Bank Stmt/Non-QM

GENERAL REQUIREMENTS

  • Down Payment: 10%
  • Credit Score: 640+ FICO
  • Mtg. Insurance: No
  • Seller Credit: 6%
  • Reserves: 3-6 Months
Ideal For: Business Owners & Non-Warrantable Condos 

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