12 months Bank Statement Averaging - to 80% LTV to 4M

By
Mortgage and Lending with RT Capital Advisors, Inc. CEO

Alternative Documentation 12 Bank Statements 

 

12 Month Bank Statement Averaging or

1 Year Taxes or Asset Amortization Loans

No Taxes, w2's or executed 4506T are required.

Minimum FICO score is 600. 

3, 5, 7 and 10/1 ARM's, 30 year fixed.

Owner Occupied and Non-Owner Investment properties, SFR and 1-4’s.

Loan to value up to 80% for a purchase, rate and term or cash-out refinance to 4M.

Interest only payment available.

 

Qualifying: Using the Borrower’s last 12 bank statements, we average 100% of deposits, draws and wires and use that as the income to qualify at 45% DTI based on deposits and debts on the credit report.

We need proof of 9 months PITIA reserves for the subject property seasoned in the bank for 60 days on Owner Occupied and 12 months’ reserves on all debt on Non-Owner properties.

 

Available: Nationwide. Fees: 1.5 points in a Holding Escrow that you will open with an Independent Escrow Company to be paid at the close of escrow.

Posted by
Bob Thompson
Chief Executive Officer
Lending Advisors providing unique access to Hedge Funds, Private Money, Private Party, REITs, CMBS, Community, Regional & Global Bank niche mortgage products nationwide.
RT Capital Advisors
1 (562) 344-LOAN

 

 
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RT Capital Advisors, Inc.- Commercial/Residential
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