12 months bank statement as full doc question

msuh24 · #1 (**permalink**) 11-20-2006, 03:58 PM

hi guys,

i have a potential client wiht 610 mid fico. first time home buyer, owner occ, sfr in california. she has deposited over 150k into her personal bank account over the past 12 months, but the deposits have been sporatic. 20k a month, 5k the next, 30k the next. all of my banks are saying that the deposits have to be more consistent. do you guys know of a bank that will lend to her 100% purchase with her bank statements? thanks.

mknight · #2 (**permalink**) 11-21-2006, 10:13 AM

What does she do for a living? Is she self-employed?

msuh24 · #3 (**permalink**) 11-21-2006, 10:20 AM

Quote:

Originally Posted by mknight

What does she do for a living? Is she self-employed?

she's a manager for a japanese restaurant. also, some of the deposits were bank wires from south korea.

Greg · #4 (**permalink**) 11-21-2006, 12:10 PM

New Century will take as little as 6 months and go 100%

Erik · #5 (**permalink**) 11-21-2006, 12:45 PM

Quote:

Originally Posted by Greg

New Century will take as little as 6 months and go 100%

Company man. Sheesh.

Greg · #6 (**permalink**) 11-21-2006, 01:28 PM

I just know we can do it..

Jake probably can too. Try Jake out because I think his underwriters would probably have an easier time with it..?? What do you think Jake?

mknight · #7 (**permalink**) 11-21-2006, 03:52 PM

I will definitely take a look. We can also use 6 month's for 100%. Msuh24, did you want me to take a look at the statements to get a better idea?

Erik · #8 (**permalink**) 11-21-2006, 04:17 PM

I'm just giving you a hard time Greg - you know you shouldn't take half of what I say seriously.