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This purchase was structured using a 12-month bank statement loan for a buyer who couldn’t qualify using traditional 2-year tax returns. By analyzing real cash flow instead of reported income, we were able to get the deal approved and to the finish line. We also partnered closely with the buyer’s agent to negotiate a seller credit that funded a 2-1 buydown, significantly reducing the buyer’s initial monthly payments. This allowed the buyer to start at a 4.75% rate in year one, 5.75% in year two, and 6.75% for years 3–30, unless they refinance sooner. The strategy created immediate affordability, saving the buyer approximately $2,000 per month during the first two years while positioning them for a future refinance opportunity.

Property Details

Price: $2,620,000

City: Thousand Oaks

State: CA

Zip Code: 91360