Bank Statement Loans

Can A Litigating HOA Still Close A Bank Statement Resort Loan — Yes, in most cases.

Underwriters want proof you own at least 25% of the entity, proof the withdrawal won’t hurt the business, and a clean paper trail.

The account must be vested and must permit withdrawal, even if a penalty applies.

They apply a haircut — usually landing somewhere between 50% and 90% of the vested value — to account for taxes and early-withdrawal penalties.

Move the money early, keep it in one account, and have the receipt, contract, or letter ready before the file goes to underwriting.

What’s left is the qualifying income a lender will actually use.

The “two years self-employed” line most retail banks quote is an overlay, not a law — non-QM programs are built to work around it.

How To Qualify For An Asset Depletion Mortgage Without Selling Investments — what borrowers need to know, from Lendmire.

A thin operating history is a documentation gap to close, not an automatic disqualifier.

It usually helps when the spouse’s income outweighs their own debt load.

This works best for partners with real ownership stake and a credentialed preparer willing to sign off.