Block 1

Bank Statement

Designed to offer an income documentation option for self-employed or 1099 borrowers; including ITIN, utilizing Personal or Business bank statements

 Bank Statement Flyer

Bank Statement Highlights

  • 12 month Expense Ratio method – Quicker income qualification!
    • Calculate income by entering all deposits for 12 months and apply 3rd party verified Expense Ratio to deposits
  • 12 month Traditional statement review
    • Calculate income by entering all deposits for 12 months and subtract all business expenses

Bank Statement Documentation Requirements

  • 12 months consecutive bank statements
  • Completed BSI Questionnaire
  • Expense Ratio certification from a 3rd party (if applicable)
    • Supporting documentation that the 3rd party reviewer is licensed or qualified
  • Proof of business ownership (if applicable)

Questions? Give us a call today!

Mike Tiraboschi
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Andrew Stachak
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Nick Davis
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