• Self-Employed - Hawaii Bank Statement Loan

    No Tax Returns Needed to Qualify

    If you have been self-employed for 2 years, maximize your tax deductions to minimize your tax liability, but have excellent cash flow, it is now possible to document your income by adding up the deposits on your 12 most recent bank statements.  The total deposit will replace the income reporting on your tax returns for qualifying.

    Program Features

    Personal or business statements allowed

    A self-employed borrower may supplement bank statement income with additional income derived from an asset amortization formula.

    Credit depth has been reduced

    Retirement and other income allowed

    One borrower must be self-employed and may have a W-2 co-borrower

    Jumbo loan amounts up to $3 million

    Minimum loan amount $250,000

    DTI up to 50%

    Cash out up to $2,000,000

    Min FICO 620

    *A borrower with a 25% or greater ownership interest in a business is considered self- employed

    Loan Terms

    5/1 ARM – Interest only available

    7/1 ARM

    10/1 ARM

    15 & 30 year fixed