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Bank Statement Mortgages
The Smart Path to Mortgage Financing for the Self-Employed.
Traditional Lenders Don't Understand Your Business. We Do.
Tired of hitting roadblocks when trying to secure a home loan? We get it. We understand that documenting your income as a self-employed professional can be a constant, frustrating hurdle. It's disheartening when essential tax write-offs lower your qualifying income or when lenders don't grasp the natural fluctuations of your business revenue.
Our Bank Statement Loan program offers you an alternative. We assess your financial picture accurately by reviewing 12 or 24 months of your business (or personal) bank statements. This approach gives you a clear path to achieve your home-buying and refinancing goals.
WE ARE THE SOLUTION
Step 1: Quick Pre-Qual
Fill out our short online form (takes one minute).
Step 3: Work with us
Securely provide 12 or 24 months of statements.
Step 2: Talk with us
We have salary-based mortgage consultants. No upfront fees and no obligations to get a customized loan option.
Step 4: Close Your Loan
Work with our team to finalize your purchase or refinance.
How it Works
SIMPLE & FAST
Qualify Based on Real Cash Flow
No Tax Returns Required for Income
Streamlined Documentation
Unlock Higher Loan Amounts
Purchase or Refinance Options
Designed Specifically for 1099s
Competitive Rates Available
Dedicated Support for Business Owners
Your Benefits
CUSTOMIZED
More than 10,000 Satisfied Customer Reviews
Call a salary-based mortgage consultant
NO HIDDEN FEES AND NO OBLIGATIONS
Who Qualifies?
- Self-Employed (2 years)
- Using 12 or 24 Months Business or Personal Bank Statements
- Minimum Credit Score is 650+
- Sufficient Cash Flow Demonstrated in Statements
- Loan Purpose: Primary Residence, Second Home, Investment Property
GUIDELINES
FAQ
WE HAVE ANSWERS
Q: What exactly is a Bank Statement Loan?
A: A Bank Statement Loan is a mortgage solution designed specifically for self-employed individuals and business owners. Instead of relying on traditional income documents like W-2s or tax returns, we use 12 or 24 months of your personal or business bank statements to verify your income and qualify you based on your actual business cash flow.
Q: Are the interest rates higher than traditional loans?
A: Interest rates for Bank Statement Loans can sometimes be slightly higher than those for traditional, fully documented loans. This is because these specialized loans are designed for borrowers whose income documentation doesn't fit standard agency guidelines, which reflects a different lending consideration. However, the key value is providing a pathway to homeownership or refinancing that might otherwise be unavailable, allowing you to leverage your true business earnings. We always aim to provide competitive options and encourage you to speak with us for a personalized quote.
Q: What documents will I really need besides bank statements?
A: While your bank statements are the primary documents for income verification, we'll also typically need other standard items required for most mortgage applications. These generally include a valid photo ID, authorization for a credit report, your business license (if applicable), and details about the property you're purchasing or refinancing (like a purchase agreement or current mortgage statement). Your dedicated mortgage consultant will provide you with a clear, concise list tailored to your situation.
Q: How long does the approval process take?
A: Our goal is to make the approval process as smooth and efficient as possible. Once we have your completed application and all necessary documentation (including your bank statements), the timeline can often be comparable to a traditional loan, typically ranging from 30-45 days to closing. The speed of the process can depend on factors like the completeness of your submitted documents and appraisal scheduling, but we'll keep you informed every step of the way.
Q: Can I use personal bank statements? Business statements? Both?
A: You can often use personal bank statements, business bank statements, or sometimes a combination of both. If you have a well-established business with separate finances, business statements are commonly preferred. However, for sole proprietors or when business income is clearly deposited into personal accounts, personal statements can be effectively used. Our salary-based mortgage consultants will work with you to determine the best approach based on your specific business structure and how you manage your finances.
Q: Is this available in my state?
A: We strive to offer our Bank Statement Loan program to as many business owners as possible. As licensing varies by state, please contact us directly or fill out our quick pre-qualification form to confirm availability in your specific state. Our team can quickly let you know if we can serve you in your location.
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