We qualify borrowers using buiness or personal bank statement deposits for proof of income in lieu of 2 years of tax returns, w2’s, or pay stubs. This program is offered up to 90% of the loan-to-value for purchase or refinance transactions. Loan-to-values decrease with higher loan amounts. Contact us for more information.
Self-employed borrowers benefit the most since their average business bank statement deposits often exceed their reported adjusted gross income after all business expenses.
The income calculation used by lenders is a percentage of the 12 or 24-month average-normally from 50% and up depending upon the lender and the program. We also have a 1-month bank statement program making it much easier to income qualify.
As a rule, transfers from other accounts or deposits that are not related to business deposits are not included in the total calculation total. Also, underwriters are wary of numerous insufficient funds events within a 12-month period.
We offer many excellent programs, at great rates, thru the nation’s top alternative lenders. Our borrowers benefit since we can find the perfect lender to match their unique scenario.
Please contact us directly for more information
We've been helping customers afford the home of their dreams for many years and we love what we do.
Company NMLS: 1784844
www.nmlsconsumeraccess.org
200 Spectrum Center Drive Suite 300
Irvine, California 92618
Phone: 866-266-6620
Text us at - (424) 232-0409
kevin@ezdirectloans.com
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