Credit scores starting at 620 | Up to 90% LTV, No MI

    Mortgage Capital’s Bank Statement Mortgage program is the perfect option for self-employed borrowers who need an alternative method to show the true cash flow of their business. Borrowers do not have to own 100% of the business.
    • Loans up to $3,000,000 with a minimum of $150,000
    • 12 or 24 months business or personal bank statements
    • Two years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
    • Rates are 30-year fixed
    • Two years self-employed required
    • Borrowers can own as little as 50% of the business for business bank statements and 25% for personal bank statements
    • Purchase, cash-out and rate-term refinance
    • Owner-occupied, second homes and non-owner occupied
    • 1099 option available
    • 30 year fixed with 10 year Interest Only available
    • Most loans will be qualified on an expense factor of 50%. Companies with a lower expense factor will require a statement from a third party CPA or tax preparer. (Some industries with traditionally higher expense factors will be underwritten with a 70% expense factor.)
    • Non-warrantable condos allowed