Bank Statement Programs
ResiCentral’s Bank Statement mortgage program is ideal for self-employed borrowers who require an alternative method to demonstrate their company’s genuine cash flow. Borrowers are not required to hold 100% of the company.
Bank Statement Elite
- Loans up to $2.5 million with a minimum of $150,000
- Max cash out $500,000
- 12 months business or personal bank statements
- 4 years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
- 30-year fixed personal and business
- 30-year with I/O personal and business
- Two years self-employed required
- Non-warrantable condos allowed
- Purchase and cash-out or rate-term refinance
Bank Statement Premier
- Loans up to $3 million with a minimum of $150,000
- Max cash out $1 million
- 12 months business or personal bank statements
- 1 year seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
- Fixed - 30-year fixed, 30-year IO and 40-year IO
- ARM - 5 yr, 5 yr with I/O, 7 yr, and 7 yr with I/O
- Two years self-employed required
- Non-warrantable condos and condotels allowed
- Purchase and cash-out or rate-term refinance
- Owner-occupied, second homes, and non-owner occupied
Let us exceed your expectations
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