Self-employed

P&L / 1 Page Bank Statement Program

• Page 1 of the Business Bank Statement reflecting the company on the P&L
• Qualify off the P&L only: nothing more, nothing less
• 12 or 24 month P&L OK
• Purchase LTV’s up to 90%
• Cash-Out LTV’s up to 80%
• Loan Amounts up to $4MM
• DTI up to 50%
• 50% business ownership required
• Qualify off the borrower’s share of the bottom line. It’s that easy!
• Available on the Non-QHEM+ and the Non-QHEM products as the 12 or 24 month P&L Doc Type

12 or 24 Month Bank Statement Program

• Personal and Business Bank Statements Allowed
• 12 and 24 month Bank Statement Options
• Max LTV up to 90% (purchase only)
• 2nd Home and Investment Properties up to 80% LTV
• Loan Amounts up to $4,000,000
• NonWarrantable Condos Allowed
• Interest Only Available with 30 or 40 year term
• DTI up to 55% Allowed
• Credit Scores Down to 600
• Recent Credit Events Allowed
• All Occupancy Types Allowed
• 7/6 and 10/6 ARM, 30, and 40 FRM (40 year term IO only)
• Charge Offs May Remain Open
• Multiple Financed Properties Allowed