A mortgage designed for self-employed and non-traditional income earners, the Pink Edition lets you qualify using your bank statements instead of standard W‑2s or tax returns. It’s a simple, flexible way to secure a 30-year fixed rate mortgage while keeping documentation to a minimum.

What Makes It Special:

• Flexible Income Verification:
  Use 12 to 24 months of personal bank statements to prove your income. This product is ideal if you’re self-employed or have income that doesn’t fit the traditional mold.
• Stable 30-Year Fixed Rate:
  Enjoy a competitive fixed rate with predictable, long-term monthly payments.
• Accessible for First-Time Homebuyers:
  Whether you’re buying your first home or your next, this product welcomes first-time homebuyers.
• Diverse Property Options:
  Finance eligible homes including single-family dwellings, select 2-4 unit multifamily properties, warrantable condominiums, and planned unit developments.

Simple Qualification Criteria:

• Borrower Eligibility:
• You must have a valid Social Security number.
• U.S. citizens, permanent residents, and qualifying non-permanent residents can apply.
• Income Documentation:
• Provide 12 or 24 consecutive months of personal bank statements.
• Your bank statement deposits will serve as proof of your consistent income.
• Debt-to-Income (DTI) Ratio:
• Your total monthly debt payments (like car loans and credit cards) should not exceed 50% of your gross income.
• If your DTI is above 45%, you must demonstrate enough leftover cash (residual income) to comfortably cover your living expenses.
• Down Payment:
• At least 5% of the purchase price must come from your own funds, documented through bank statements or other verification.
• Property Requirements:
• The home must be safe, improved, and at least 600 square feet in size.
• Eligible property types include single-family homes, select multifamily dwellings, warrantable condos, and PUDs.

With the Bank Statement 30-Year Fixed Mortgage – Pink Edition, you get a straightforward, flexible path to homeownership that works with your unique financial picture. If you’re ready for a mortgage product that adapts to your lifestyle, let’s discuss how this solution can help you achieve your homeownership goals.