Bank Statement Program
Qualify your borrowers based on analysis of bank deposits rather than traditional income documentation. No tax returns required. Business or personal bank statements are permitted. Choose from several options for calculating qualifying income.
Program Highlights
– Loan Amounts up to $4MM
– Max LTV Purchase 90%, R/T Refi 85%, C/O Refi 80%
– Interest only availabe
– DTI up to 50%
– Business and Personal Statements allowed
– Multiple bank statement qualification options
– Cash out up to $3MM allowed
Standard Documents Checklist
Complete the Loan Action Form within the Broker Portal
Initial 1003 signed by the Loan Officer
Business verification (if applicable)
Provide the most recent 12 or 24 months of account statements
Photo ID and credit authorization
Complete Bank Statement Income Worksheet
Provide the most recent two months’ asset statements
Working with a self-employed borrower?
Use our Bank Statement Worksheet to quickly assess eligibility and simplify your file preparation.”
CORPORATE
Luxury Mortgage Corp.®
Four Landmark Square
Suite 300
Stamford, CT 06901
(888) 458-6267
WEST COAST
Luxury Mortgage Corp.®
18100 Von Karman Ave
Suite 350
Irvine, CA 92612
(949) 516-0710
