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