Bank statement loans don’t need your tax returns, W-2s, pay stubs, or employer verification forms. Instead, you can use your personal bank accounts, or personal and business bank accounts, to prove your income and cash flow.
12 or 24 months business or personal bank statements
Two years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
Two years self-employed required
Purchase and cash-out or rate-term refinance
Owner-occupied, second homes, and non-owner occupied
Most loans will be qualified on an expense factor of 50%.