Self employed people can now get the home they’ve earned. by using bank statements, we can qualify your income without tax returns.

  • No Tax Returns Required

  • 2 Years history self employment history required

  • Personal Bank Statement qualified based on 12 month average monthly deposits**

  • Business Bank Statement qualified based on 12 months average deposits* (expense ratio may apply)

  • 600 Minimum Credit Score

  • Up to 90% LTV (No MI) allowed on Personal and Business

  • Reserves may be required

  • Loans to $3 Million (Minimum $150,000)

  • Interest Only Available*

  • 5/1 ARM or 30-year fixed (7/1 ARM option when certain criteria met)

  • 2 Years Seasoning for foreclosure/deed-in-lieu, ch. 7 discharge

  • 24 months seasoning from ch. 13 filing date (if paid as agreed and discharged prior to application)

  • No seasoning required for short sale if paid as agreed through sale.

  • Owner-Occcupied, 2nd homes, investment properties allowed

  • Non-warrantable condos considered

  • Gift funds allowed

  • No pre-pay penalty for owner-occupied and/or 2nd homes

  • SFRs, town homes, condos, 2-4 units

  • DTI up to 50%

  • Cash-Out Refinance can be used for home improvement

Have a specific question? Send me an email at Harris.Watkins@residentialfundingconsultants.com or call me at 478 219 2935