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How Do Bank Statements Loans Work?

If an investment property fails the DSCR test you can use your bank statments to support the overall loan with a higher LTV

12 / 24 Month
Statement Program

  • Use 100% of deposits on personal statements

  • Use up to 85% of deposits on business statements

  • Up to 90% LTV purchase to $2M

  • Up to 85% LTV rate / term refinance

  • Up to 80% LTV cash out

  • Loan amounts up to $4,000,000

  • Couple with asset utilization for extra income

  • Transfers from business to personal is ok

  • Multiple business accounts are ok

  • DTI up to 55%

  • Minimum 3 months of reserves required

  • Mortgage history 0 x 30 x 12, 0 x 60 x12, 0 x 90 x 24

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