For self employed borrowers with good cash-flow but high utilization of tax deductions

 

PRODUCT FEATURES

  • Fixed: 30yr

  • ARM: 5/1, 7/1

  • Loan Amounts: $150M to $2MM

  • DTI up to 45%

  • Purchase or Rate Term Refi

 

RESIDENCES

PRIMARY RESIDENCE

  • Max LTV/CLTV: 80%

  • Min FICO: 680

  • Max Loan Amt: $2MM

 

BANK STATEMENTS

 

  • 2-years self employment required

  • 12/24 Mo Personal or Business Bank Statements

  • No Tax Returns/4506T required

  • Can be combined with other sources of income

  • No CPA required!

  • Business bank statement income calculation: Expense ratio OR P&L/Earnings Summary options available