Self-Employed and Business Owners, as well as those who earn seasonal income, are finally starting to have access to excellent mortgage options. This includes mortgage program does not require you to submit any tax returns, W2’s, or pay stubs; rather allow you to use bank statements to verify your income instead. Fidelity Home Group is offering a 3 Month Bank Statement mortgage program. 

Bank Statement Program Options:

• 3 Month Bank Statement Program
• 12 month Bank Statements to 90% LTV with no Mortgage Insurance
• 24 months Bank Statements to 90% LTV with no Mortgage Insurance

3 Month Bank Statement Program Details:

• 75% LTV max purchase
• 70% LTV max refinance
• Loans up to $3 million [ Minimum Loan Amount of $200,000 ] 
• Self-Employed Borrowers Only
• Verification of business 2 yr. history [ CPA Letter, Formation Articles, or Bus License ]
• Credit scores starting at 740 
• Bank Transfers can be used for qualifying income
• No charge offs, collections, or tax liens
• No tax returns required
• No W2’s required
• No pay stubs required
• 3 Months of most recent of personal bank statement -100% of deposits used
• 3 Months of most recent of business bank statement -50% of deposits used
• Primary Residence Only
• First-time home buyers OK
• 12 Months Reserve funds required for Purchase
• 24 Months Reserve funds required for Cash Out Refinance
• 24 Months of Verification of current rental history required for purchase and refinance
• When applying for the 3 Month Bank Statement Program, the mortgage application must in the same name[s] listed on the Bank Statements.