California Bank Statement Deposit Loans | Up to 90% LTV

 

1-4 Units Bank Statement Deposit Loans–We can fund your loan without tax returns or W2s! All you need is sufficient qualifying deposits on either your personal or business bank statements. You can also qualify based on 1099s. 

**UPDATE: Now only 12 months self-employment needed to qualify

 

Bank Deposit Loan Program Highlights

• Only 12-months self-employment required to qualify
• Up to 90% LTV (Owner-Occupied) / 85% LTV Non Owner-Occ/2nd Home
• Personal or Business Bank Statements
• W2 Co-Borrower Income Allowed
• No Tax Returns
• No W-2s
• Only 580 Credit Score Required
• Interest-Only available up to 90% LTV

 

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 Paystubs 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.

Valor Lending Group also offers literally every loan in the book! Check out more information on 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 or 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