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Landlords:
Rental Properties - Investment Properties
Up to 100%
financing on refinances or purchases.
To prove your income:
We can use W-2's, 1099's and even 12 to 24 months of bank
statements.
Bank statements can
give you an average monthly income.
We use the average of the total monthly statement total deposits and
credits. Add up to total deposits and credits from each monthly
statement and divide by
the number of months. This will become your average monthly income.
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Guidelines
(O/O = owner occupy; N/O/O = rental
- non owner occupy)
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O/O
100% STATED INCOME / VERIFIED ASSETS, 620 SCORE
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O/O
100% STATED INCOME / STATED ASSETS, 680 SCORE
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N/O/O
100% STATED INCOME / VERIFIED ASSETS, 720 SCORE
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N/O/O
95% STATED INCOME / VERIFIED ASSETS, 620 SCORE
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N/O/O
100% FULL DOC, 680 SCORE
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