Bank Statement
Our bank statement program is ideal for people who are self-employed. Our team saves you time by reviewing statements, analyzing deposits, and calculating income for submissions so you can close more loans.
IM Home Benefits ...
- Up to 90% LTV, no MI
- 600+ FICO scores
- 12 month personal bank statements
- 12 or 24 month business bank statements (must own at least 25% of the business over the past 2 years)
- Credit events OK one day after settled
- Investors ONLY NO INCOME, VERIFIING Assets
- Debt Service Coverage Ratio SCR's
- No employment information required
- Unlimited cash-out to 65% LTV
Loans to $3 million
DTI to 55% considered
Owner-occupied, 2nd homes, and investment properties
Interest-only available
2 years self-employed required
No tax returns required