10%Down(PRIMARY HOME) Stated Mortgage Lenders <1MIL

10% Down Stated Mortgage Lenders up to 1MIL

The Stated Mortgage Lenders only loan program is for home buyers and home self-employed.
Bank Statement Only Lenders now have a LOWER Minimum Score and INCREASED LTV’sHave you ever had to turn away self-employed borrowers because they didn’t show enough income on their tax returns? Fortunately, Angel Oak has the solution.

600 mid score for 85%

660 mid score for 90%

  • Purchase and R/T
  • Must be self-employed for 24 months
  • Minimum loan amount 150k
  • 12 months Personal OR 24 months Business bank statements
  • Cash-out available
  • No tax returns

Stated borrowers that can document their income by providing the following:

  1. Personal Bank Statement Worksheet
  2. Bank Statement Lenders Profit and Loss Statement request

The Stated mortgage lenders allow you do document you income by using bank statements in lieu of traditional full doc loans with tax returns via 4506T to support income. In addition, if there is a wage earner borrower, too, primary or co-borrower, and the loan applicant uses their W-2 and paystub for income documentation because this Stated Mortgage Lenders Only mortgage loan program does not have a prepayment penalty, Stated Mortgage Lenders only borrowers can refinance our Stated mortgage lenders at any time with NO PRE-PAYMENT PENALTY to obtain a lower rate or take cash out.

Bank Statement Guidelines Focus Points Include:

  • Purchase, Rate and Term refinance and Cash Out Refinance
  • Stated Income Program:
  • Alternative Documentation “Alt-Doc”
  • Stated Income Documentation:
  • Unconventional – 24 months Stated Mortgage Lenders for self employed
  • and or
  • Conventional – W-2 and paystub for wage earners – Bank Statement Deposit







Case by case changes – Stated Loan Criteria changes quickly dependent on the Stated lender.

Bank Statement Only Mortgage Lenders

Same Day Approvals! 

Stated Employed With Deposits For All Business Types:

  • Sole Proprietorship.
  • Limited Liability Company.
  • Cooperative. …
  • Corporation. …
  • Partnership. …
  • S Corporation.

Stated Qualifying Credit Criteria:




Credit Scores: 500

Loan to Value ratio (LTV) 85%

Debt to Income Ration (DTI): 50%

Maximum Loan amount: $3,000,000

Property Types: Single Family Residence (SFR) 1-4 Units

Occupancy: Owner Occupied / Primary

Investment Mortgage Lenders


7 year ARM

30 year Fixed add .25

15 year Fixed add .50

No Prepayment Penalty

Stated   Mortgage Lenders Loan 500 Credit Score

Stated   Mortgage Lenders Loan for Stated Borrowers

Stated   Mortgage Lenders Income Loan

Stated Only – Personal or Business  Stated Mortgage Lenders.

Stated Mortgage Lenders loan means to utilize 24 months of borrower personal and or business Stated Mortgage Lenders to show income in lieu of traditional income documents. This income documentation option is for the owner-occupied purchase, refinance and or cash out loan.


This Stated  mortgage lender requires 24 months and will utilize gross monthly deposit amounts to represent gross income. Personal Stated Mortgage Lenders can be used as business Stated Mortgage Lenders. All pages required (except processed checks) for all months.

 Jumbo Stated Mortgage Lenders Loans Up To 2 Million

Qualify 12 Months Stated Mortgage Lenders – 12 Month Average Balance for Income Documentation

Stated  Mortgage Lenders in this case are used as a traditional income documentation alternative. However,1099’s can be used without the 1040 or schedule C can be accepted and considered more like a full income documentation program which will produce full income documentation pricing.

85% Stated Lenders Financing Available

Loan Purpose / LTV:

Purchase or Rate and Term refinance 85% LTV to $1000,000

Cash Out Refinance to $1,000,000 – 75% LTV

Credit Notes:

Credit Score 500 minimum middle for all borrowers

Bankruptcy discharged – 18 months seasoning required

Foreclosure discharged – 18 months seasoning required

Loan Modification complete (yeah, right. Lose your paperwork, did they?)- 3 Years seasoning required

Available Stated Mortgage Lenders Terms:

5, 7 and 10 year ARM’s and 15 year fix

Balloon note at ARM maturity or option to roll into an equity line

Owner Occupied Only

1-4 Unit properties OK

FHA Mortgage Lenders By State: 
Florida   Texas  Georgia  Alabama   California  

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About Us

We are US Mortgage Lenders. Major real estate brokerages regularly entrust their clients to our team due to our reputation for transparency, delivering on time, customer satisfaction and loyalty. With five-star customer reviews on Zillow.com and counting, you’re assured of having the backing of an experienced team.

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