GEORGIA 12/24 BANK STATEMENT ONLY MORTGAGE LENDERS
Qualify with 12 Months of Personal Bank Statements Only:
- Up to 80%LTV!!!
• 100% of Deposits for Personal Statements!
• Don’t look at Withdrawals!
• Don’t look at Overdrafts!
• No P&L!
Bank Statements Only Mortgage Approvals 2 yrs from Foreclosure, Short Sale or BK
Interest Only Available
Up to $3,000,000 Loan Amounts
Georgia Bank Statement Only Mortgage Lender Requirements:
1. 12 Months of Statements
2. Owner Occ. w/ 700 FICO to 80%, 650 FICO to 75%,
3. Self Employed and 1099 borrowers only
24 Month Business & Personal Bank Statement Only Mortgage Program:
- Up to 90%LTV!!!
• 100% of Deposits for PersonalStatements!
• 50% of Deposits for Business Statements!
• Don’t look at Withdrawals!
• Don’t look at Overdrafts!
• No P&L!
• No Reserves!
90% LTV – 2yrs from Foreclosure, Short Sale or BK
Interest Only Available
Georgia Bank Statement Only Loan Amounts Up to $3,000,00
Requirements:
1. 24 Months of Statements
2. Owner Occ. w/ 600 FICO, Non Owner & 2nd Homes w/500 FICO
3. Self Employed and 1099 borrowers only
4. Only 6 NSF’s in most recent 12 months
Georgia Bank Statement Only Mortgage Lenders – Explained
Georgia Mortgage Lenders.com offers a 24-Month Bank Statement Only Program.
Borrower Employment Types:
Self Employed Georgia Mortgage Applicants or
1099
o Must provide Georgia business license, Tax Preparer’s letter or corporate paperwork.
Georgia mortgage lenders will accept Personal or Business Bank Statements. However, qualifying income will be calculated differently.
Personal Bank Statements: 100% of Deposits
Add all deposits for all 24 months and divide that amount by 24 to receive the monthly income amount we will apply as the Georgia mortgage applicants qualifying income.
Ex. 24 months deposits total = $200,000 / 24 = $8,333 a month income.
Business Bank Statements: 50% of Deposits
Add all Georgia bank 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.
* Only 50% is used because we have to assume the business has overhead.
Details of Georgia Mortgage Lenders Bank Statement Only Program:
Personal & Business Georgia Bank Statement Only Guidelines
Only deposits can be used
o Transfers are NOT counted on personal and case-by-case for business* Must have 24 consecutive months of statements (no gaps)
Must provide All pages (even the last pages with advertising)
Can not comingle (use two different accounts) statements**
If account was used and closed and new account for remainder of statements must show closing of old account and opening of new account
* Transfers may be accepted for business statements when they come from credit card clearing houses (examples: Paypal, Square, AMEX, etcetera). Case-by-Case and must be considered normal for the company.
** Multiple Georgia business accounts are considered on a case-by-case when (a) one account is closing and reopening new account, or (b) for Business accounts that are two different and autonomous businesses.
– A –
Cities in Georgia that begin with the letter “A”.
Abbeville, GA
Acworth, GA
Adairsville, GA
Adel, GA
Adrian, GA
Ailey, GA
Alamo, GA
Alapaha, GA
Albany, GA
Allenhurst, GA
Allentown, GA
Alma, GA
Alpharetta, GA
Alston, GA
Alto, GA
Ambrose, GA
Americus, GA
Andersonville, GA
Appling, GA
Arabi, GA
Aragon, GA
Argyle, GA
Arlington, GA
Armuchee, GA
Arnoldsville, GA
Ashburn, GA
Athens, GA
Atlanta, GA
Attapulgus, GA
Auburn, GA
Augusta, GA
Austell, GA
Avera, GA
Avondale Estates, GA
Axson, GA
– B –
Cities in Georgia that begin with the letter “B”.
Baconton, GA
Bainbridge, GA
Baldwin, GA
Ball Ground, GA
Barnesville, GA
Barney, GA
Bartow, GA
Barwick, GA
Baxley, GA
Bellville, GA
Berlin, GA
Bethlehem, GA
Bishop, GA
Blackshear, GA
Blairsville, GA
Blakely, GA
Bloomingdale, GA
Blue Ridge, GA
Bluffton, GA
Blythe, GA
Bogart, GA
Bolingbroke, GA
Bonaire, GA
Boneville, GA
Boston, GA
Bostwick, GA
Bowdon, GA
Bowdon Junction, GA
Bowersville, GA
Bowman, GA
Box Springs, GA
Braselton, GA
Bremen, GA
Brinson, GA
Bristol, GA
Bronwood, GA
Brookfield, GA
Brooklet, GA
Brooks, GA
Broxton, GA
Brunswick, GA
Buchanan, GA
Buckhead, GA
Buena Vista, GA
Buford, GA
Butler, GA
Byromville, GA
Byron, GA
– C –
Cities in Georgia that begin with the letter “C”.
Cadwell, GA
Cairo, GA
Calhoun, GA
Calvary, GA
Camak, GA
Camilla, GA
Canon, GA
Canton, GA
Carlton, GA
Carnesville, GA
Carrollton, GA
Cartersville, GA
Cassville, GA
Cataula, GA
Cave Spring, GA
Cecil, GA
Cedar Springs, GA
Cedartown, GA
Centerville, GA
Chatsworth, GA
Chauncey, GA
Cherrylog, GA
Chester, GA
Chestnut Mountain, GA
Chickamauga, GA
Chula, GA
Cisco, GA
Clarkdale, GA
Clarkesville, GA
Clarkston, GA
Claxton, GA
Clayton, GA
Clermont, GA
Cleveland, GA
Climax, GA
Clinchfield, GA
Clyo, GA
Cobb, GA
Cobbtown, GA
Cochran, GA
Cohutta, GA
Colbert, GA
Coleman, GA
Collins, GA
Colquitt, GA
Columbus, GA
Comer, GA
Commerce, GA
Concord, GA
Conley, GA
Conyers, GA
Coolidge, GA
Coosa, GA
Cordele, GA
Cornelia, GA
Cotton, GA
Covington, GA
Crandall, GA
Crawford, GA
Crawfordville, GA
Crescent, GA
Culloden, GA
Cumming, GA
Cusseta, GA
Cuthbert, GA
– D –
Cities in Georgia that begin with the letter “D”.
Dacula, GA
Dahlonega, GA
Daisy, GA
Dallas, GA
Dalton, GA
Damascus, GA
Danielsville, GA
Danville, GA
Darien, GA
Davisboro, GA
Dawson, GA
Dawsonville, GA
De Soto, GA
Dearing, GA
Decatur, GA
Demorest, GA
Denton, GA
Dewy Rose, GA
Dexter, GA
Dillard, GA
Dixie, GA
Doerun, GA
Donalsonville, GA
Douglas, GA
Douglasville, GA
Dover, GA
Dry Branch, GA
Du Pont, GA
Dublin, GA
Dudley, GA
Duluth, GA
– E –
Cities in Georgia that begin with the letter “E”.
East Ellijay, GA
East Point, GA
Eastanollee, GA
Eastman, GA
Eatonton, GA
Eden, GA
Edison, GA
Elberton, GA
Elko, GA
Ellabell, GA
Ellaville, GA
Ellenton, GA
Ellenwood, GA
Ellerslie, GA
Ellijay, GA
Emerson, GA
Enigma, GA
Epworth, GA
Esom Hill, GA
Eton, GA
Evans, GA
Experiment, GA
– F –
Cities in Georgia that begin with the letter “F”.
Fairburn, GA
Fairmount, GA
Fargo, GA
Farmington, GA
Fayetteville, GA
Felton, GA
Fitzgerald, GA
Fleming, GA
Flintstone, GA
Flovilla, GA
Flowery Branch, GA
Folkston, GA
Forest Park, GA
Forsyth, GA
Fort Benning, GA
Fort Gaines, GA
Fort Oglethorpe, GA
Fort Stewart, GA
Fort Valley, GA
Fortson, GA
Fowlstown, GA
Franklin, GA
Franklin Springs, GA
Funston, GA
– G –
Cities in Georgia that begin with the letter “G”.
Gainesville, GA
Garfield, GA
Gay, GA
Geneva, GA
Georgetown, GA
Gibson, GA
Gillsville, GA
Girard, GA
Glenn, GA
Glennville, GA
Glenwood, GA
Good Hope, GA
Gordon, GA
Gough, GA
Gracewood, GA
Grantville, GA
Gray, GA
Grayson, GA
Graysville, GA
Greensboro, GA
Greenville, GA
Griffin, GA
Grovetown, GA
Guyton, GA
– H –
Cities in Georgia that begin with the letter “H”.
Haddock, GA
Hagan, GA
Hahira, GA
Hamilton, GA
Hampton, GA
Haralson, GA
Hardwick, GA
Harlem, GA
Harrison, GA
Hartsfield, GA
Hartwell, GA
Hawkinsville, GA
Hazlehurst, GA
Helen, GA
Helena, GA
Hephzibah, GA
Hiawassee, GA
High Shoals, GA
Hillsboro, GA
Hinesville, GA
Hiram, GA
Hoboken, GA
Hogansville, GA
Holly Springs, GA
Homer, GA
Homerville, GA
Hortense, GA
Hoschton, GA
Howard, GA
Hull, GA
– I –
Cities in Georgia that begin with the letter “I”.
Ideal, GA
Ila, GA
Inman, GA
Iron City, GA
Irwinton, GA
Irwinville, GA
– J –
Cities in Georgia that begin with the letter “J”.
Jackson, GA
Jacksonville, GA
Jakin, GA
Jasper, GA
Jefferson, GA
Jeffersonville, GA
Jekyll Island, GA
Jenkinsburg, GA
Jersey, GA
Jesup, GA
Jewell, GA
Jonesboro, GA
Juliette, GA
Junction City, GA
– K –
Cities in Georgia that begin with the letter “K”.
Kathleen, GA
Kennesaw, GA
Keysville, GA
Kings Bay, GA
Kingsland, GA
Kingston, GA
Kite, GA
Knoxville, GA
– L –
Cities in Georgia that begin with the letter “L”.
La Fayette, GA
Lagrange, GA
Lake Park, GA
Lakeland, GA
Lakemont, GA
Lavonia, GA
Lawrenceville, GA
Leary, GA
Lebanon, GA
Leesburg, GA
Lenox, GA
Leslie, GA
Lexington, GA
Lilburn, GA
Lilly, GA
Lincolnton, GA
Lindale, GA
Lithia Springs, GA
Lithonia, GA
Lizella, GA
Locust Grove, GA
Loganville, GA
Lookout Mountain, GA
Louisville, GA
Louvale, GA
Lovejoy, GA
Ludowici, GA
Lula, GA
Lumber City, GA
Lumpkin, GA
Luthersville, GA
Lyerly, GA
Lyons, GA
– M –
Cities in Georgia that begin with the letter “M”.
Mableton, GA
Macon, GA
Madison, GA
Manassas, GA
Manchester, GA
Manor, GA
Mansfield, GA
Marble Hill, GA
Marietta, GA
Marshallville, GA
Martin, GA
Matthews, GA
Mauk, GA
Maxeys, GA
Maysville, GA
McCaysville, GA
Mcdonough, GA
McIntyre, GA
McRae, GA
Meansville, GA
Meigs, GA
Meldrim, GA
Menlo, GA
Meridian, GA
Mershon, GA
Mesena, GA
Metter, GA
Midland, GA
Midville, GA
Midway, GA
Milan, GA
Milledgeville, GA
Millen, GA
Millwood, GA
Milner, GA
Mineral Bluff, GA
Mitchell, GA
Molena, GA
Monroe, GA
Montezuma, GA
Monticello, GA
Montrose, GA
Moreland, GA
Morgan, GA
Morganton, GA
Morris, GA
Morrow, GA
Morven, GA
Moultrie, GA
Mount Airy, GA
Mount Berry, GA
Mount Vernon, GA
Mount Zion, GA
Mountain City, GA
Murrayville, GA
Musella, GA
Mystic, GA
– N –
Cities in Georgia that begin with the letter “N”.
Nahunta, GA
Nashville, GA
Naylor, GA
Nelson, GA
Newborn, GA
Newington, GA
Newnan, GA
Newton, GA
Nicholls, GA
Nicholson, GA
Norcross, GA
Norman Park, GA
Norristown, GA
Norwood, GA
Nunez, GA
– O –
Cities in Georgia that begin with the letter “O”.
Oakfield, GA
Oakman, GA
Oakwood, GA
Ochlocknee, GA
Ocilla, GA
Oconee, GA
Odum, GA
Offerman, GA
Oglethorpe, GA
Oliver, GA
Omaha, GA
Omega, GA
Orchard Hill, GA
Oxford, GA
– P –
Cities in Georgia that begin with the letter “P”.
Palmetto, GA
Parrott, GA
Patterson, GA
Pavo, GA
Peachtree City, GA
Pearson, GA
Pelham, GA
Pembroke, GA
Pendergrass, GA
Perkins, GA
Perry, GA
Pine Lake, GA
Pine Mountain, GA
Pine Mountain Valley, GA
Pinehurst, GA
Pineview, GA
Pitts, GA
Plainfield, GA
Plains, GA
Plainville, GA
Pooler, GA
Portal, GA
Porterdale, GA
Poulan, GA
Powder Springs, GA
Preston, GA
Pulaski, GA
Putney, GA
– Q –
Cities in Georgia that begin with the letter “Q”.
Quitmn, GA
– R –
Cities in Georgia that begin with the letter “R”.
Rabun Gap, GA
Ranger, GA
Ray City, GA
Rayle, GA
Rebecca, GA
Red Oak, GA
Redan, GA
Register, GA
Reidsville, GA
Rentz, GA
Resaca, GA
Rex, GA
Reynolds, GA
Rhine, GA
Riceboro, GA
Richland, GA
Richmond Hill, GA
Rincon, GA
Ringgold, GA
Rising Fawn, GA
Riverdale, GA
Roberta, GA
Rochelle, GA
Rock Spring, GA
Rockledge, GA
Rockmart, GA
Rocky Face, GA
Rocky Ford, GA
Rome, GA
Roopville, GA
Rossville, GA
Roswell, GA
Royston, GA
Rupert, GA
Rutledge, GA
Rydal, GA
– S –
Cities in Georgia that begin with the letter “S”.
Saint George, GA
Saint Marys, GA
Saint Simons Island, GA
Sale City, GA
Sandersville, GA
Sapelo Island, GA
Sardis, GA
Sargent, GA
Sasser, GA
Sautee Nacoochee, GA
Savannah, GA
Scotland, GA
Scottdale, GA
Screven, GA
Sea Island, GA
Senoia, GA
Seville, GA
Shady Dale, GA
Shannon, GA
Sharon, GA
Sharpsburg, GA
Shellman, GA
Shiloh, GA
Siloam, GA
Silver Creek, GA
Smarr, GA
Smithville, GA
Smyrna, GA
Snellville, GA
Social Circle, GA
Soperton, GA
Sparks, GA
Sparta, GA
Springfield, GA
Stapleton, GA
Statenville, GA
Statesboro, GA
Statham, GA
Stephens, GA
Stillmore, GA
Stockbridge, GA
Stockton, GA
Stone Mountain, GA
Suches, GA
Sugar Valley, GA
Summertown, GA
Summerville, GA
Sumner, GA
Sunny Side, GA
Surrency, GA
Suwanee, GA
Swainsboro, GA
Sycamore, GA
Sylvania, GA
Sylvester, GA
– T –
Cities in Georgia that begin with the letter “T”.
Talbotton, GA
Talking Rock, GA
Tallapoosa, GA
Tallulah Falls, GA
Talmo, GA
Tarrytown, GA
Tate, GA
Taylorsville, GA
Temple, GA
Tennga, GA
Tennille, GA
The Rock, GA
Thomaston, GA
Thomasville, GA
Thomson, GA
Tifton, GA
Tiger, GA
Tignall, GA
Toccoa, GA
Toomsboro, GA
Townsend, GA
Trenton, GA
Trion, GA
Tucker, GA
Tunnel Hill, GA
Turin, GA
Turnerville, GA
Twin City, GA
Ty Ty, GA
Tybee Island, GA
Tyrone, GA
– U –
Cities in Georgia that begin with the letter “U”.
Unadilla, GA
Union City, GA
Union Point, GA
Upatoi, GA
Uvalda, GA
– V –
Cities in Georgia that begin with the letter “V”.
Valdosta, GA
Valona, GA
Varnell, GA
Vidalia, GA
Vienna, GA
Villa Rica, GA
– W –
Cities in Georgia that begin with the letter “W”.
Waco, GA
Wadley, GA
Waleska, GA
Walthourville, GA
Waresboro, GA
Warm Springs, GA
Warner Robins, GA
Warrenton, GA
Warthen, GA
Warwick, GA
Washington, GA
Watkinsville, GA
Waverly, GA
Waverly Hall, GA
Waycross, GA
Waynesboro, GA
Waynesville, GA
West Green, GA
West Point, GA
Weston, GA
Whigham, GA
White, GA
White Oak, GA
White Plains, GA
Whitesburg, GA
Wildwood, GA
Wiley, GA
Willacoochee, GA
Williamson, GA
Winder, GA
Winston, GA
Winterville, GA
Woodbine, GA
Woodbury, GA
Woodland, GA
Woodstock, GA
Wray, GA
Wrens, GA
Wrightsville, GA
– Y –
Cities in Georgia that begin with the letter “Y”.
Yatesville, GA
Young Harris, GA
– Z –
Cities in Georgia that begin with the letter “Z”.
Zebulon, GA
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