12 MONTHS ONLY GEORGIA BANK STATEMENT MORTGAGE LENDERS
Here’s a great low doc Georgia bank statement only loan program for Georgia self-employed borrowers that can provide 12 months of bank statements to qualify for a Georgia mortgage without tax returns.
Yes you heard Right! Georgia Mortgage Loan Approvals With No Tax Returns!
You simply provide your personal Georgia bank statements or your business/corporate Georgia bank statements to get approved based on your average monthly deposits. If you are buying a Georgia home and had low income reported on your Georgia tax returns use this program in lieu of full-doc programs with just 15%-30% down payment on primary home or as much as 85% loan to value on Georgia bank statement only refinances without cash out. Even if you have bad credit Georgia home loan approvals down to a 600 credit score!
BREAKING NEWS! – NOW WE CAN APPROVE MIXED BOTH BUSINESS AND PERSONAL DEPOSITS!
|Georgia Bank Statement Only Loan Approvals For (Personal or Business)
WE WORK WITH EVERYONE UNTIL THEY GET APPROVED!!
WE WILL SHOW YOU HOW TO GET APPROVED!
It is only available for Georgia properties. If you have a vacation home or 1-4 unit Georgia homes that will qualify as well but at lower loan to value limits. Below is a quick chart to use and see our guidelines quickly
|Bank Statement Program|
|Georgia Loan to Values|
|Purchase or Refinance||Cash Out Refinance|
|Georgia Owner-Occupied and Rental Homes||85%||65%|
|Georgia Non-Owner occupied 1-4 units||75%||65%|
Georgia Loan Amounts
|2.75||5/2/5||1 Year Libor|
NOW WE CAN APPROVE MIXED BOTH BUSINESS AND PERSONAL DEPOSITS!
Georgia Mortgage Lenders offers both 12 and a 24-Month Georgia Bank Statement Program.
Georgia Self Employed – Must provide Georgia business license, Tax Preparer’s letter or corporate paperwork.
We accept Georgia Personal or Georgia Business Bank Statements. However, qualifying income will be calculated differently. Here are some examples:
Add all Georgia bank statement deposits for all 24 months and divide that amount by 24 to receive the monthly income amount
Ex. 24 months deposits total = $200,000 / 24 = $8,333 a month income.
Add all deposits for all 24 months, divide by 2, and then divide by 24 to receive the monthly income amount we will give to the borrower.
Ex. 24 month deposit total = $500,000 / 2 = $250,000 / 24 = $10,333 a month income.
The AltQM™ Series makes it possible to say yes.
AltQM™ INVESTOR | AltQM™ AGENCY PLUS | AltQM™ ALTERNATIVE DOCUMENTATION
Purchase | Rate/Term refi | Cash Out refi
For high net worth or self employed Georgia bank statement borrowers, the AltQM™ Alternative Documentation program features reasonable qualification based on either bank statements or eligible assets.
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