Bank Stmt/Non-QM
GENERAL REQUIREMENTS
- Down Payment: 10%
- Credit Score: 640+ FICO
- Mtg. Insurance: No
- Seller Credit: 6%
- Reserves: 3-6 Months
MORE FEATURES
- Primary residence, vacation homes, and investment properties allowable
- Gift funds allowed with borrower contribution of 5%-10% minimum
- 12 months rental history required (First-Time Homebuyer only)
- No tax returns needed for bank stmt program