Bank statement loans.
8 cakes take bank statements.
Every cake with a published matrix for this income type, largest loan first. Open one for its limits and matrix.
- Coffee Cake Lite
620+ · 90% LTV · to $4M
- Cup Cake
620+ · 90% LTV · to $4M
- Sponge Cake
620+ · 90% LTV · to $3M
- Funnel Cake
660+ · 90% LTV · to $3M
- Pound Cake Lite
660+ · 90% LTV · to $3M
- Cup Cake Investor
620+ · 85% LTV · to $3M
- Bundt Cake
660+ · 85% LTV · to $3M
- Bundt Cake Investor
660+ · 85% LTV · to $3M
- Cheese Cake
660+ · 85% LTV · to $3M
- Velvet Cake
660+ · 85% LTV · to $3M
- Coffee Cake
680+ · 80% LTV · to $2.5M
- Funnel Cake Lite
620+ · 80% LTV · to $2M
- Sponge Cake Lite
620+ · 80% LTV · to $1.5M
What the file needs.
Deposits from 12 or 24 months of statements, less a 50% fixed expense ratio, or a lower ratio from a CPA, EA, CTEC preparer, PTIN holder, or tax attorney, with a 10% minimum.
- 12 or 24 consecutive months of complete business statements from one account, or personal statements plus the two most recent months of business statements
- At least one year self-employed in the same business and two years in the same line of work
- At least 25% ownership of the business
- No tax returns and no 4506-C
- Third-party verification that the business is active, within 60 days of the note date
From the Non-QM guidelines, version 5.0, section 6.1. The guidelines and matrix govern every file.
Read the guidelines (PDF, opens in a new tab)Check a scenario.
Move the score, LTV, and loan amount. The cakes that take it line up.
Other ways to document income
Have one of these files?
Talk it through with an account executive at (833) 717-0401 before you submit, or apply to become a partner and submit in TPO Connect.
Already approved? Log in to TPO Connect (opens in a new tab)
