Bank Statement & Stated Income

 Alternative Income Home Loans
No Tax Returns - No K1's - No 1099

12 and 24 Month Gross Bank Deposit Income Qualifier for Self Employed
True Stated Income for Investment Purchase or Business Loans
 Minimum Loan Amount $250,000
Maximum Loan Amount- $3,000,000 
Purchase or Refinance or Cash Out Refinance
Primary Residence - Investment - 2nd/Vacation Home
No Manufactured or Mobile Homes or Commercial Property
New Builder Homes OK but No Construction Financing
Mixed Use Residential Options
Stated Income Business Loans Secured To Primary Residence

10% Minimum Down Payment Primary and 2nd Homes
20% Minimum Down Payment For Investment Property


For various credit score levels I can offer 12 and 24 month bank statement average earnings to substitute for tax return requirements for owner occupied, 2nd home and investment purchase and refinance. This is only available for self employed borrowers that show earnings based on monthly deposits into a personal or business bank account. Must be self employed for a minimum of two years.  I can also use w-2 earnings IF one spouse is self employed. Product also allows short sale, foreclosures, and bankruptcy that have a discharge date > 24 months.

For investment property purchase and refinance only I can offer a true "stated" income for wage earner or self employed. No income documentation required of any sort.

Each borrower scenario will be different and interest rates as well as down payment, LTV limits, maximum loan amount, etc. will be determined on recency of credit events and current FICO scores.   All Alt Income Loans will require borrower paid "points" ranging from 0.5 to 2.5 Points. There are no pre payment penalties or PMI required for primary residence. 2 Year Pre Pay Penalty for Investment properties only.

For Lease Option to Purchase transactions executed >12 months ago I can use the CURRENT appraised value. This means any appreciation in value between sales price and appraised value is passed to the buyer as equity or down payment and thus mimimizing out of pockets costs.  


Below you will find a general summary of product guidelines for our Non Prime and Alt Income home loans. Please email or call me with your scenario for more specific information and a personalized rate quote. Updated 12/07/2017 and subject to change without notice. Not all programs available in all states. Please see state list below.

Alt Income and Non Prime Loans available in  AL, AZ, AR, CA, CO, CT, DC, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MI, MN, MT, MI, NE, NH, NJ, NM, NV, NC, OK, OH, OR, PA, RI, SC, TN, TX, UT, VT, VI, WA, WI. WY  (updated 12/8 /2017)


Bank Statement Deposit for Self Employed - No Tax Returns Required

* 620+ MID FICO Score
* 24 Month Bank Statement Average Deposit for Income Qualification / 12 month average available for higher FICO scores with personal bank statements.
* Single Family, Condo and 1-4 Unit properties 
* Owner Occupied, 2nd Home and Investment Property
* DTI to 50% OK!
* 10% Down payment to $1,499,000 loan amount (requires 700 MID FICO)
* 15%+ Down Payment to $2,000,000 Loan Amount (requires 640 FICO)
* 20%+ Down to $2,000,000 Loan Amount (requires 620 MID FICO)
* 25% Down required for loan amounts $2M to $3M (requires 700 MID FICO)
* 24 month seasoning required for Short Sale, Foreclosure, and Bankruptcy.
* Can use deposits into either business or personal bank accounts
* Can use w-2 earnings from one borrower and bank deposits from self employed co borrower
* For Immedicate Rate Quote please use the contact form below, call or send an email with your scenario details.


Full Income Doc Loans for Recent Credit Events:  

* 580+ MID FICO Score
* NO SEASONING for Short Sale, Deed in Lieu, Foreclosure 
* 2 Year Seasoning Bankruptcy 
* Full Income Doc Only 
* $750,000 Max Loan Amount 25% down. $600,000 Max Loan Amount 20% Down 
* 50% Total Max DTI Ratio
* Owner Occupied Homes Only

I have an extremely diverse Alt Income and Non Prime home loan product base. If you don't see the perfect match just email me your scenario. I only have room to share portions of our offerings on this site and our products are expanding. I have over 20 years of mortgage experence and can offer one of the largest product base of Alt Income and Non Prime loans in the market.

Non Prime Loans available in  AL, AZ, AR, CA, CO, CT, DC, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MI, MN, MT, MI, NE, NH, NJ, NM, NV, NC, OK, OH, OR, PA, RI, SC, TN, TX, UT, VT, VA, WA, WI. WY  (updated 11/18/2017)

Please email, call or submit the below contact form for additional information or rate quotes.

John Peisner
Mortgage Banking
(303) 482-5983
NMLS #239185

Bank Of England Mortgage
5600 S. Quebec Street #225D
Greenwood Village, CO 80111

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