Bank Statement Loans

[Anna Cerda]

Hi, can someone provide information on bank statement loans- process, rate, cost.... just to have an idea... someone who has purchased with this type of financing.

[Matthew Kwan]

Minimum of 12 months consecutive bank statements required and the max debt to income ratio is 50% and the 12- or 24-month average must come from the same bank account. The good thing about this product it's easier to qualify due to it only review based on your income deposits from your bank statement vs a full doc loan like conventional where you have to document your paystubs, tax returns for self employed and other set of docs if you have properties. @Carlos Valencia @Albert Bui