If you are self-employed, it can be difficult to show enough income on your taxes to qualify for a mortgage. It can also be a hassle to gather the necessary income docs needed to apply.
That’s why TMG Mortgages is offering Bank Statement Loans, allowing qualified borrowers to provide their personal or business bank statements, instead of tax returns, to qualify for a loan up to $3M. And our Bank Statement Loans enable borrowers to go up to 85% LTV without having to pay MI, allowing them to keep their monthly payments lower.
Qualify with Personal Account Deposits and Business Account Deposits (12 consecutive months)
- Up to $4M Loan Amounts
- Up to 85% Max LTV
- Self-Employed and 1099 Borrowers
- 600 or greater credit scores
- No reserves required at 75% or less LTV
- No 4506T / No K1’s / No P&L’s
- No MI
