Bank Statement Loans: Empowering Self-Employed Borrowers
Unlock Flexibility with Bank Statement Loans
At Swiftly Loans Inc., we understand the unique financial situations of self-employed individuals. Our Bank Statement Fixed Loan products are designed to provide a straightforward and transparent borrowing experience, allowing you to qualify using your bank statements rather than traditional income documentation.
What We Offer
- Loan Amounts: Available from $100,000 to $3.5 million, catering to various financial needs and property types.
- Credit Score Requirements:
- 620+ FICO Score: LTVs up to 90%.
- 660+ FICO Score: LTVs up to 85% or 80%, depending on the specific product.
Property Types
- Eligible Properties: Primary, second, and investment properties.
- Loan Types:
- Purchases
- Rate/Term Refinances
- Cash-Out Refinances (restricted to primary homes only for certain options)
Why Choose Bank Statement Fixed Loans?
- Streamlined Qualification: Ideal for self-employed borrowers who may find it challenging to provide traditional income documents.
- Flexible Loan Amounts: Access loans from $100,000 up to $3.5 million.
- High LTV Options: Enjoy up to 90% LTV with a 620+ FICO score, or up to 90%, 85% or 80% LTV with a 660+ FICO score, depending on the product.
- Wide Range of Uses: Available for primary, secondary, and investment properties, including purchases, rate/term refinances, and cash-out refinances.
- Adaptable Reserve Requirements: Reserve requirements vary from 6 to 12 months based on the loan amount and property type, with specific conditions for cash-out refinances.
- Temporary Rate Buydowns: Some loan options permit temporary rate buydowns, providing further flexibility.
Products for California's Real Estate
how Swiftly Loans Inc. Can Help
Our team is dedicated to guiding you through every step of the process, ensuring you find the Bank Statement Fixed Loan that best suits your needs. We’ll assist with understanding eligibility, navigating reserve requirements, and exploring the full range of loan options available. With Swiftly Loans Inc., you can confidently secure the financing you need while enjoying a smooth, efficient application process.
Ready to see how we can help? Contact us today to discuss your options and find the perfect loan solution tailored to your unique situation.
