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What LTV can I get with a self-employed bank statement loan?

by dylandorphine02844 from Galion, Ohio. Jun 3rd 2015 Reply


Zachary Williams (zwilliams@usavingsbank.com)
#87 ranked lender in Ohio - 5 contributions

You will need to have been self employed for a minimum of 2 yrs to use that income to qualify for a home loan. Call me at 740-398-4917 to see what options are available to you.

Jun 3rd 2015
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Steffnie Parsons (Steffnie)
#14 ranked lender in Oklahoma - 61 contributions

I can do a stated income loan. Call me at 405-445-1091

Jun 3rd 2015
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,240 contributions

Not an easy loan to find, you should expect to need a good downpayment.

Jun 3rd 2015
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,970 contributions

That type of financing completely disappeared after the real estate collapse, and new government rules make them incredibly challenging to offer. Only recently have a very small number of lenders dipped their toes into those alternative type of financing options again. Good luck...

Jun 4th 2015
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Derick Condron (rightstartoregon)
#32 ranked lender in Oregon - 598 contributions

You will have to discuss this one with a local lender. The stated income loans are going to be lender specific on the the LTV due to it being a non conforming product that is held privately.

Jun 4th 2015
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,726 contributions

It's going to be a "portfolio" or "Hard Money" type loan and each lender has their own rules as to what the allowable LTV would be.. but I would expect you wont find any willing to lender more than 70%, but more realistically, 60%. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Jun 4th 2015
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Jamie Lynne (nationwidelenderforyou)
#141 ranked lender in Texas - 576 contributions

We have a 24 month bank statement program and a stated option, both are available nationwide and require at least 20% down. Let's discuss your loan scenario! My number is 800 315 8803 and my name is Jamie. I have been lending nationwide since 1989 and am happy to answer your mortgage questions. Jamie - NMLS 850582 - www.bartprequalifies.com

Jun 5th 2015
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Bill Cook (loanpro)
#662 ranked lender in California - 48 contributions

We can get you a 90% LTV bank statement loan with a 725 credit score and eligible incomeThe better rates are at 80 LTV and below. Depending on your state, a different licensed loan officer will help you.Loanshoppers.net

Jan 10th 2017
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