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Bank Statement Mortgage - Non-QM

Credit scores starting at 660

Up to 90% LTV

LoanGIANT’s Bank Statement mortgage program is the perfect option for self-employed borrowers who need an alternative method to show the true cash flow of their business. Borrowers do not have to own 100% of the business. Self-employed borrowers represent an underserved market in the mortgage industry. Our Bank Statement program provides a loan solution to help underserved credit-worthy self-employed borrowers who otherwise would not qualify for a home loan.

Loans up to $3 million with a minimum of $150,000
12 or 24 months business or personal bank statements
Two years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
Rates are 30-year fixed
Two years self-employed required
Borrowers can own as little as 50% of the business for business bank statements and 25% for personal bank statements
Purchase and cash-out or rate-term refinance
Owner-occupied, second homes, and non-owner occupied
1099 option available
40 year interest only available
Most loans will be qualified on an expense factor of 50%. Companies with a lower expense factor will require a statement from a third party CPA or tax preparer. (Some industries with traditionally higher expense factors will be underwritten with a 70% expense factor.)
Loan amounts greater than or equal to $1,500,000, a borrower paid second appraisal must be obtained

Bank Statement Mortgage Program - USA Non-QM

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Quantity

Loans up to $3 million with a minimum of $150,000

12 or 24 months business or personal bank statements

Two years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu

Rates are 30-year fixed

Two years self-employed required

Borrowers can own as little as 50% of the business for business bank statements and 25% for personal bank statements

Purchase and cash-out or rate-term refinance

Owner-occupied, second homes, and non-owner occupied

1099 option available

40 year interest only available

Most loans will be qualified on an expense factor of 50%. Companies with a lower expense factor will require a statement from a third party CPA or tax preparer. (Some industries with traditionally higher expense factors will be underwritten with a 70% expense factor.)

Loan amounts greater than or equal to $1,500,000, a borrower paid second appraisal must be obtained
A bank statement program is a home loan program that uses bank statements to calculate a borrower’s income. This is an alternative documentation loan type instead of using tax returns and W-2s in the qualification process. These loans are for self-employed borrowers who typically have substantial tax write-offs that make it challenging to demonstrate the necessary income to prove their ability to repay the loan. The bank statement loan programs use either personal or business bank statements to qualify borrowers.
Yes, a self-employed borrower can get a mortgage loan using LoanGIANT’s industry leading non-QM mortgage programs. Each self-employed borrower will be assessed individually to determine if they qualify for a home loan. Credit scores, income / profits, and other factors will determine the appropriate loan type. Given a self-employed borrower’s unique financial situation, alternative documentation may be needed to calculate a borrower’s income. LoanGIANT’s bank statement loan program is designed to help self-employed borrowers, small business owners, and entrepreneurs qualify for a mortgage.