Are you looking to secure a mortgage but find traditional income verification methods are limiting your options? Supreme Lending may have the perfect loan option for you – the Bank Statement Program.
This innovative program provides an alternative route to qualify for a mortgage using your bank statements.
The Bank Statement Program is designed for borrowers who may not meet the criteria of traditional income verification. Here are some key details:
Acceptable Bank Statements: 12 or 24 months of personal or business bank statements are considered, offering flexibility to applicants.
Loan Amounts: Ranging from $100,000 to $3,000,000, the program accommodates a wide range of financing needs.
Debt-to-Income Ratio (DTI): The program allows a maximum DTI of 50%.
Occupancy Types and Loan-to-Value (LTV) Ratios
90% LTV with a FICO® Score of 740
80% LTV with a FICO® Score of 660
Second Homes & Investment Properties
80% LTV with a FICO® Score of 740
One unique feature of Supreme Lending's Bank Statement Program is the ability to combine bank statement income with the earnings of a wage-earning spouse. This enhances the overall borrowing capacity, which may make homeownership more accessible.
Versatility in Transactions
Whether you are looking to purchase a new property, refinance your existing mortgage, or cash-out for other financial needs, Supreme Lending's Bank Statement Program may allow more borrowers to qualify for mortgage financing. The program even supports loan-to-value reductions on cash-out transactions, providing further flexibility.
Our dedication to service and client satisfaction reigns SUPREME! We not only provide top-notch, timely communication and transparency, but our in-house processing, underwriting, funding, and closing ensure a smooth transaction. At every step of the way, Supreme Lending's commitment to excellence shines through, offering you a mortgage experience that is both seamless and unparalleled.
We understand the complexities associated with navigating the mortgage landscape, particularly for those setting out on their first home-buying experience. Our team of committed mortgage professionals is poised to assist you at every turn, ensuring a seamless journey through the intricacies of home financing. Whether you're a first-time homebuyer or seeking to refinance your current property, we are here to facilitate a smooth and hassle-free process for you.