Alt-Doc Loans Using 24 Months Personal Or Business Bank Statements As Income

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.

To download underwriting guidelines
for our alt-doc loans that use 24 months bank statements as income:

To download a loan application
for our alt-doc loans that use 24 months bank statements as income:

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.

  • Obtaining a mortgage through Lenderline was by far the best loan process we have ever experienced.

    Jay M.

    Northridge, CA

  • We have purchased and/or refinanced 4 rental properties and 3 different residences... In all those years, we have never dealt with such a professional broker.

    Toni M.

    Westlake Village, CA

  • Lenderline got us a cash-out refinance using 24 months bank statements as income, no tax returns, no 1099, and no 4506-T. They had just the loan product we were looking for, their rates were good, and their attention to detail was outstanding. I have already referred some of my friends.

    Thomas J.

    Perris, CA

  • I was at the end of my rope. Other lenders had turned me down due to a recent short sale, and I had a hard money loan with a balloon payment that was coming due. Lenderline was able to pay off my hard money loan, lower my interest rate, and provide some additional cash out at closing. What a lifesaver!

    Hector R.

    Northridge, CA

  • I had no FICO scores, and Lenderline was able to get me an FHA loan with only 3.5% down. My mortgage payment is less than my rent was, and I am now a happy homeowner thanks to the awesome loan agents at Lenderline.

    Edwin D.

    Los Angeles, CA

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