Bank Statement Program for Self Employment

Anyone?

Looking for bank statement programs for self employment borrowers.

Someone stated they are available again, but I have had no luck finding them.

Bueller, Bueller???

I haven't seen a bank statement program in quite some time....

Sterling Lending Group out of Greenville, SC. We have an approval dated 1/27/2009. Rates are really high like late 90's old school subprime high.

If you can find it like posted earlier you're probably not going to like it. It's time to partner with a CPA that can help them do taxes and show income that's needed.

Clem Borkowski:

If you can find it like posted earlier you're probably not going to like it. It's time to partner with a CPA that can help them do taxes and show income that's needed.

I would prefer to pay 8.99% then a six figure income tax check any day. Unfortunatley I can't.

John, thanks for the info, glad to see a bank statement program is still available. 

9% is better then going and re-filing returns and paying back taxes.

And if my borrower is paying 12% on their first and 14% on a second, 8-10% makes sense.

Do you have their contact info?

Johh Buechelle 864-627-537 and good luck.

Paul Wrote:

9% is better then going and re-filing returns and paying back taxes.

And if my borrower is paying 12% on their first and 14% on a second, 8-10% makes sense.

I wasn't saying to go back and amend previous returns. I was saying giving advice on what will be needed to report on taxes to qualify for loans going forward. Self-employed need to plan wisely now.

missing one digit

864-627-5371. Sorry.

Thsnks for the info

SELECT COUNTIES WITHIN CA ONLY!!!

Owner Occupied 1-2 Units:

3 YEAR - STATED INCOME: Owner Occupied, Purchase, SFR,
Fico 700, Loan amount from $400K to $3 Million:

70 LTV / 5.750%

Purchase - 70% LTV
Rate/Term Refinance - 65% LTV
Cash-Out Refinance - 60% LTV (Cash-Out Maximum $500K)

*************************************************************
5 YEAR - STATED INCOME: Owner Occupied, Purchase, SFR,
Fico 700,  Loan amount from $400K to $3 Million:

70 LTV / 7.000%

Purchase - 70% LTV
Rate/Term Refinance - 65% LTV
Cash-Out Refinance - 60% LTV (Cash-Out Maximum $500K)

*************************************************************
Non-Owner Occupied and/or 3-4 Units:

Purchase - 60% LTV
Refinance - 55% LTV
Cash-Out Refinance - 50% LTV (Cash-Out Maximum $500K)

All based on MTA Index First Adj Cap 2% - .50% Quarterly Thereafter
Life Caps 11.50% for all programs
Add 1.250% for I/O Qualify at P & I Payment.
Cash-Out Add 0.250%
Max Ratio 40%
Minimum Fico 700
Six Months of Stated Income Reserves are required (Non-Retirement Accounts)
N/O/O add 0.250 to Rate
3-4 Units add 0.250 to Rate

All rates and terms subject to change without notice.

Moderator Note: Signatures available to Premium Members.

Whoever keeps emailing me the Realstubs.com website, STOP

I am not looking to commit fraud

Or at least unblock your address so I can find how who you are.

Contact Info Please for this lender