1 month bank statement loans is for a refinance and/or purchase. It has been designed for an owner occupied single family residence, condo or townhouse. The minimum loan amount is $250,000.00 for the 1 month bank statement loan. Below is more of the breakdown for the loan. If you find yourself eligible, feel free to click on our quote link.
PURCHASE (1 Month Bank Statement Loan)
For a purchase, If you been out of the home buying market, maintained strong credit (700+ FICO),you have a substantial downpayment of 25%+, you may be approved for a home loan. For Self employed borrowers, you will need 2 year history with a CPA letter or a business license. Your income is ATTESTED to and DECLARED. Your position should make sense for the income Attested. So please continue to see if you qualify:
- Credit history ( 1 account is 5 years and minimum of two accounts with a 2 year history. Each paid as agreed.
- Within the last 5 years no major credit events. No charge off, collections or tax liens in the last 3 years.
REFINANCE (1 Month Bank Statement Loan)
If you are looking to refinance, 1 month bank statement loans may be for you. Max LTV is 70%. The minimum loan amount is also $250,000 with a maximum of $3,000,000.00. Once again must be owner occupied and needs to be a SFR, condo or townhouse property type.
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