I’m starting to see bank statement programs being introduced by major wholesale mortgage investors. Yes, they are already in the market now, but mostly just from small non QM type lenders. This is different.
These are programs where self employed borrowers can prove their income by providing 24 months of bank statements to prove income, instead of tax returns.
The max loan to value ratios on these loans are around 80%. Meaning you would have to put down 20%.
Wanted you to be aware of their introduction.
If you feel you could benefit from a loan like this please let me know.
That’s it for today!
Thanks for reading!
Brett
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