Self-Employed Bank Statement Calculation
Upload 12 or 24 months of complete and consecutive bank statements (business or personal) from the same checking/draft account (all pages), AND a fully completed Business Narrative from the borrower. Note: Arc Home will use an expense factor based on the business narrative provided; the expense factor may be adjusted when the case file is submitted for production underwriting if the loan documentation indicates a different expense factor would be more appropriate.
Arc Business Narrative>
Asset Utilization Calculation
Upload complete and consecutive financial statements for each account to be used for income; Arc Access Non-QM requires 4 months and Arc Elite requires 12 months.
Complicated Tax Return Analysis
Upload complete tax returns and all schedules.
Other Income Analysis
Upload all required documentation for the selected income type.