Here are some details about this program…
· Up to 90% LTV
· No 1040’s, no 4506T, no prepay, No MI, no reserves, 100% gift funds allowed
· 24 months Business statements – if sole owner: use 50% deposits
· 24 months Personal statements – if sole owner: use 100% deposits
· Owner Occupied – min 600 FICO
· 50%Max DTI
· Max of 6 NSF’s in the last 12 months
· All owners on bank statements must be put on loan
· Higher middle score between borrowers on bank statements used
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
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