Bank Statement Loan Program | Self Employed & Business Owners

/ / Published in Mortgage News, Stefanie Prescher

 

Bank Statement Loan Program

Now only 680 Credit Score Required 

 90% LTVs/CLTVs up to $1.5M (10% down)

 

 

 

PROGRAM HIGHLIGHTS
• No tax returns/4506T
• Minimum 600 FICO
• DTI up to 55% with a minimum 680 FICO
• LTV up to 90% with a minimum 680 FICO
• 12 months of bank statements
• Personal OR Business
• Flexible options to qualify
• W2, retirement income, rental income & Asset Amortization
CAN be used.
• Use 100% of checking, savings, stocks, bonds, retirement funds
to meet reserve requirement
• Cash out up to $2M

Valor Lending Group also offers literally every loan in the book! Check out our programs below and please do not hesitate to call on me for any scenarios. I look forward to an opportunity to demonstrate my prompt and professional service.

 

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 !

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