(267) 398-5499

Specialty Program

Bank Statement Loan

Qualify on cash flow, not tax returns.

Overview

Bank Statement loans qualify borrowers using bank deposits instead of tax returns, ideal when tax filings understate real income — a common Non-QM solution for the self-employed.

Ideal For

Self-employed borrowers whose tax returns don't reflect their full income.

Program Highlights

  • ✓12 or 24 months of personal, business or combined bank statements
  • ✓Up to 90% CLTV; minimum 620 FICO, with options for borrowers without a score
  • ✓No tax returns required; we calculate qualifying income from your deposits
  • ✓Minimum 3 months of reserves

Program terms and eligibility are subject to underwriting guidelines and may vary. 1st 2nd Mortgage Co. of N.J., Inc. is licensed in DE, VA. NMLS # 115981.