Bank Statement Only Georgia Mortgage Lenders 

Bank Statement Only Georgia Mortgage Lenders 

Self Employed Georgia Mortgage Program 

The bank statement only mortgage loan program is for home buyers and home owners that have recently turned down by a local bank for lack of income reported. Self Employed Georgia mortgage applicants can document their income by providing 12 months personal or 24 months business bank statements in lieu of conventional full documented 1040 IRS tax returns to provide sufficient income. In addition, W-2 and pay stub for income documentation can be used for additional income. For primary homes the bank statement loan program does not have a prepayment penalty, Georgia bank statement borrowers can refinance at any time to obtain a lower rate or take cash out. 

Self Employed Mortgage Guidelines and Highlights 

• Purpose: Primary, Second Home, Investment Purchase OK! 
• Purchase, Rate and Term refinance and Cash Out Refinance OK! 
• Bank Statement Only Georgia Mortgage Lenders Income Documentation: 
• Unconventional – 12 months Bank Statements for personal bank statements or 
• Unconventional – 24 months Business Bank Statements. 
• PLEASE NOTE: Both 12 and 24 months bank statement programs require that you prove that you have been in business for at least 2 years. 

Employment Type: 

• Self Employed 
• W-2 Salary Wage Earner 

Credit Qualifying Criteria:  

• Minimum 580 FIco 
• Mortgage history – 1 30 day late for last 12 months 
• Bankruptcy seasoning: – 1 day 
• Foreclosure seasoning – 1 day 
• Short Sale – 1 day 

Georgia Bank Statement Only Lenders Loan To Value 

• Loan to Value ratio (LTV) up to 90% 
• Debt to Income Ration (DTI): Up To 50% 
• Maximum Loan amount: $2,000,000 

Property Types: 

• Single Family Residence (SFR) 
• Condo, Townhouse, Villas 
• 1-4 Units 

Bank Statement Only Occupancy: Owner Occupied / Primary Investment Terms: 

• 30 years Fixed 
• 15 years Fixed 
• 7-year ARM 
• 5 Year Arm 
• 3 Year Arm 
• No Prepayment Penalty 

Bank Statement Only Mortgage Lenders In All Georgia Cities