LENDERLINE^® is currently offering alternative documentation mortgages using 24 months personal or business bank statements as income, under the following guidelines:

• The property must be located in the State of California.
• Most recent 24 months business or personal bank statements used as income.
• No tax returns.
• No 4506-T.
• Self-employed borrowers only.
• Primary residence, second home, and non-owner-occupied transactions allowed.
• Purchase, rate and term, or cash out refinance allowed.
• Up to 90% LTV for owner-occupied purchase.
• Up to 80% LTV for owner-occupied rate/term refinance.
• Up to 75% LTV for owner-occupied cash-out refinance.
• Up to 75% LTV for non-owner-occupied purchase.
• Up to 70% LTV for non-owner-occupied rate/term or cash-out refinance.
• 500 minimum credit score (see underwriting guidelines for LTV restrictions).
• See underwriting guidelines for seasoning requirements for foreclosure, deed-in-lieu, short sale, or bankruptcy.
• Up to 50% debt-to-income ratio.
• SFR, PUD, condo, townhouse, condotel, and 2-4 units allowed.
• US citizens and permanent residents allowed.
• $75,000 minimum loan amount.
• $5,000,000 maximum loan amount.
• Gift funds allowed for entire down payment and closing costs.
• No reserves required.
• 5/1 ARM, 7/1 ARM or 30-year fixed rate available.
• All loans require impounding of property taxes and hazard insurance.
• Interest-only option available (see underwriting guidelines and pricing adjustment).
• No prepayment penalty.

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LENDERLINE^® is your alt-doc 24 months bank statements lender of choice. We offer many loan types, including our 24 months bank statement loan program, which is available as either a fully amortized or an interest only loan.

Questions? To get today’s interest rates or to receive a FREE mortgage consultation, call LENDERLINE^® toll-free at 1-888-661-7888, or complete this form to schedule an appointment.