Bank Statement Loans
Specialized Financing For Self-Employed Borrowers
What are Bank Statement Loans?
A Bank Statement Program Home Loan allows self-employed individuals and borrowers with non-traditional income to use their bank statements as proof of income. This type of loan is specifically designed to provide greater flexibility and to accommodate those who may not have the traditional income documentation required for other types of mortgage programs.
By using bank statements, these borrowers can showcase their income history and the stability of their cash flow over a period of time.
Benefits of Bank Statement Loans
Can be used to purchase a new home or refinance an existing home
Available on primary residences, second homes and investment properties
Personal and Business bank statements allowed
Paystubs, W-2s, and Tax Returns not required
Flexibility to accommodate those who may not have the traditional income documentation
Can be used in conjunction with W-2 and other traditional forms of income
No prepayment penalty on most options
Larger (Jumbo) loan amounts allowed
Up to 40 year fixed-rate and adjustable-rate terms
Get Started Today!
Fill out the questionnaire on this page to start a discussion about your mortgage needs today!
