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Conventional
FHA
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NonQM Full Doc
NonQM Bank Statements
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NonQM 1099
NonQM 2
nd
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Bank Statement Income Calculator
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Bank Statements
A loan for self-employed borrowers who qualify utilizing cash flow analysis
FICOs starting at 660
Purchase Money & Rate/Term Refi to 90% LTV
Loan Amounts to $3 Million
Highlights
Cash Out to 80% LTV
Declining Markets Allowed
First Time Homebuyer (FTHB) Allowed
80% LTV Condos & 2-4 Units
Qualify w/ 12 Months Bank Statements: Personal, Commingled, Business
Min 25% of Business Ownership
30 Year Fixed
30 & 40 Year Fixed Interest Only
Cash Out for Reserves Allowed
1x30x12 Allowed
Resources
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NonQM Bank Statement Income Calculator
NonQM Bank Statement Calculator
Please complete all fields. Bank Statements can be securely uploaded at the end of the questionnaire. All requests submitted with a complete 12 months of bank statements will be completed within 24 hours.
Account Executive:
Please select...
April Lopez
Bill Bloom
Bob Mink
Bobby McIntyre
Carl Burris
Chris Camirand
Chris Porter
CJ Horning
Dan Lyons
Davith Adams
Geoff Remy
Giovanna Repaci
Greg Woolsey
Heather Anders
Janine Truman
Jim Boydston
Linda Maples
Lynne Gonzales
Martin Warren
Matt Bulleri
Matt Evans
Melissa Martin
Michael Clary
Michael Poulakos
Mike Sears
Patrick McCabe
Richard Ruhl
Shelley Karlowsky
Suzanne Friedman
Team Curry
Terri Buckman
Vicki Ryan
Zachary Pope
Zachary Taylor
I don't have an AE/I don't know...
Company:
Loan Officer:
LO Phone#:
LO E-mail:
Broker NMLSID:
Borrower #1 First and Last Name:
Borrower #2 First and Last Name:
Borrower's Business Name:
Borrower's Business Type:
Percentage of Ownership:
(Minimum allowed 25%)
Please select...
100%
50%
25%
Other
Other Ownership %:
Number of years business owned:
Please select...
2 years
3 years
4 years
5 years
6 years
7 years
8 years
9 years
10+ years
Number of years self employed:
(Minimum 2 years)
Please select...
2 years
3 years
4 years
5 years
6 years
7 years
8 years
9 years
10+ years
What is commingled?
:
A commingled bank account simply means that a borrower runs their life and business out of a single personal bank account.
Since they do not separate their personal and professional financial transactions, we must assume that all the business expenses come out of that one account.
That is why we treat a commingled bank account the same as a business bank account and use an expense factor to determine the borrower’s true earnings.
12 months Bank Statements are one of the following (Select One):
Please select...
Business Account (Reflects Business Name and/or reflected as a Business Account per the Bank)
Commingled (Borrower does not have a business account and uses the same account for business and personal life)
Personal Account (Has a personal and business account. Qualifying on personal and will provide 3 months business statements to qualify without using an expense factor)
Expense Factor:
Please select...
50% (No additional documentation required)
Other (Specify percentage % below; additional documentation is required)
Other Expense Factor %
:
Please enter zero ('0') if N/A
NSFs reflected in the last 12 months:
Please select...
No
Yes
NSFs in last 12 months #:
Securely Upload Bank Statements
Comments (500 characters max):
Please share any income
concerns or questions you
may have and include other
helpful information that will
assist in us more accurately
calculating the bank statements.
Guidelines:
At least one applicant must be self-employed to qualify.
Credit Score used for qualifying is the lowest middle for all applicants.
Minimum credit score is 660.
Maximum DTI is 55%. Additional restrictions apply.
If NSF activity, additional restrictions apply. Consult your AE for specifics.