Are you Self Employed? Bank Statement Program for Owner Occupied | 2nd Home & Investment Properties

 

We can fund your loan without tax returns or W2s–For self-employed borrowers in business for at least 2 years, all you need is sufficient qualifying deposits on either your personal or business bank statements. You can also qualify based on your 1099s!

Valor Lending Group offers multiple types of Stated Income & Bank Statement Loan Programs.

 

Bank Statement Program Highlights

• No tax returns required
• 12 month Personal OR Business bank statements
• Loans up to $3 million
• Credit scores down to 600
• Rates starting in the low 5’s
• Up to 90% LTV on Personal and Business with no MI
• DTI up to 50% considered
• Owner-occupied & 2nd homes and investment properties
• 2 years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
• Non-warrantable condos considered
• Jumbo loans down to 600 score
• 5/1 ARM or 30-year fixed
• No pre-payment penalty for owner-occ and 2nd homes
• Seller concessions to 6% (2% for investment)

1099 Program Highlights

• 2 Years 1099s Required
• 660 Minimum FICO
• 90% Maximum LTV
• $3M Maximum Loan Amount
• Two Months Personal or Business Bank Statements within 60 days of closing
• Current Pay Stubs to Demonstrate Current Income for at least 30 days or;
• Borrower prepared P&L with Business Narrative is Allowed
• CPA, CTEC, PTIN or EA Expense Factor is acceptable

Call or email me for immediate attention to your scenario.

Recap of our Loan Products:

1. Stated Income Loans (No Tax Returns, no W-2s, No P&L)
2. Bank Statement Income Loans (Great Bank Statement Program for business owners and self employed)
3. Hard Money Loans (As low as 20% down / minimal documentation) Fund in 7-10 days.
4. Flipper Loans (Flip a property with one of our many options)
5. Line of Credit
6. 100% Financing
7. Foreign Nationals Loans (no social security or residency required)
8. Raw Land & Lot Loans
9. Ground up Construction for spec homes, custom homes and commercial ground up.
10. 2nd Position Loans up to $5mm
11. Investor Cash Flow Loan – No tax returns or DTI calculation! Based on subject property cash flow
12. Farms, Vineyards, Ranches and Agricultural Properties (25-30% down)
13. 10% down Jumbo’s with NO MI up to $2.5mm
14. Manufactured Housing / Mobile Homes (20% down / 620+ credit score)
15. Acreage Properties
16. Commercial Loans up to $500mm
17. 5% down Jumbo (Up to $2mm Lender paid PMI)

We also offer: 

1. 10, 15, 20, 25, 30 year Fixed, Conventional Conforming Loans (under $484,350)
2. High Balance Conforming aka Super Conforming (from $484,350-$726,525)
3. Jumbo’s to $10 Million / Super low rates! / 10% down Jumbo to $3mm
4. FHA, VA, USDA
5. ARM’s
6. Reverse mortgages up to $10 Million Value
7. Refinance including Cash Out

We are never too busy for your referrals !