Bank Statement Loans
Our bank statement loan program is a loan option for self-employed borrowers. Instead of looking at tax returns to calculate your income, we have the ability to use a 12 month history of deposits on either a personal or business bank account to calculate your income. Bank statement loans can be used to purchase or refinance. Rates start as low as 3.5% APR.
-12 Months of Personal or Business Bank Statements Can Be Used To Qualify
-NO 1040’s, Tax Returns or W2’s required
-Loan Amounts Up To $3 Million
-640+ Fico Score
-Prior Foreclosure OK
-Prior Bankruptcy OK
Frequently Asked Questions
How Does A Bank Statement Mortgage Program Work?
A bank statement mortgage allows self-employed borrowers to use 12 months of bank statements to verify income instead of tax returns.
What Is The Difference Between A Bank Statement Loan And A Traditional Mortgage Loan?
Traditional loan products will generally require tax returns, W-2’s and paycheck stubs in order to verify income. A bank statement loan offers self-employed borrowers a different option to verify their income without using their tax returns.
Are Self-Employed Borrowers Required To Use Bank Statement Loan Products?
A bank statement loan is often a great option for self-employed borrowers as the banks typically count all tax deductions against the self-employed
See What Our Clients Are Saying…
Ryan was so helpful and answered all my questions quickly. Rimi was great and kept in touch every step of the way! Keep up the good work guys!