Stated Income/Bank Statement Only Loans for Self-Employed

Seasons Greetings my friends, and we wish you fun, health and happiness for the New Year!

We offer the most awesome loan program for those of you who are self-employed and can’t show tax returns or many bank statements to obtain a real estate loan.

One-Month Bank Statement program:

• Self-Employed Borrowers;
• Borrower States Income on Application;
• Provide most recent personal account statement to qualify;
• Provide two months bank statement to show down payment and closing costs;
• You do not have to show additional money (reserves);
• Owner Occupied Only (no 2nd homes);
• 70% Maximum LTV on Purchase;
• 65% Maximum LTV on Refinance and cash-out is unlimited;
• Single family residences, townhouses and condos only;
• No first time homebuyers;
• 700 Minimum credit score;

We offer numerous other programs for the self-employed, and for the majority of you who can use tax returns, so contact me so I can review your options. Again, Happy Holidays!

Stanley Goodfriend
NMLS License #326321