© LOAN PROGRAMS PRODUCT 15 OF 20
Qualify on your deposits instead of your tax returns. Non-QM loans from $200,000 to $10,000,000 on terms of 5 to 30 years, using 12 to 24 months of personal or business bank statements, owner occupied or not.
REQUIREMENTS
BENEFITS
© BANK FINANCING PRODUCT 15 OF 20
Self-employment and mortgage underwriting have never agreed. A business owner spends the year legitimately reducing taxable income, then applies for a loan and is measured on the number they worked to make small. The bank statement loan measures the deposits instead: 12 to 24 months of personal or business statements, read against a documented expense factor.
The card puts this in careful language, and the language is worth keeping: this is a solution with distinct approval parameters for borrowers that have demonstrated the ability to repay a loan but cannot qualify for a standard mortgage program. Ability to repay is the legal test, and the point of the product is that a real business meets it even when a tax return does not show it.
The published terms are Non-QM loans from $200,000 to $10,000,000 on terms of 5 to 30 years, with the rate and leverage set per file. Occupancy covers owner occupied and not owner occupied, and flexible expense factors are published as a benefit, which is the lever that decides how much of the deposit flow counts as income.
This unique solution has distinct approval parameters for borrowers that have demonstrated the ability to repay (ATR) a loan but cannot qualify for a standard mortgage program. Qualify for a mortgage using your personal or business bank statements. Perfect for self-employed borrowers and business owners who want flexible documentation, high LTV, and great rates.
Loan Goat, on bank statement mortgage loans
© THE COMPARISON 4 PRODUCTS IN THIS PROGRAM
Four products sit under bank financing and each answers a different documentation problem. This one uses deposits. Its closest neighbour uses a profit and loss statement instead, at lower leverage and a higher score.
Qualify on a 12 month business P&L and a business license instead of statements, on the same Non-QM terms.
For owner-occupied commercial real estate at 51% or more: SBA 7(a) and 504 at up to 90% LTV over terms to 25 years.
For eligible veterans: VA 3/1 and 5/1 ARMs at up to 100% LTV to $4,000,000 with no down payment.
For an investment rental: a DSCR loan qualified on the property's cash flow at up to 80% LTV on 30 or 40 year fixed terms from 6.50%.
Every figure below is the one printed on that product's live terms card. Rates and pricing are subject to change and are not a commitment to lend.
| Product | LTV Up To | Terms | Loan Amounts |
|---|---|---|---|
| BANK STATEMENT MORTGAGE LOANS | 5 to 30 years | $200,000 to $10,000,000 Non-QM | |
| P&L-ONLY BUSINESS MORTGAGE LOANS | 5 to 30 years | $200,000 to $10,000,000 Non-QM | |
| SBA 7(A) & 504 LOANS | 5 to 30 years | Sized to the property | |
| VA 3/1 & 5/1 ARM LOANS | 100% | 3/1 & 5/1 ARM | $4,000,000 |
WHO IT IS FOR · 02
Self-employed borrowers, business owners and commission earners whose bank deposits tell a truer story than their returns, buying or refinancing a primary residence or an investment property.
OUR PROCESS · 03
The four steps, with the second one carrying 12 to 24 months of statements rather than returns. The expense factor applied to the deposits is set at underwriting and confirmed on the Letter of Intent.
© PROPERTY TYPES AS PRINTED ON THE TERMS CARD
Three residential classes, and unusually for the Loan Goat set, occupancy covers both owner occupied and not owner occupied on the same card.
© BANK STATEMENT MORTGAGE LOANS
YOUR DEPOSITS TELL A TRUER STORY THAN YOUR TAX RETURN.
PUBLISHED TERMS
© GOOGLE REVIEWS 5.0 GOOGLE RATING · 150+ REVIEWS
The team at Loan Goat literally saved my life. I was in such a bind and didn't think I had anywhere else to turn. Even with my extensive knowledge in this field I felt I was going to lose everything. The team has insight and plans I never...
Fantastic experience working with Milad and his staff at loan goat. Closed both of my loans in less than 10 days. Best hard money lender hands down in San Diego
I recently completed a bridge cash-out refinance from a private lender through Loan Goat and I cannot say enough good things about the experience. As a borrower in New York - one of the most attorney-heavy and regulation-intensive states - the...
The team at Loan Goat literally saved my life. I was in such a bind and didn't think I had anywhere else to turn. Even with my extensive knowledge in this field I felt I was going to lose everything. The team has insight and plans I never...
Fantastic experience working with Milad and his staff at loan goat. Closed both of my loans in less than 10 days. Best hard money lender hands down in San Diego
I recently completed a bridge cash-out refinance from a private lender through Loan Goat and I cannot say enough good things about the experience. As a borrower in New York - one of the most attorney-heavy and regulation-intensive states - the...
© QUESTIONS 5 ANSWERS
12 to 24 months of personal or business bank statements, as published on the card. Which of the two, and how many months, depends on the business and the file, and it is confirmed before the Letter of Intent is signed.
Not on this product. The documentation line is 12-24 months bank statements. The P&L only loan takes the same approach with a 12 month profit and loss statement and a business license, on the same Non-QM terms.
Non-QM loans run from $200,000 to $10,000,000 on terms of 5 to 30 years, and the leverage and rate a specific file supports are fixed on the Letter of Intent.
It is the share of deposits treated as business cost rather than income. The card publishes flexible expense factors as a benefit, which means the factor is set against the actual business rather than applied as one blanket number.
Yes. Occupancy on this card reads owner occupied and not owner occupied, so it covers a primary home and an investment property. Owner-occupied lending is regulated differently, so the file is confirmed with a lending advisor.
© LOAN REQUEST 2 MINUTES
The loan information form with Bank Financing Loans already selected. A lending advisor from our firm will reach out. Or just give us a call now: (619) 617-2797.
