Non-agency products

Home Equity LoanBank statement loanJumbo SmartJumbo Payment Smart
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30-year fixed

Bank statement loan

Qualify more self-employed clients by using personal or business bank statement deposits to see their full financial picture without needing to provide tax returns. Eligible property types include single-family homes, condos, PUDs, and 2-4 unit properties.

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Eligibility guidelines

660

Min. credit score

$150k - $2 million

Loan amount

Primary and secondary

Occupancy types

90%

Max. combined loan-to-value (CLTV) ratio

2 years

Min. of self-employment

2 years

Min. existence of the business

25%

Min. ownership of the business

12 months

Min. business or personal bank statements required

6 months

Min. principal, interest, taxes, insurance and association (PITIA) fees

Every partner. Every time. No exceptions. No excuses.

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Bank statement loan: To qualify for this product, self-employed borrowers must provide up to 24 months of consecutive bank statements in addition to proof of ownership percentage and business documentation, which require the following: a business license, letter from tax preparer, Secretary of State filing and proof of ownership percentage (your mortgage expert will explain what documents are required for ownership percentage proof). Client must provide business purpose, goods or services, number of employees, location and business existence verification. Offer valid from December 16, 2022. Offer not valid on Texas 50(a)6 loans. Rocket Mortgage reserves the right to make any final lending decisions based on these factors or others. Additional conditions/restrictions may apply. This is not a commitment to lend. This product is not eligible for the Fast 15 promotion.

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