Bank Statement Loan

Bank Statement Mortgage Loans in Vermont

Mansfield Mortgage is your local expert on bank statement loans in Vermont. There are two separate qualification options that take into consideration all the income and assets self-employed high net worth borrowers have at their disposal. Contact Mansfield Mortgage to learn more and apply for a bank statement mortgage loan!

Ready for a bank statement mortgage loan? There are two qualifications to consider when applying: asset and based on bank statements.

Mortgage Loan Home Sold

OPTION 1

Asset Base Qualifications

Personal or business statements allowed

  • Borrowers are qualified based on verified liquid assets
  • Foreign Nationals allowed
  • Credit scores as low as 680
  • Loan amounts up to $3 million
  • Minimum loan amount $100,000
  • Multiple Options (5/1, 7/1, 10/1 ARM; 15 and 30 Year Fixed Available)
  • Max cash out $1.5 million
  • Employment and income are not required to be disclosed on the 1003 loan application
  • Upon meeting fund seasoning from an approved bank, no domestic seasoning required

OPTION 2

Bank Statements

New! Personal or business statements allowed.

Retirement and other income allowed. Self-Employed Borrowers* using Bank Statements with or without Asset Amortization. One borrower must be self-employed and may have a W-2 co-borrower.

  • Loan amounts up to $3 million
  • Minimum loan amount $100,000
  • Multiple Options (5/1, 7/1, 10/1 ARM; 15 and 30 Year Fixed Available)
  • Max cash out $1.5 million

DTI (debt ratio) up to 50%