Offering reasonable qualifications based on your bank statements
Through Homestar, this program provides a new and innovative financing solution to self-employed borrowers. Product highlights include:
- Qualify using personal bank statements and/or business bank statements for most recent 12 months
- Minimum FICO of 620
- Investment properties and second homes allowed
- W-2 co-borrower is allowed
- W-2 co-borrower income and employment traditionally verified
- DTI up to 50%
- Assets must be fully documented
- 15 & 30 year fixed, 5/1, 7/1, 10/1 ARM Interest only available on ARM’s
- Loan amount from $100,000 to $3,000,000
- Gift Funds and Gift Equity allowed
- No ownership seasoning requirement for cash out refinance