Bank Statement Loans

Are you self-employed and having difficulties using tax returns to qualify for a mortgage?  

Bank Statement Loans are a valuable alternative lending program that enable you to use the deposits on your bank statements to qualify for a mortgage.  We take the average deposits over the course of a 12 or 24 month period, to determine your monthly income.

Bank Statement Loans Allow For:

  • Up to 90% loan to value with no Mortgage Insurance.
  • Credit scores down to 600.
  • 12 and 24 month bank statement programs.
  • Loan amounts up to 3 million.
  • Debt to Income Ratio up 43% and up to 50% considered.
  • Owner Occupied, 2nd Home, and Investment Properties.
  • 2 Year Seasoning for foreclosure, short sale, bankruptcy and deed-in-lieu.
  • Interest Only Loans available.
  • 2 years Self-Employed required.
  • No Tax Returns required.

Available Terms

  • 5/1, 7/1, 10/1 Adjustable Rate Mortgages (ARM)
  • 30 year fixed
  • Interest Only Option available as well

No Nonsense Underwriting

We've partnered with companies that make this loan and underwriting process as simple as possible.  We have a great understanding and knowledge of these programs and can help you, the self-employed borrower, who is having difficulty obtaining traditional financing,  secure and close your purchase or refinance.  Give us a call or contact us today to discuss these available programs.  

Next Steps...

Contact a member of our team today to get the best service, rates, and terms available in our area.