Bank Statement / No-Doc in St. Charles

Contractors, trades and specialists who work off invoices around the county's two biggest employers instead of a single W-2. GM's Wentzville Assembly plant runs roughly 4,124 jobs building the Chevrolet Colorado, GMC Canyon, Chevrolet Express and GMC Savana, and GM announced $157 million for a paint-shop modernization and a 28,000 square foot expansion in July 2026, an 18-month build. Mastercard's St. Louis Tech Hub in O'Fallon employs more than 4,000 people and is the company's largest technology hub in North America and its largest US data center. Work tied to a plant expansion or a corporate campus that size routinely runs through subcontractors, consultants and vendors paid by invoice, and that is exactly the income a tax-return underwrite tends to miss. We read 12 to 24 months of bank deposits instead.

Yes, if it shows up in your bank deposits, we can read it. GM's announced $157 million paint-shop modernization and 28,000 square foot expansion at the Wentzville Assembly plant is an 18-month build, the kind of project that draws electrical, HVAC and general trade subcontractors paid by invoice rather than a plant paycheck. That income often looks lumpy or write-off-heavy on a tax return even when the deposits are strong. We qualify on 12 to 24 months of bank-statement cash flow instead, or on the asset itself.

No, that is exactly what this program is built for. Mastercard's St. Louis Tech Hub in O'Fallon employs more than 4,000 people and is described as the company's largest technology hub in North America and its largest US data center. A campus that size runs on specialists, consultants and vendors alongside its direct employees, and that kind of income often shows reduced taxable income after legitimate write-offs. We qualify on your actual bank deposits over 12 to 24 months instead of your adjusted gross income.

No. We read gross bank deposits, not your tax liability. For context, Missouri's top individual income tax rate for 2025 is 4.7 percent, and that is a statewide figure with no county add-on in St. Charles County. There is no distinctive local wrinkle here beyond the statewide rate: what matters for this program is what actually lands in your account, not what you owed the state.

640. The score is the only conventional-looking part of this file. Income comes from 12 to 24 months of bank deposits, or from the asset itself, with no W-2s and no tax returns. Weaker credit is usually handled with lower leverage rather than a decline, and there is no hard credit pull to start. Subject to underwriting.

From 20%. On a St. Charles city purchase near its July 2026 typical value of $350,422, that is roughly $280,338 from us and $70,084 from you (350,422 x 20% = 70,084). The program is investment and business-purpose only, so it is not for a house you plan to live in, and the term can run short-term or 30-year. Subject to underwriting.

A bank statement loan qualifies you on 12 to 24 months of business or personal bank deposits instead of tax returns, which suits self-employed borrowers whose returns understate their real income. A no-doc (or no-ratio) loan goes further and leans on the property and your reserves rather than any income calculation. Both are business-purpose loans for investment property, not consumer mortgages.

Correct. We do not ask for tax returns, W-2s, or pay stubs on these programs. We verify the deal, your credit, and either your bank-statement cash flow or your reserves, depending on the structure. It is built so write-offs and a complex return do not work against a strong borrower.

Self-employed investors, business owners, and 1099 or commission earners whose write-offs shrink their taxable income. If your bank deposits tell a stronger story than your tax return, this is usually the right fit.

We lend from a credit score of 640, with the best terms going to stronger credit, and a down payment starting around 20%. Across the market these programs often want 660 or higher and 20% to 30% down. Stronger credit and more equity improve both your rate and your leverage.

Pricing is higher than a fully documented conventional loan because the lender takes on more uncertainty, and it varies with your credit, leverage, and the structure. We offer both short-term and long-term options, so we match the term to whether you are flipping, bridging, or holding.

Yes. These are business-purpose loans and routinely close in an LLC or other entity. Holding investment property in an entity is standard and often preferred.