charge-offs, Collections, Tax Liens - 3 years seasoned

     

    157-3-9-21

  • Second Mortgage Bank Statement Mortgage Loan Program

    Stand-Alone Second Mortgage Program

    Required Credit Score - 700

    CLTV (Combined Loan-to-Value) / Loan Amount:

    • 85% CLTV / $250,000
    • 80% CLTV / $350,000
    • 75% CLTV / $500,000

    Property Types

    • Single Family Residence
    • Townhomes
    • Condos
    • PUD's

    Occupancy:

    • Owner-Occupied Only

    Cash Reserves:

    • 3 Months PITI - Principle, Interest, Tax, and Insurance

    Credit Criteria:

    Credit Criteria Credit Accounts/Tradelines:

    This second mortgage bank statement mortgage loan requires the borrower's credit report to show a minimum of 3 open or closed tradelines with a minimum of 12 months of activity history or 2 tradelines with a 24-month history that also requires activity within the previous 12 months, not including Authorized User-Accounts. Alternative tradelines are acceptable such as a 12 months housing payment history. Credit accounts to which the borrower is not required to make payments is not considered an acceptable tradeline such as deferred loans, derogatory items such as collections, charge-offs, including accounts that were discharged in a bankruptcy.

     

    reference# 225-7-18-5-5-14

  • Alternative Income Documentation for Self-Employed and W2 Commission Business Professionals

    6 Months Business and/or Personal Bank Statements 

    This 6 Month Super Jumbo Bank Statement Non-Qualified Mortgage (Non-QM) Loan program is for all residential property types and occupancy types including investment properties. This lender requires a minimum credit score of 660 and goes to a maximum loan-to-value ratio (LTV) of 80% See details below:

    660 Minimum Middle Credit Score

    Eligible Transactions:

    • Purchase
    • Refinance - Rate/Term
    • Refinance - Cash Out

    Eligible Occupancies:

    • Owner-Occupied / Primary Residence
    • Second Homes
    • Investment Properties - 6 Maximum

    Eligible Property Types:

    • Single Family Residence (SFR)
    • Condominiums (including non-warrantable condos)
    • Planned Urban Development (PUD's)
    • 2 - 4 Unit

    Loan-to-Value / Maximum Loan Amounts:

    SFR, Condos, and PUD's: Owner-Occupied / Primary Residence

    • Purchase and Rate / Term Refinance
      • 80% LTV - $1,000,000
      • 75% LTV - $3,000,00
    • Cash Out Refinance
      • 70% LTV - $1,000,000
      • 65% LTV - $3,000,000

    Second Home - Purchase and Rate/Term Refinance

      • 65% LTV - 3,000,000

    Second Home - Cash Out Refinance:

      • 65% LTV - $3,000,000

    2-4 Unit's

    Purchase/Rate and Term

    • Owner-Occupied / Second Home
      • 70% LTV - $3,000,000
    • Owner Occupied / Second Home - Cash Out Refinance
      • 65% LTV - $3,000,000

    SFR, 1-4 Units, Condos & PUD's

    Purchase and Rate/Term Refinance

    • Investment Property
      • 70% LTV - $3,000,000

    Cash Out Refinance

    • Investment Property
      • 65% LTV - $3,000,000

    Purchase/Rate and Term

    • Owner-Occupied / Second Home
      • 70% LTV - $3,000,000
    • Owner Occupied / Second Home
      • 65% LTV - $3,000,000

     

    Ref# 548 10-13-1-3 554 22-5-14

  • Purpose: Purchase, Refinance Rate & Term and Cash Out

    Cash Out - 6 Months Purchase Seasoning Required to use Current Market Value for LTV purpose

    Loan Amounts: Jumbo and Super Jumbo Loan Amounts:$6,000,000

    Eligible Employment Types:

    • Self Employed (defined as >25% ownership)
    • Wage Earner - Co-Borrower)

    Verification of Employment: (VOE)

    Self-Employment Documentation: (VOE)

    • Evidence of Ownership 2 years
      • Business Entity 2 Years: Articles of Incorporation
      • Evidence of Ownership: 2 Years: Business License, CPA Letter

    Wage Earner | Lite Doc:

    • One (1) Year Employment Verification
    • Previous Year W2 and YTD Paycheck Stub
    • Verbal Verification of Employment
    • 4506-T Signed and Executed

    Self Employed Income Documentation:

    • 24 Months Business Bank Statements
    • 24 Months Personal Bank Statements
    • 12 Months Business Bank Statements
    • 12 Months Personal Bank Statements
    • 6 Months Personal Bank Statements

    Wage Earner:

    • One Year W2
    • Previous One Year Tax Returns

    Liquid Assets Requirements:

    • 80% LTV - 6 Months PITI
    • 80% LTV - 3 Months PITI

    Separate Sources of Funds Must be Documented and Verified.

    Property Types:

    • SFR - Detached
    • SFR - Attached
    • Warrantable Condominiums
    • PUD's

    Occupancies:

    • Owner Occupied
    • Non Owner Occupied / SFR Investment

    Credit:

    Credit Scores

    • 600 Minimum

    Credit Criteria Notes:

    • Mortgage – 12 Months, 0X30 Days Late. 24 Months, 0X60 Days
    • Back Taxes, Judgments, Charge-Offs, Tax Liens, Title Liens. All Must Be Paid Before the Closing Table

    Credit Seasoning:

    • Bankruptcy
      • Chapter 7: 3 years
      • Chapter 13: 2 years
    • Foreclosure: 3 years

    Separate sources of income must be documented and verified.

    410.09.17o11r45i

  • 12 Months and 24 Months Bank Statements Alt Doc Home Loan

    700 Credit Score:

    • $1,500,000 Loan Amount | 4 Months Reserves
      • LTV 90% - Purchase
      • LTV 85% - Cash Out Refinance
    • $2,000,000 Loan Amount | 6 Months Reserves
      • LTV 90% - Purchase
      • LTV 85% - Cash Out Refinance
    • $2,500,000 Loan Amount | 6 Months Reserves
      • LTV 90% - Purchase
      • LTV 85% - Cash Out Refinance
    • $3,000,000 Loan Amount | 9 Months Reserves
      • LTV 85% - Purchase
      • LTV 80% - Cash Out Refinance
    • $4,000,000 Loan Amount | 12 Months Reserves
      • LTV 90% - Purchase
      • LTV 85% - Cash Out Refinance
    • $4,500,000 Loan Amount | 6 Months Reserves
      • LTV 85% - Purchase
      • LTV 80% - Cash Out Refinance

     

    680 Credit Score:

     

    • $1,500,000 Loan Amount | 4 Months Reserves
      • LTV 90% - Purchase
      • LTV 85% - Cash Out Refinance
    • $2,000,000 Loan Amount | 6 Months Reserves
      • LTV 90% - Purchase
      • LTV 85% - Cash Out Refinance
    • $2,500,000 Loan Amount | 6 Months Reserves
      • LTV 90% - Purchase
      • LTV 85% - Cash Out Refinance
    • $3,000,000 Loan Amount | 9 Months Reserves
      • LTV 85% - Purchase
      • LTV 80% - Cash Out Refinance
    • $4,000,000 Loan Amount | 12 Months Reserves
      • LTV 90% - Purchase
      • LTV 85% - Cash Out Refinance
    • $4,500,000 Loan Amount | 18 Months Reserves
      • LTV 85% - Purchase
      • LTV 80% - Cash Out Refinance

    Maximum Loan Amount: $4,500,000

    Credit Notes:

    • Minimum credit score: 580
    • No mortgage lates allowed previous 24 months
    • Housing Credit Event Seasoning 36 Months (Bankruptcy, Foreclosure, Short Sale, Loan Modification)
    • Minimum tradelines 2 open and active minimum of 12 months

    Cash-Out (Cash in Hand) Limit:

    • Maximum LTV - 80%
    • Loan amount > $1,500,000 Maximum LTV - 75%

    Eligible Property Types:

    • Single Family Residence
    • Condo (non-warrantable condo maximum loan amount - $2,000,000)
    • 2-4 Units - Maximum LTV - 85%

    DTI (Debt-to-Income Ratio):

    • 55%

    Terms Available

    • ARM's
      • 5/1 LIBOR
      • 7/1 LIBOR
    • Fixed Rate
      • 30 Year Fixed
      • 15 Year Fixed
    • Interest Only - 120 Month Term

     This particular loan program is available in the following states:

    Alabama, Arizona, Arkansas, California, Colorado, Delaware, District of Columbia, Florida, Georgia, Illinois, Indiana, Kentucky, Maryland, Michigan, Minnesota, Nevada, New Jersey, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, Wyoming. We have dozens of bank statement loans that cover all states.

     

    Reference # 541 052218 10-13-1-3 

  • Alternative Income Documentation - Bank Statement Month Options

    Business or Personal (co-mingled) Account Statements

    Bank Statement Terms by Month:

    • One Month - Business Account
    • Two Month - Personal Account
    • Six Month - Personal Account
    • Twelve Month - Business Account or Personal Account (co-mingle business and personal account(s) with borrower prepared P&L)
    • Twenty Four Month - Business Account or Personal (co-mingle business and personal account(s) with borrower prepared P&L)
    • Interest Only Available - 40 Year Amortization

    Eligible Purpose Transactions:

    • Purchase
    • Refinance - Rate/Term
    • Refinance - Cash Out

    Primary Residence / Owner-Occupied:

    • Single Family Residence
    • 1-2 Unit
    • 1-4 Unit

    Matrix: Credit Score / LTV / Loan Amount

    • Purchase and Rate & Term
      • 550 - 65% - $1,000,000
      • 580 - 75% -$1,500,000
      • 640 - 80% - $2,000,000
      • 680 - 85% - $3,000,000
      • 700 - 90% - $3,000,000
    • Refinance - Cash-Out:
      • 580 - 65% - $1,000,000
      • 640 - 70% - $1,500,000
      • 680 - 75% - $1,500,000
      • 720 - 80% - $2,000,000

    Investment / Non-Owner-Occupied:

    • Single Family Residence
    • Condo
    • 1-2 Unit
    • 1-4 Unit

    Matrix: Credit Score / LTV / Loan Amount

    • Purchase and Rate & Term:
      • 620 - 70% - $1,000,000
      • 640 - 70% - $1,500,000
      • 660 - 75% - $2,000,000
      • 680 - 80% - $2,500,000
      • 700 - 80% - $3,000,000 
    • Refinance - Cash-Out:
      • 620 - 65% - $500,000
      • 640 - 65% - $1,000,000
      • 680 - 75% - $1,500,000
      • 720 - 75% - $2,000,000

    Major Credit / Housing Event Seasoning Requirements:

    • Bankruptcy
      • Settled - 70% LTV
      • One Year - 80% LTV
      • Two Years - 85% LTV
      • Three Years - 90% LTV
    • Foreclosure
      • Settled - 75% LTV
      • One Year - 80% LTV
      • Two Years - 85% LTV
      • Three Years - 90% LTV
    • Short-Sale
      • Settled - 75% LTV
      • One Year - 85% LTV
      • Two Years - 90% LTV
    • Deed-in-Lieu
      • Settled - 75% LTV
      • One Year - 8% LTV
      • Two Years - 85% LTV

    Documentation:

    • Credit report: <90 Days old at Closing
    • Income and assets: <90 Days old at Closing

    Eligible Liquid Assets Account Types

    • Socks, bonds, mutual funds: 75%
    • Retirement funds amount invested, 65%
    • Giift of equity not allowed

    Interest Only payment feature available to 80% LTV

    c1-11t-10l1-117

  • 12 and 24 Months Bank Statement Alternative Income Documentation 

    80% LTV Purchase R/T up to $3,000,000

    Interest Only Available

    Owner-Occupied / Primary Residence:

    • Purchase and Rate/Term Refinance
      • 680 Credit Score: 75% LTV - $2,500,000
      • 700 Credit Score: 75% LTV - $3,000,000
    • Cash Out Refinance
      • 680 Credit Score: 70% LTV - $1,500,000
      • 680 Credit Score: 65% LTV - $2,500,000

    Second Home

    • Purchase and Rate/Term Refinance
      • 700 Credit Score: 75% LTV - $1,500,000
      • 700 Credit Score: 70% LTV - $2,500,000
    • Cash Out Refinance
      • 700 Credit Score: 65% LTV - $1,500,000
      • 700 Credit Score: 60% LTV - $2,500,000

    Non Owner Occupied / Investment Property

    • Purchase and Rate/Term Refinance
      • 700 Credit Score: 70% LTV - $1,500,000
      • 720 Credit Score: 60% LTV - $2,000,000

    Cash Out Refinance Notes:

    • Maximun Cash Out - 45% of total loan amount up to 75% LTV
    • < 55% Loan-to-Value (LTV): Unlimited
    • Florida Condos: 55% Maximum

    Interest Only payment feature available to 80% LTV

    Documentation:

    • Credit report: <90 Days old at closing
    • Income and assets: <90 Days old at closing

    Liquid Assets

    • Full assets required for both down payment and closing costs
    • Business bank account funds can be used for "reserves" if borrower is 100% owner of business

    Asset Utilization

    • Socks, bonds, mutual funds: 75%
    • Retirement funds amount invested, 65%
    • Gift of equity not allowe

    Reference - c111t10l1117

  • Non-Qualified Mortgage (Non-QM) - Jumbo Programs

    Income Documentation: Asset Utilization and Cash-Flow (bank statements) Program - Creative Financing

    This loan program is designed for borrowers who fall just outside Prime Jumbo

    Income Documentation for self-employed borrowers and or W2 Commission Employee

    2 Options:

    • Bank Statements - 24 months business bank account or 12 months personal bank account with or without Asset Depletion (asset utilization)

    Low Doc

    • 1 year W-2 and/or 1-year tax return (stand-alone or in conjunction) with YTD Profit & Loss (P&L) - Borrower Prepared and unaudited

    Bank Statements and Low Doc programs are for self-employed borrowers only. Co-borrower W-2 employee OK for Low Doc - 1 year W-2 in lieu of the traditional 2 year requirement

    Max Debt-to-Income ratio: (DTI) 50% based on and/or (stand-alone or in conjunction) liquid assets, cash-flow and real estate portfolio equity

    Loan Purpose percentage of financing

    Purchase - 10% Down Payment

    Refinance - 90% LTV

    Cash Out Refinance - 85% LTV

    Credit

    Minimum Mortgage Credit Score: 660 (middle score)

    4 years seasoning required on Bankruptcy, Foreclosure, n Modification

    Loan Amounts

    $2,500,000 maximum

     

    reference - 1245587

  • This loan program is designed for home-buyers (purchase transaction) and home-owners (refinance transaction) that do not want toprovide (Form 4506-T not required) or are unable to produce (business and/or personal tax returns, W-2's, paycheck stubs, lease agreements, etc..) traditional income documentation; have been on their job/profession/a business owner for less than 2 years; have a major credit event on their credit report (Non-Prime) such as a bankruptcy, foreclosure, short-sale, loan modification, or automobile repossession; have a Full Doc debt to income ratio higher than 43% or would like a more flexible term such as a 40-year amortization payment with or without an "interest-only" payment option or just happen to fall outside the credit (depth or seasoning) guideline requirements of a Qualified (QM) or "prime" jumbo mortgage loan.

    Creative "Ability-to-Repay" (ATR) Financing:

    Asset Utilization and/or Cash-Flow (bank statements) Loan Program 

    Loan Amount: $3,500,000

    Borrower Credit Profile:

    • Cannot provide conventional "Full Doc" income documentation
    • Unseasoned (<2 years) employment history
    • Unseasoned credit event (bankruptcy, foreclosure, short-sale, loan modification
    • >43% Debt-to-Income (DTI) ratio

    Loan Purpose percentage of financing:

    • Purchase - 10% Down Payment
    • Rate/Term Refinance - 90% LTV
    • Cash Out Refinance - 85% LTV

    Income Documentation Program - 2 Options:

    "Alt-Doc" (self-employed): Bank Statements and/or Asset Depletion/asset utilization

    • 24 Months Business bank account
    • 12 Months Personal bank account
    • Asset Depletion (asset utilization)

    "Low Doc" (self-employed and W-2): Reduced Doc

    • 1 year W-2 and/or 1-year tax return
    • Self-Employed - "Borrower Prepared" (and unaudited)YTD Profit & Loss (P&L)

    Alt-Doc and Low Doc programs are for the primary and self-employed borrower.

    • Co-borrower W-2 employee OK for Low Doc - 1 year W-2 in lieu of the traditional2-year requirement

    Debt-to-Income ratio: (DTI) 55% based on bank statement cash-flow, liquid asset reserves (stand-alone or in conjunction with bank statements) liquid assets, cash-flow, and real estate portfolio equity

    Credit Notes:

    Mortgage Credit Score:

    • 660 minimum middle score or lower of 2 scores

    Seasoning:

    • Bankruptcy - 3 years from discharge date
    • Foreclosure - 2 years
    • Short-Sale - 2 years
    • Loan Modification - 2 years

     

    Reference # - 1245587

  • Alt-Doc Mortgage Program

    Alt Doc: Owner-Occupied

    Credit Score Purchase Refi - Rate & Term Refi - Cash Out
    750 90% LTV 90% LTV 85% LTV
    720 80% LTV 80% LTV
    75% LTV
    680 75% LTV 70% LTV
    65% LTV

     

    Alt-Doc: Non-Owner Occupied

    Credit Score Purchase Refi - Rate & Term Refi - Cash Out
    750 80% LTV 80% LTV 75% LTV
    720 75% LTV 75% LTV
    70% LTV
    680 70% LTV 70% LTV
    65% LTV

     

    Alt-Doc: Investment Property / Second Home

    Property Types Purchase Loan Rate & Term Refinance Cash Out Refinance
    SFR Investment Property 80% LTV 80% LTV 75% LTV
    SFR Vacation Home 80% LTV 80% LTV 75% LTV
    Duplex 80% LTV 80% LTV 75% LTV
    4 Unit 75% LTV 75% LTV 70% LTV

     

    90% LTV (loan-to-value) Financing

    $1,000,000 - Maximum loan amount:

    • 3 Month Reserve Requirement for Each Property Owned

    $2,500,000 - Maximum loan amount:

    • 6 Month Reserve Requirement for Each Property Owned

    Residual Income Requirement: / DTI

    DTI Less Than 35% - $2000 Monthly Residual Income

    DTI Greater Than 35% - $3000 Monthly Residual Income

    Property Types:

    SFR Single Family Residence

    PUD Planned Urban Development

    Condo

    • Non-Warrantable

    DTI

    50% with 680 Credit Score to 80% LTV

    Interest Only payment Available - 680 Credit Score

    Gift Funds

    100% financing available with 20% gift

    Underwriting Notes:

    Super Jumbo Loan Amounts require a second appraisal

    Credit Notes:

    0 30 Day Mortgage Lates - 12 Month History

    Maximum Properties Owned:

    Owner Occupied - No Limit

    Investment Property or Second Home - 10 Maximum unless LTV

    • less than 75%, LTV, No Limit

     

    Reference # 214 554488

  • Non-Prime Super Jumbo Bank Statement Loan

    24 Consecutive Months Personal or Business Bank Statements

    Alternative Income and Verification of Employment Documentation Options:

    Self-Employed Alternatives:

    • Bank Statements

    • Borrower Prepared P&L

    • Tax Returns Not Required

    • Form 4506-T Not Required

    Jumbo Maximum Loan Amount - $4,000,000

    Flexible Debt-to-Income Ratios - 55%

    Full Doc for Salary Employee - W-2's and 30 Days Paycheck Stubs

    Full Doc for Commission Professional - 2 years 1040's and Profit and Loss Statement

    Liquid Assets Not Required

    No Mortgage Lates

    Be advised, the following Credit Scores are Mortgage Credit Scores - Consult a Mortgage Professional to be properly pre-qualified without having your credit checked 

    No Liquid reserve requirement - $0

    For this program, Underwriter will utilize 100% of Personal Bank Statement deposits and as much as 90%  of Business Bank Statement deposits along with either a "Borrower Prepared Unaudited Profit and Loss" or an expense Letter from CPA or Tax Preparer Professional.

    -Let a Mortgage Professional qualify your debt ratio

    Rural properties OK for A through B- credit grades 

    • Purchase Loans LTV - Credit Score:
      • 90% LTV - 700 Middle Credit Score
      • 85% LTV -640 Middle Credit Score
      • 80% LTV - 600 Middle Credit Score
      • 75% LTV - 550 Middle Credit Score
      • 65% LTV - 500 Middle Credit Score
    • Cash Out Refinance  LTV - Credit Score:
      • 75% LTV - 700Middle Credit Score
      • 75% LTV - 660 Middle Credit Score
      • 75% LTV - 600 Middle Credit Score
      • 70% LTV - 550 Middle Credit Score
      • 65% LTV - 500 Middle Credit Score
    • Major Derogatory Credit Seasoning Requirements:
      • Bankruptcy- 2 years seasoned
      • Foreclosure - 2 years seasoned
    • Property Types:
      • Single Family Residence
      • Condo
      • Non-Warrantable Condos
      • Townhouse
      • 2-4 Unit
      • Condotels Case-Specific
    • Eligible Occupancy Types:
      • Owner Occupied
      • Non Owner Occupied
      • Second Home

     

    R 3-9-20-1-4-5-12

  • Jumbo Second Mortgage | Form 4506-T Not Required

    80% LTV 2nd mortgage to $350,000 Alt-Doc for Self-Employed Borrowers and Full Doc for everyone.

    This program is a Non-QM (non-qualified mortgage) with some Non-Prime qualities.

    Below are some specific underwriting guidelines and credit notes:

    • 710 Credit Score
      • 85% Loan-to-Value
      • Mortgage History: No 30-day Lates for Previous 12 Months
      • Bankruptcy - 3 Years Seasoning
      • Foreclosure - 3 Years Seasoning
      • Short Sale - 2 Years Seasoning
    • 660 Credit Score
      • 80% Loan-to-Value
      • Mortgage History: One 30-Day Late Maximum for Previous 12 Months
      • Bankruptcy - 2 Years seasoning
      • Foreclosure - 2 Years seasoning
      • Short Sale - 1 Year seasoning
    • 610 Credit Score
      • 70% Loan-to-Value
      • Mortgage History - One 60-Day Late Maximum for Previous 12 Months
      • Bankruptcy - 2 Year Seasoning
      • Foreclosure - 2 Year Seasoning
      • Short Sale - No Seasoning
    • 550 Credit Score
      • 65% LTV
      • Mortgage History - One 90-Day Late Maximum for Previous 12 Months
      • Bankruptcy - One Year Seasoning
      • Foreclosure - One Year Seasoning
      • Short Sale - No Seasoning

    Typically, lenders will require conventional income documentation to qualify for their mortgage programs, examples include:

    Conventional "Full Doc"

    • Wage Earner
      • W-2's
      • Paycheck Stubs
      • Tax Returns
    • Self-Employed
      • Tax Returns
      • CPA Letter

    This lender and program do not require traditional income documentation. Furthermore, 4506-T Not Required.

    Unconventional "Alt Doc"

    Required Alternative Income Documentation:

    Bank Statements Only with a "Borrower Prepared" and Unaudited Profit & Loss Statement

    24 Months Personal or Business Bank Statements

    Available Loan Amounts:

    • $100,000 Minimum
    • $350,000 Maximum

    Credit Score: 550 minimum

    50% Debt to Income (DTI)

    Occupancy:

    • Owner Occupied Only

    Property Types:

    • Single Family Residence
    • Condominiums - Warrantable
    • Town Homes

    Terms:

    • ARM
      • 5/1
      • 7/1
      • 10/1
    • Fixed
      • 15 Year
      • 20 Year

    States: Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Idaho, North Carolina, Oregon, Texas, Utah, Virginia, and Washington

     

    Reference# - 545221

  • Super Jumbo Bank Statement loan

    Tax Returns Not Required

    Utilize personal or business bank statements in lieu of traditional income documents

    Income Documentation Alternative:

    24 Months Business or Personal Bank Statement Program to $2,000,000

    Employment Types:

    • Self Employed with W-2 Wage Earner Co-Borrower OK

    Loan to Value:

    • 80% LTV to 1 Million 580 Credit Score
    • 70% LTV to 1 Million 500 Credit Score

    Credit notes:

    • 1 year seasoning required from bankruptcy discharge date
    • 2 years seasoning required for short sales and foreclosures

    Loan Purpose:

    • Purchase
    • RefinanceCash Out Refinance - $500,000 maximum

    Property Types:

    • SFR Single Family Residence

    Occupancies:

    • Owner Occupied
    • Second / Vacation Home – 75% maximum LTV

    Debt-to-Income Ratio "DTI"

    • 50% maximum

    States:

    Alabama, Arizona, California, Colorado, District of Columbia, Georgia, Florida, Iowa, Indiana, Kentucky, Maryland, Michigan, Minnesota, North Carolina, Ohio, Oregon, South Carolina, Tennessee, Texas, Virginia, Wisconsin

     

    Reference # - 125 527030515 NP

  • Bank Statement Loan for Self Employed Borrowers

    November 2019

    Bank Statement Income Loan

    Self Employed Only - Person6al or Business Bank Statements.

    Bank Statement loan means to utilize 12 or 24 months of borrower personal and or business bank statements to show income in lieu of traditional income documents. This income documentation option is for the owner-occupied purchase, refinance and or cash out loan.

    This lender requires 24 months and will utilize gross monthly deposit amounts to represent gross income. Personal bank statements can be used as business bank statements. All pages required (except processed checks) for all months.

    Asset Depletion Income Loan

    For the investment property buyer, including non-owner occupied and Second Home as well asmulti-unit business loans, this lender has an additional income documentation program, the "asset depletion" program. Borrowers with verifiable cash or other liquid assets may use those assets to qualify with a Letter of Explanation defining the source and contemplated depletion of these assets over the course of the loan term to pay obligations.

    This lender will go down to a 500 credit score. Also allows for previous bankruptcies, foreclosures,and short sales.

    Purpose:

    Purchase, Rate & Term and Cash Out Refinance

    700 Credit Score

    Purchase to 90% LTV

    Rate & Term Refinance to 85% LTV

    Cash Out Refinance to 80% LTV

    Previous one year- no mortgage lates allowed

    Bankruptcy, Foreclosure and Short Sale OK

     

     

     

     

     

     

     

     

    650 Credit Score

    Purchase to 85% LTV

    Rate & Term Refinance to 85% LTV

    Cash Out Refinance to 80% LTV

    Bankruptcy, Foreclosure and Short Sale OK

    Previous one year - one 30 day mortgage late allowed

     

     

     

     

     

     

     

     

    600 Credit Score

    Purchase to 80% LTV

    Rate & Term Refinance to 75% LTV

    Cash Out Refinance to 70% LTV

    Bankruptcy, Foreclosure and Short Sale OK

    Previous one year - 30 day mortgage lates allowed. No 60 day lates

     

     

     

     

     

     

     

     

    550 Credit Score

    Purchase to 70% LTV

    Rate & Term Refinance to 70% LTV

    Cash Out Refinance to 65% LTV

    Bankruptcy, Foreclosure and Short Sale OK

    Previous one year - 60 day mortgage lates allowed. No 90 day lates

     

     

     

     

     

     

     

     

    500 Credit Score

    Purchase to 80% LTV

    Rate & Term Refinance to 75% LTV

    Cash Out Refinance to 75% LTV

    Bankruptcy, Foreclosure and Short Sale OK

    Previous one year - 90-day mortgage lates allowed. No 120-day lates

     

     

     

     

     

     

     

    Underwriting Notes:

    Non Owner and Second Home OK

    Maximum Loan Amount $2,000,000

    2-4 Units, Condos, Townhouses, rural and condotels OK

    First Time Homebuyer OK

    Non-Occupant Co-Borrower OK (case by case basis

     

    States: Arizona, California, Colorado, Florida, Georgia, Idaho, North Carolina, Oregon, Texas, Utah, Virginia, Washington State

     

    Reference - 139 526020315

  • Qualify 12 Months Bank Statements - 12 Month Average Balance for Income Documentation

    August 2019 Update: Maximum Loan Amount: $3,500,000

    Bank statements, in this case, are used as a traditional income documentation alternative. However, in addition to bank statements,1099's can be used without the 1040 or schedule C in conjunction with the bank statements can be accepted and considered more like a full income documentation program which will produce full income documentation pricing.

    90% Financing Available. For purchase transactions, 5% gifts allowed leaving only a 5% borrower contribution.

    Loan Purpose / Loan-to-Value:

    Purchase or Rate and Term refinance 90% LTV to $450,000

    Cash Out Refinance to 85% LTV

    - $500,000 Maximum Cash Out (cash-in-hand), not including proceeds applied to consolidate debt, "debt consolidation mortgage program"

    Credit Notes:

    Credit Score 660 minimum middle for all borrowers

    Bankruptcy discharge seasoning requirements - 2 years seasoning required for chapter 7. No seasoning required for chapter 13 bankruptcy

    Foreclosure discharge seasoning requirement - 4 Years seasoning required

    Loan Modification complete (yeah, right. Lose your paperwork, did they?)- 3 Years seasoning required

    Available Terms:

    5, 7 and 10 year ARM's and 15 year fix

    Balloon note at ARM maturity or option to roll into an equity line

    Owner Occupied Only

    1-4 Unit properties OK

     

    Get pre-qualified without a credit check

     

    Refrence# - 74512

  • Maximum Loan Amount - $350,000

     

    Available Terms - 15 or 20 year fixed rate 2nds available for refinancing or purchase

     

    Heloc's available on refinances (except texas)

     

    $10,000 minimum loan amount on Heloc's

     

    Stand Alone or combo (1st and 2nd ) loan packages available

     

    Property Types

     

    Single Family Residence

    1-2 Units

    Condos (<4 stories)

     

    Owner Occupied Only

     

     

    jjkr55

  • Utilize the Cash Flow of Both your Business Account as well your Personal Bank Accounts to Qualify

    Bank Statement Loan - 580  Credit Score

    Non-Prime Bank Statement Loan

    Credit Score - Loan-to-Value - Max Loan Amount:

    • 580 - 75% LTV -- $1,500,000   |   70% LTV -- $2,000,000
    • 640 - 85% LTV -- $2,000,000   |   80% LTV -- $2,500,000
    • 660 85% LTV -- $2,500,000   |   70% LTV -- $3,500,000

     

    Cash Out Refinance:

    • 580 75% LTV-- $1,500,000   |   70% LTV-- $2,000,000
    • 640 - 80% LTV-- $1,500,000   |   75% LTV-- $2,500,000
    • 660 80% LTV -- $1,500,000   |   75% LTV -- $2,500,000
    • 680 - 60% LTV -- $3,500,000   |

     

    Occupancies: Owner-Occupied  Second Home.

    Property Types: Single Family Residence  |  Condo | Duplex  |  4 Unit

    Eligible Assets - Stocks   |   Bonds   |   Retirement Vested**   |   Money Market Funds   |   Trust Accounts   |   Interest/Dividends

     

    Required Credit:

    Housing 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 -- 12 Months from Discharged date
    • Chapter 13 -- Dismissed -- 1 Day
    • Chapter  7 -- Discharged -- 12 Months from Discharged date
    • Foreclosure -- 12 Months from Discharged date
    • Short Sale & DIL -- 1 Day

     

     

    Referrence# 114 102619 g

  • Alt Doc | Second Mortgage Bank Statement Mortgage Program

    Stand-Alone Second Mortgage Program.

    This product is ideal for the borrower that wants to protect their low-interest rate first mortgage and would prefer a lump sum (from their equity) upfront.

    This Second Trust Deed Program gives the borrower the entire loan amount at once, for them to disperse as necessary and is not a Home Equity Line of Credit (HELOC), where the borrower is using their equity through the use of their HELOC credit line. It depends on the financial need of the borrower.

    • Purpose: Second, Cash Out
      • 700 Credit Score | 85% LTV to $300,000
      • 700 Credit Score | 80% LTV to $400,000
      • 700 Credit Score | 75% LTV to $600,000
    • Loan Amounts: $600,000
    • Employment Types: Self-Employed
    • Employment Verification: Business License, Articles of Incorporation, Certification, CPA/Tax Preparer Letter
    • Eligible Business Entities: Corp, LLC, 1099
    • Income Documentation: 24 Months Business Bank Statements
    • Property Types: SFR, 2 Unit, 4 Unit
    • Occupancy: Owner-Occupied, Non-Owner Occupied Investment Properties
    • Credit Scores: 700 Minimum
    • Credit Criteria: Collection and Judge equaling $300 or more must be paid off. Medical collections need not be paid. Any negative tradelines greater than 7 years need not be counted. Except for the first mortgage, all outstanding title liens must be paid prior to closing.

     

    DTI: 55%

     

     

    States: Arizona | Alabama | California | Colorado | Connecticut | Delaware | Florida | Georgia | Hawaii | Idaho | Illinois | Indiana | Kansas | Lousiana | Maine | Maryland | Massachuessets | Michigan | Mississippi | New Mexico | Nevada | New Jersey | North Carolina | Ohio | Oklahoma | Oregon | Pennsylvania | South Carolina | Tennessee | Utah | Texas | Virginia | Washington | Wisconson