Pennsylvania Stated Income Mortgages - 660 credit score +

Are you self employed and have tax returns that are not helpful for loan underwriting?

Stated income mortgage Self employed

We understand the complexities of being self employed.

You might have a lot of expenses recently that reduced your profit.  These expenses might not continue.   The current year might be a lot better and you have not filed your taxes yet.  There are many reasons why your bank statements can help you be approved for more than your tax returns.

We can use your bank statements.

If you are self employed and have a credit score of at least 660, we can use your bank statements, rather than tax returns, to verify your income.  90% maximum LTV (10% down) with a 720 minimum credit score.  85% max LTV with a 660 minimum credit score.  Primary residence and second home options available.  $100,000 minimum loan amount.

We average your business and/or personal deposits for 12 or 24 months.  

Requirements:

  • 2 year minimum self-employed at current business.
  • Must provide most recent bank statements.
  • Deposits should be stable and generally predictable
  • Deposit trend should not be declining
  • Primary residence and second home only.  
  • Rental income can not be used.
  • Personal or business statement options 
  • Gift funds allowed after borrower has 5% down of their own funds
  • Non-warrantable condos and 1-4 units are eligible 
  • 600 minimum square feet of living space

Terms:

  • 10-40 year
  • Interest only, adjustable or fixed rates

Let us put our experience to work for you.

Certified Pennsylvania Mortgage Broker

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This web page is relevant to stated income mortgages in the following areas:
Philadelphia PA Monroe County, PA Berks County Stated Income Loan Programs:
Pittsburgh, PA Northampton County, PA Chester County, PA Self employed mortgage
York County, PA Lehigh County Pennsylvania Bucks County Pennsylvania      15-year fixed mortgage
Lancaster County, PA       Montgomery County Pennsylvania    Delaware County, PA 20-year Fixed Mortgage
Lowest PA Mortgage rates   PA Mortgage Refinancing Pennsylvania No Doc 30-year Fixed Mortgage
Allegheny County, PA Pike County Lowest Rates Pennsylvania Stated income Bad credit mortgage
Current Mortgage Rates Self employed