The One-Month Bank Statement Program Details:

➤ Self-employed Borrowers (two-year history required by (i) CPA Letter or (ii) Business License)

➤ U.S. Residents

➤ Income is ATTESTED to and DECLARED; Underwriter to confirm reasonable for job and compare to credit usage / history

➤ Purchase Max LTV of 75%

➤ Refinance Max LTV of 70% (rate and term or cash out)

➤ Borrowers with a minimum Credit Score of 700

➤ Borrowers with a minimum credit depth of one (1) account of five (5) years & minimum of two (2) accounts with a two (2) year history, each paid as agreed

➤ No credit events within the last five (5) years including mortgage (minimum twenty four (24) month recent mortgage history required)

➤ No charge offs, collections, or tax liens in the last three (3) years

➤ Maximum loan amount of $3,000,000

➤ Minimum loan amount of $250,000

➤ Owner-occupied transactions

➤ SFR / Condo / Townhouse Property Types

➤ Most recent personal account’s bank statement with no NSFs and positive ending statement

➤ Closing Funds may come from the account provided for qualifying income and an Escrow Deposit Receipt is required
(only one month’s statement is required for assests)

➤ Reserve funds are not required

➤ Fixed rate and adjustable programs available

➤ Secondary Financing is not allowed

➤ Property must be in good condition and conform to the area

➤ No rural properties

➤ No first-time homebuyers

Non-Prime Mortgage Guidelines

➤ Up To 90% Loan To Value

➤ No Mortgage Insurance

➤ No Seasoning Requirements For Foreclosure, Short Sale Or Bankruptcy (Loan To Value Restrictions Apply)

➤ Up To $3,000,000 Loan Amounts

➤ 50% Debt To Income Ratios

➤ No Reserve Requirements

➤ No Prepayment Penalties

➤ Bank Statements Allowed For Proof Of Income (Self-Employed Only)

➤ Assets Converted To Income (All Borrowers)

➤ Owner Occupied, Second Home, And Investment Properties

➤ Credit Scores Down To 500