Bank Statement Loan Program
Buy or refinance your home without tax returns, W2s, or pay stubs. Use the deposits of your business or personal bank statements to qualify.
Why a Bank Statement loan?
Let’s face it, when you are self-employed, getting a traditional mortgage can be tricky.
With traditional mortgages such as conventional, or FHA loans, self-employed and entrepreneur borrowers have to show two years of tax returns for income.
Unfortunately, this is where it gets complicated.
We understand that business owners, entrepreneurs and contractors have expenses and should not be penalized for operating a business when it comes to buying or refinancing a home! This is where the bank statement loan comes into play.
We analyze either 12 months or 24 months worth of business or personal bank statements and we assess your qualifying income based on your deposits.
No need to produce tax returns, whatsoever.
See how easy that could be?
But really, what is a Bank Statement loan?
and here are some of the highlights that we can offer...
A Bank Statement loan is option for eligible self-employed borrowers to purchase or refinance a home.
This program allows personal or business bank statements to calculate income without requiring tax returns.