A flexible, innovative mortgage product designed for self-employed borrowers and non-traditional income earners. Unlike typical conforming or FHA loans, our mortgage lets you qualify using your bank statements instead of traditional W‑2s or tax returns. Here’s what makes it special:

• Flexible Income Documentation: Qualify based on your cash flow from bank statements—ideal if you’re self-employed or your income isn’t “traditional.”
• Competitive Fixed-Rate Option: Enjoy a stable 30-year fixed interest rate with predictable monthly payments.
• Unique Borrower Benefits: Gain access to homeownership without the strict documentation requirements of standard loans.
• Diverse Property Eligibility: Purchase a wide range of eligible properties—from single-family homes to certain multifamily dwellings—with fewer limitations than other loan programs.

With the Bank Statement 30-Year Fixed Mortgage, you can secure financing in ways that typical conforming or FHA loans simply can’t offer. It’s the mortgage solution that adapts to your unique financial profile—so you can focus on what matters most: your home.

How It Works:

Credit:

• Minimum Credit Score: You’ll need a score of at least 620. This shows we can trust you to pay back your loan. We also look for a solid credit history—think of it as having a few well-managed credit cards or loans over the past couple of years.

Debt-to-Income (DTI):

• Understanding DTI: This is a measure of how much of your income goes toward paying your debts each month.
• Maximum DTI: Your total monthly debt payments (like car loans, credit cards, etc.) should be no more than 55% of your gross income (what you earn before taxes and deductions).
• Residual Income: If your debt is above 43% of your income, we’ll need to see that you have enough extra cash left over each month—called residual income (money remaining after all debts and necessary expenses are paid)—to cover your living expenses.

Property Requirements:

• Eligible Homes: You can purchase a variety of homes, including single-family houses, certain small multifamily buildings (up to 4 units), some condominiums, or even a home with an extra unit (like a granny flat).
• Basic Standards: The property must be safe, well-maintained, and have at least 600 square feet of living space.

This product is designed for those who might not fit the traditional mold. By using your bank statements to show your income, it makes qualifying easier—even if you don’t have typical income paperwork. If you’re ready for a mortgage that works with you, let’s talk about how the Bank Statement 30-Year Fixed Mortgage can help you achieve your homeownership goals.