BANK STATEMENT LOANS
Bank Statement Mortgage Loan
(The non-qualified home loan program)
Did you know that you can obtain a Mortgage even though you do not report much income?
Our answer, "Yes, by obtaining a bank statement mortgage loan.
Bank statement mortgage loans could be perfect for the Self-employed Borrower or 1099 employee/ contractor.
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The flexible mortgage solution for self-employed borrowers
Proof of income made easy
- A bank statement mortgage loan, in other words is a non-qualified mortgage loan product. Which is a loan program option for those who do not qualify for conventional qualified mortgages or FHA mortgage loans.
- The premise of the mortgage loan is that it is based on your monthly bank statements (deposits/withdrawals) in determining what you are able to afford as a monthly mortgage payment.
- Underwriting is limited with documentation.
- No tax returns. Income from your deposits and withdrawals documented from your bank statements.
- 12 to 24 months of bank statement depending on the lender and the size of the loan.
- The bank statements can be combined between personal and your business account to you qualify for bank statement mortgage loans.
- These mortgage loans offer higher debt to income ratios too. (Which is the calculation on how much you owe each month in comparison on how much you earn).
- These bank statement mortgage loans usually have more flexibility for the borrower.
Some options are of having an Interest-only mortgage loan,
Bank Statement Loan Mortgage loans in North Carolina, South Carolina, Florida and Georgia
Request a quote today and buy that house that you have been wanting.
Let us help you with our Wholesale Bank Statement Loan Lender Pricing.
Most Traditional Depository Lenders Do Not Offer These Non-Qualified Mortgage Loan Programs.
