Easy Bank Statement Qualification – Sequoia Portfolio Plus and Expanded

You can qualify more self-employed borrowers using our Sequoia Portfolio bank statement programs. This is an excellent opportunity to review your pipeline of borrowers who were not previously able to qualify with a full doc, and breathe new life into those deals.

Here are some highlights:

  • Personal bank statements – Use 100% of employment related deposits with no additional expense calculation
  • Business bank statements – Use either a fixed expense ratio based on business type and size or use a borrower prepared P&L to qualify
  • Blended income qualification – Qualify using a combination of bank statement documentation and full doc (W-2, retirement income, asset depletion etc.)
  • Use 24 months of statements for higher LTV and better pricing, use 12 months of statements for lower LTV
  • 90% LTV up to $1,000,000 – 85% LTV up to $1,500,000 – 70% LTV up to $2,500,000
  • Available on Sequoia Portfolio Plus and Sequoia Expanded (more flexible credit qualification)
  • 40yr fixed with 10yr IO, 30yr fixed, fully amortized and interest only ARM terms available

Sequoia features fast in-house underwriting without the delays of an investor secondary review, on average these loans close in 21 days or less.