Bank Statement Loans

Bank Statement Loans: Qualify with Deposits

Ettlin Financial Corporation offers bank statement loans for self-employed borrowers who thrive beyond tax returns.

Our bank statement loans use 12-24 months of deposits to calculate income, bypassing traditional tax docs. These loans go up to $5 million for buying or refinancing primary, secondary, or investment properties.

• The most common version of a bank statement loan uses 50% of your total deposits as qualifying income. For example, if over 12 months your total deposits were $120,000, your qualifying income would be $60,000. There are more lenient options available, but with additonal requirements. 

• Up to 90% financing without mortgage insurance.
• Versatile for various property types and uses.
• Simplified guidelines for a smoother application process.

Eligibility Requirements

• Credit Score: Minimum of 640.
• Bank Statements: 12-24 months; 50-100% of deposits can count toward income.
• Down Payment/LTV: Up to 90% for purchases; 85% for cash-out refinances.
• Debt-to-Income (DTI) Ratio: Up to 50%
• Assets: 3-6 months of reserves; gifts allowed.
• Property: 1-4 units, including condos and non-warrantable properties.

If you have any questions or would like more information, call us at (949) 705-7735.