Georgia
Bank Statement Only Mortgage Lenders Solution
·
No tax returns required
·
NO W2 NO 1099
·
12 month bank statements
·
24 months personal bank statements (Personal and Business)
·
Loans up to $3 million
·
Credit scores down to 600
·
Rates starting in the low 5’s
·
Up to 90% LTV
·
DTI up to 50% considered
·
Owner-occupied, 2nd homes, and investment properties
·
2 years seasoning for foreclosure, short sale, BK, DIL
·
Non-warrantable condos considered
·
Jumbo loans down to 600 score
·
5/1 ARM or 30-year fixed
·
No pre-payment penalty for owner-occ and 2nd homes
·
SFRs, townhomes, condos, 2-4 units
·
Seller concessions to 6% (2% for investment)
·
2 year self-employed required
Contact
your non-agency specialist today!
Here’s a great low doc Georgia bank
statement only loan program for Georgia self-employed borrowers that
can provide 12 months of bank statements to qualify for
a Georgia mortgage without tax returns.
Yes you heard Right! Georgia Mortgage Loan Approvals With No Tax Returns!
You simply provide your personal Georgia bank statements or your business/corporate Georgia bank statements to get approved based on your average monthly deposits. If you are buying a Georgia home and had low income reported on your Georgia tax returns use this program in lieu of full-doc programs with just 15%-30% down payment on primary home or as much as 85% loan to value on Georgia bank statement only refinances without cash out. Even if you have bad credit Georgia home loan approvals down to a 600 credit score!
Yes you heard Right! Georgia Mortgage Loan Approvals With No Tax Returns!
You simply provide your personal Georgia bank statements or your business/corporate Georgia bank statements to get approved based on your average monthly deposits. If you are buying a Georgia home and had low income reported on your Georgia tax returns use this program in lieu of full-doc programs with just 15%-30% down payment on primary home or as much as 85% loan to value on Georgia bank statement only refinances without cash out. Even if you have bad credit Georgia home loan approvals down to a 600 credit score!
BREAKING
NEWS! - NOW WE CAN APPROVE MIXED BOTH BUISNES AND PERSONAL DEPOSITS!
|
Georgia Bank
Statement Only Loan Approvals For (Personal or Business)
|
It is only available
for Georgia properties. If you have a vacation home or
1-4 unit Georgia homes that will qualify as well but at lower loan to value
limits. Below is a quick chart to use and see our guidelines quickly
Quick Guidelines
|
Bank Statement
Program
|
||
|
Georgia Loan to
Values
|
||
|
Purchase or
Refinance
|
Cash Out Refinance
|
|
|
Georgia Owner-Occupied and Rental Homes
|
85% |
65% |
|
Georgia Non-Owner occupied 1-4 units
|
75% |
65% |
|
Georgia Loan Amounts |
||
|
Minimum
|
Maximum
|
Cash-out Maximum
|
|
$100,000
|
$ 1,500,000
|
$300,000
|
|
Georgia Terms |
||
|
Margin
|
Caps
|
Index |
|
2.75
|
5/2/5
|
1 Year Libor
|
BREAKING
NEWS!
NOW WE CAN APPROVE MIXED BOTH
BUISNES AND PERSONAL DEPOSITS!
Georgia Mortgage Lenders offers both 12
and a 24-Month Georgia Bank Statement Program.
Georgia Self Employed – Must provide Georgia
business license, Tax Preparer’s letter or corporate paperwork.
We accept Georgia Personal or Georgia Business
Bank Statements. However, qualifying income will be calculated differently.
Here are some examples:
Add all Georgia bank statement deposits for
all 24 months and divide that amount by 24 to receive the monthly income amount
Ex. 24 months deposits total = $200,000 / 24 =
$8,333 a month income.
Add all deposits for all 24 months, divide by
2, and then divide by 24 to receive the monthly income amount we will give to
the borrower.
Ex. 24 month deposit total = $500,000 / 2 =
$250,000 / 24 = $10,333 a month income.
The AltQM™ Series makes it possible to say
yes.
AltQM™ INVESTOR | AltQM™ AGENCY PLUS | AltQM™
ALTERNATIVE DOCUMENTATION
Purchase | Rate/Term refi | Cash Out refi
For high net worth or self employed Georgia
bank statement borrowers, the AltQM™ Alternative Documentation program features
reasonable qualification based on either bank statements or eligible assets.
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Bank Statement Only Georgia Mortgage Lenders- Buy a home using only your bank statements with
NO TAX RETURNS! Call Now Same Day Pre Approvals!
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