Smarter financing for self-employed borrowers.
If you’re self-employed and tired of traditional income paperwork, this program qualifies you on your bank deposits instead. No tax returns, no W-2s, no pay stubs — just your bank statements.
Why Buyers Choose It
- No tax returns. Income is drawn from your 12 most recent bank statements, not your IRS filings.
- Built for the self-employed. A fit for owners, freelancers, consultants, gig workers, and contractors.
- Business or personal accounts. Either works; business accounts apply an expense ratio (typically 50%).
- Purchase, refinance, or cash-out. Buy a home, lower your rate, or tap equity for the business or debt consolidation.
- Competitive terms. Fixed and adjustable options, loan amounts up to $5 million, high LTVs, and no PMI.
Program Parameters
- Income docs: 12 months of personal or business bank statements
- Credit score: 620–660 minimum (700+ for best terms)
- Loan amount: $150,000 – $5,000,000+
- Max LTV: up to 90% purchase, 85% refinance, 80% cash-out
- DTI: up to 50%, case by case
- Property types: single-family, condos, townhomes, 2–4 units
- Occupancy: primary, second home, or investment
- Reserves: 3–12 months depending on profile
- Terms: 30-year fixed, interest-only, or ARM
- Prepayment penalty: none on primary/second homes; may apply to investment
- Self-employment: minimum 2 years
- PMI: never required, even above 80% LTV