Bank Statement Loans

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Bank Statement Loans

Running a business is no easy feat. Many business owners find themselves cutting their own pay to funnel more resources back into the growth and development of their company. A bank statement loan can provide the financial flexibility needed to bridge the gap.

Many traditional lenders fail to offer home financing programs that align with the unique financial circumstances of business owners. Fortunately, a bank statement home loan provides an alternative solution. Unlike standard mortgages that rely on tax returns to verify income, this option evaluates the borrower’s financial standing by reviewing bank statements from both their personal and business accounts.

01. Self-Employed Bank Statement Loans

Designed for entrepreneurs, these loans consider your business and personal bank statements to verify income. They provide flexibility, bypassing traditional tax return requirements for mortgage qualification.

02. Small Business Owner Bank Statement Loans

Tailored for small business owners, these loans assess cash flow through business bank statements, offering a practical financing option without relying on W-2s or traditional income documentation.

03. High-Income Earner Bank Statement Loans

Ideal for high earners with unconventional income streams, these loans focus on bank statements to evaluate financial stability, offering flexibility for securing mortgages or other large loans.

Bank Statement loans ?

Bank statement loans provide flexible mortgage options, focusing on cash flow instead of tax returns for self-employed individuals.

Here’s what’s involved with our Bank Statement Loans:

No Tax Returns Required – Qualify from Bank Statement Deposits
2 Year Self-Employment History Required, along with a brief CPA Letter to Confirm.
Personal Bank Statements: 12-24 month average deposits OR Business Bank Statements: 12-24 months average deposits
580 Minimum Credit Score – (this can be even lower but it’s case by case)
Up to 90% LTV (No PMI)
Loans up to $10 Million
Interest Only or Principal & Interest Loans Available
Bankruptcy CH 7 & 13, Short-Sale, 24 month waiting period from discharge date
Home types: Owner-Occupied, 2nd Homes, Investment Properties, and 1-4 Unit Multi-family (Non-Warrantable Condos are OK too)
100% Gift Funds Allowed
No Pre-Payment Penalties
Required Debt Ratio – Very Flexible
Non-US Citizens Eligible
Fast Closings

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All Final Rates, Terms, Conditions and Required Documents will be described on the Final Loan Approval & will be contained in the Final Legal Closing Documents

Bank Statement Loans