Bank Statement Loan Requirements: Credit Score, Down Payment and Reserves
No federal rule sets the credit score, down payment or reserves for a bank statement loan. Here's what I typically see and how the three trade off.
7 min read
Mortgage Blog
Expert guidance for business owners, investors, and complex borrowers navigating mortgage decisions — without the fluff.
Bank Statement Loan Requirements: Credit Score, Down Payment and Reserves
What a bank statement loan typically requires for credit score, down payment and reserves, and why the real hurdle is total cash, not the down payment.
8 min read
Charlotte Home Sales Fell 8.7% in August. Here's What Buyers Can Ask the Seller to Pay.
Charlotte-area closings fell 8.7% in August while rates hit 7.40%. The seller credit cap, not the median price, decides how much room you have to negotiate.
· 6 min read
How Hard Is It to Get a VA Loan? The Process, Step by Step, and the Test Nobody Mentions
A VA loan feels a lot like a conventional loan. Here's the step-by-step process, what's different, and the residual income test most buyers never hear about.
7 min read
The Complete Bank Statement Loan Guide for Self-Employed Borrowers
How bank statement loans work, who qualifies, how income is calculated, what the fine print says, and how to prepare. Written by a 20-year mortgage broker.
14 min read
What Is a Bank Statement Loan and How Does It Work?
A bank statement loan qualifies you on 12 months of deposits, not tax returns. Here's how I calculate the income and where files go wrong.
7 min read
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