Only bank statements and no tax returns for this loan

With only bank statements and no tax returns this maybe your best choice. All you need is 500+ fico. From 6.75% note rate for 30 loan program. Up to 85% LTV for 1-4 units owner occupied and investment properties up to 75% LTV too. Cash out available. No 4506T. No tax returns. No W2s. No 1099s.
A) For self employed persons only. Use Biz or Personal Bank Statements (12 or 24 months all pages) use 100% of the deposits for personal account or up to 80% of deposits for business account. Self Employed borrowers only.

Call Us Now On 310-737-8420 To Get Started.
Click Here For Borrower Worksheet / Log of 24 months bank statements

List of Forms & Documents Required:

1. 24 months complete bank/financial statements Click Here For Borrower Worksheet / Log of 24 months bank statements or just send them in we will do all the calculations for you.
2. Choose Personal or Business bank statements;
  1. If Personal Statements are used NO P&L
  2. If Business Statements are used need 3rd party P&L for 2020, 2021 and YTD 2022. This can be a reputable book-keeper, enrolled agent or CPA
    1. Income calculated based on 3rd party P & L is net income. Gross is the bank statements total less expenses will be the net income that put on the 1003.
3. Photocopy of valid ID
4. Purchase Transactions – fully executed purchase contract
5. Refinance Transactions – mortgage statement
6. If property is leased, provide lease agreements
7. Insurance declaration page/quote for coverage – or we can handle the insurance for you – just ask
8. Business license – ie: state – federal – city business license for 2 years – if self employed or letter from reputable book-keeper, enrolled agent or CPA stating they are licensed.
9. 1003 Loan Application – use printed 1003 leave liabilities blank.
10. Credit report we will pull or if broker submitted need full 3 bureau – but we still have to pull it
11. Borrower authorization Borrower’s Authorization
12. Borrower authorization to run and pay for credit Credit $ Authorization Form
13. Borrower authorization To Wire Funds Authorization to Wire Funds
14. SI form – Statement of Information SI Form – Statement of Information
15. How do you want to hold title Vesting Form For Borrower
16. Social Media disclosure Social Media Disclosure
17. **To expedite your file organize documents in adobe format “.pdf”.
Click here to view rates larger (for mortgage proffesional use only.

**To expedite your file organize bank statements separated by month in adobe format “.pdf”.
** Want to make your PDF smaller go to https://juststatedincomeloans.com/apply-now-forms on our website to help.
*** Do you want more choices of stated income loans and no doc loans check out our other website at **http://SelfEmployedHomeLoans.info/ ****
This page is for California loans. For loans outside CA in the other 49 states click here