BANK STATEMENT LOANS
Are typically best for self-employed individuals or those without sufficient income on a W2 or 1099, the Bank Statement mortgage product allows homeowners to apply for a loan using only personal or business bank statements to qualify their income with absolutely no tax returns or 4506-C/4506-T required.
​
With Nationwide Mortgage Direct you can access home financing with a high LTV and a great rate! Available for primary residence, second homes and investment properties. Our expert staff is fully available to assist you from A-Z.
​
​
LENDING PARAMETERS
Primary Residence
-
Residential Properties Only
-
Up to 90% LTV
-
12 or 24 months of personal and/or business bank statement as qualifying income
-
No tax returns
-
No 4506-C/4506-T
-
Min FICO of 640
-
Closing timeline: as quick as 15-30 days
Second Home
-
Residential Properties Only
-
Up to 89.99% LTV
-
12 or 24 months of personal and/or business bank statement as qualifying income
-
No tax returns
-
No 4506-C/4506-T
-
Min FICO of 640
-
Closing timeline: as quick as 15-30 days
Investment Property
-
Residential Properties Only
-
Up to 85% LTV with long term lease agreement
-
12 or 24 months of personal and/or business bank statement as qualifying income
-
No tax returns
-
No 4506-C/4506-T
-
Min FICO of 640
-
Closing timeline: as quick as 15-30 days
QUALIFY FOR A MORTGAGE LOAN USING ALTERNATIVE INCOME DOCUMENTS
12 months of business/personal bank statements
No Tax returns needed
Loan amounts up to $10 million on a case by case basis
We can finance up to 24 residential properties!
Foreign Nationals are accepted with no Credit Score!
Preferably 620+ FICO credit score if credit score exists
