Trouble Showing Income to Qualify?

Although stated income loans are only eligible for investment properties and business purposes, we have loan products to help self employed people qualify for home loans. One of the alternatives has become showing bank statements, and now we can show bank statements for just one month! This loan can be used for purchases, refinances, and cash-out refinances.

Elite Financial uses the borrowers personal bank statement, and use the income related deposits from that one statement as qualifying income. It's as simple as that. Minimum FICO scores and loan to values apply. This product is eligible for SFR, condos, 1-4 and townhomes.