The Bank Statement Loan Program offered by Logan provides significant advantages, especially for self-employed borrowers and high-net-worth individuals who may not have traditional qualifying information on their tax returns. Here are the key benefits of this program:
Expanded Borrower Reach: The Bank Statement Loan Program extends your lending capabilities to a broader group of high-net-worth potential borrowers, including self-employed individuals who might not meet traditional income verification criteria.
No Traditional Qualifying Information: Borrowers can qualify for loans without the need for traditional income documentation typically found on tax returns. This offers flexibility to individuals with complex financial situations.
High Loan Amounts: Eligible self-employed borrowers can access financing options for amounts of up to $5 million. This higher loan cap accommodates significant real estate investments or property purchases.
Personal or Business Bank Statements: Borrowers have the flexibility to use either personal or business bank statements for income verification, allowing them to choose the most suitable option for their financial profile.
Loan Amounts
Up to $5M
DTI
Up to 55%
LTV
Up to 90% СLTV
Min FICO
599