Self-Employed – Hawaii or California 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