top of page

BANK STATEMENT

& ITIN#

What are Loan programs with 12-24 months of bank statements?

Loan programs with 12-24 months of bank statements are a Non-QM Loan Program.

 

These are designated for:

  • Autonomous borrowers that declare their taxes with amounts below those required by bank guidelines

  • Borrowers with irregular or inconsistent income

 

Requirements: (Program Highlights)

  1. Minimum of 20% down payment;

  2. Minimum credit score of 640;

  3. Available for Primary residence, Single Family, Second Home, and investment property

  4. Interest Option (interest only) available;

  5. 12-24 months of consistent bank statements

  6. Accountant Letter (CPA Letter) showing the income of the borrower

  7. Can be used for the purchase and refinancing of property

  8. A minimum of 3 years with no credit problems (Bankruptcy, Foreclosure, Short-Sale, etc).

To find out if you qualify for 12-24 month bank statement financing, see us for a free consultation

What are ITIN# loans?

ITIN# loans are designed for borrowers that do not possess a social security number, and use an ITIN# (Income Tax Identification number – Identification for the payment of taxes in the United States) to obtain financing for properties.

ITIN# loans require a down payment between 15% and 25% of the value of the property.

 

Requirements:

You may qualify for ITIN# mortgages if you fulfill the following criteria:

  1. You have filed your taxes with your ITIN# for at least 2 years;

  2. You have a work history of at least 2 years in the same job

  3. You can provide paystubs for the last 30 days.

  4. You have a credit score of above 620

  5. You have a DTI below 55% (with compensating factors)

  6. You have 15%-25% of the value of the property for a down payment. Gift Funds are approved, so long as at least 5% are the borrower’s funds.

 

To find out if you qualify for ITIN# financing, see us for a free consultation.

We are available to answer all of your questions.

bottom of page