Our #1 CALIFORNIA BANK STATEMENT SELF EMPLOYED PROGRAMS are for self-employed/1099 borrowers that are aggressive on their yearly taxes. This programs strictly based on monthly deposits into your personal or business bank accounts, where the cash flow is sufficient to cover the new mortgage payment and all other debts.
#1 CALIFORNIA BANK STATEMENT SELF-EMPLOYED PROGRAMS are best for investors and business owners who are not able to disclose certain information or whose properties are more valuable than a tax return might show.
What you would need for submission | #1 CALIFORNIA BANK STATEMENT SELF-EMPLOYED PROGRAMS
- 12-24 Months Bank Statements (business or personal)
- Copy of Business License (3 years)
- CPA Letter (stating you are 100% owner, you have been in business for 2 years and they have done your taxes for two years | Also list your current expense ratio and the CPA License Number)
- Purchase Contract (for purchase)
- Current Mortgage Statement (for refinance)
- Hazard Insurance Dec Page or New Quote for purchase
- Copy of your Driver License (front and back)
#1 CALIFORNIA BANK STATEMENT SELF-EMPLOYED PROGRAMS Highlights:
- 12 and 24 month Bank Statement options available.
- Up to 90% LTV (on Purchases & R/T Refinances)
- Borrower and Lender paid points available.
- Must have 2 years verifiable self employment income.
- No Tax Returns
- No 4506T
Other Programs Available | San Diego Hard Money Loans
- Hard Money Loans
- Fix and Flip Loans
- Commercial Loans
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Needs for Quote (email Adam the following):
- Property Address:
- Purchase Price (for Purchase):
- Property “as is” Value:
- Current Balance (for Refinance):
- Total Monthly Rents (confirm if long term or short term Airbnb leases):
- Monthly Taxes and Insurance:
- Approx Credit Score:
- Vesting in and Entity or Individual name:
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