The FLEX Program™
USVI Bank Statement MortgagesFlexible Financing for Self-Employed Buyers
The Virgin Bay Advantage
Your True Purchasing Power
Being self-employed or owning a business shouldn't keep you from buying your dream home. Traditional lenders rely heavily on tax returns, which often show write-offs and deductions that lower your net income. Through Virgin Bay Mortgage's FLEX program, we calculate your true purchasing power using your bank deposits instead of W-2s or tax filings. Our local underwriting team reviews your business revenue with common-sense guidelines tailored to the territorial economy.
Local Expertise
Deep roots in the USVI market and an understanding of island properties.
In-House Underwriting
Every step under one roof for faster approvals and fewer delays.
Local Loan Servicing
We keep servicing your loan after closing, so you always deal with us.
How Bank Statement Loans Work in the Virgin Islands
No Tax Returns Required
Qualify without providing personal or business tax returns.Personal or Business Statements
Use 12–24 months of personal or business account statements to verify gross cash flow.Close in an LLC
Protect your assets by closing directly under your business entity or LLC.Flexible Loan Amounts
High loan limits available for luxury primary residences, second homes, or investment properties.
Eligible Property Types
- Primary Residences
- Second Homes & Vacation Properties
- Single-Family Investment Homes
- 2-4 Unit Multi-Family Properties
- Warrantable & Non-Warrantable Condominiums
Put Your Business Revenue to Work
Talk with a local loan officer who knows the USVI market. We respond within 24 hours.
Explore More
More FLEX Program™ Loans
DSCR Loans
Buying a short-term rental or Airbnb in the USVI? We qualify the mortgage based on the property's projected rental income, not your personal debt-to-income ratio.
Learn moreAsset Depletion Loans
For retirees, trust beneficiaries, or luxury buyers. We calculate a qualifying income stream directly from your liquid assets so you don't have to liquidate your portfolio to buy your island home.
Learn moreJumbo Loans
Some island properties easily exceed the conforming loan limits from Fannie Mae or Freddie Mac. As part of the FLEX Program™ we offer loans up to $2M requiring only 30% down.
Learn moreCommercial Loans
Expanding your portfolio? We offer commercial financing up to $2M for retail, office spaces, and 5+ unit multi-family apartment buildings across the territory.
Learn moreLLC Closings
One of the major advantages of the FLEX Program™ is the ability to close in an LLC, which may be more cost effective than closing in your name and transferring the property later.
Learn moreCondo-Tels & Non-Warrantable Condos
Specialized FLEX portfolio lending designed to finance USVI condo-tels and non-warrantable condominiums that traditional mainland banks treat as commercial properties.
Learn more
1-340-714-0033
contact@virginbay.com
A2-7, Red Hook Quarters, 6100, No. 2 Suite, St. Thomas, 00802
Mon-Fri: 9:00AM - 5:00PM
Sat: By Appointment
Sun: Closed
1-340-714-0033
Mon-Fri: 9:00AM - 5:00PM
Sat: By Appointment
Sun: Closed
Get Started Today
Contact our team of experts for personalized advice. Guaranteed to respond within 24 hours.
Local, Experienced, Trustworthy Advice For The USVI Mortgage Market
Loan Programs
Location & Hours
6100 Red Hook Quarters
Suite A2-7
St. Thomas, VI. 00802
Mon-Fri: 9:00AM - 5:00PM
Sat: By Appointment
Sun: Closed
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