Income Per Bank Statements
Designed for borrowers whose true income is documented by their bank statements. Self-employed borrowers can qualify using 50% of the revenue from their last 12 months of deposits.
Credit scores starting at 620
Up to 90% LTV (with 720 FICO)
50% DTI (for LTV to 85%); 43% DTI (for LTV to 90%)
Max Loan Amount $6,000,000
Min Loan Amount $100,000 (owner-occupied and 2nd homes)
3 – 12 mths PITIA reserves (based on loan amount)