Monday, November 9, 2015

Use Your Bank Statements As Income

Many self employed borrowers do not show a lot of income on their tax returns in the form of net profits. But many have a lot of funds flowing through their business or/and personal bank statements. To document income the borrower would add up all the deposits in their bank statements and average the totals over a 24 month period. You can use 50% of business bank statements and 100% of personal bank statements but you cant use both. This program allows loan to values up to 90% of the purchase price and seasoning on bankruptcies, foreclosures, short sales, and bankruptcies down to the next day after the event. FICO scores as low as 500! 


Give me a call if you would like me to get you qualified on a bank statement loan today. 

1 comment:

  1. You've explained the information very clearly in this blog. If you want to know more about bank statement loan Arizona so you can visit us.

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