Bank Statement Mortgage Program

There are a number of mortgage loan programs that have been designed for self-employed people who want to succeed in 2019. Most of these mortgage plans are FHA and conventional loans. There are also bank statement programs, which enables you to apply your personal or business bank statements for the verification of income as opposed to tax returns.

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We offer three scenarios for our Bank Statement Program. Here’s how each scenario works: scenario 1 – Your Personal and Business finances Utilize a Single Account. Borrower provides bank statements from the most recent 12 consecutive months; borrower provides a Profit & Loss (P&L) statement prepared by a CPA or a Licensed Tax Preparer

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bank statement mortgages help self-employed business owners and entrepreneurs qualify for a new home loan or refinance an existing mortgage using personal and business bank statements instead of tax returns. Find out what documentation you’ll need to get started and how to qualify.

 · The Bank Statement Mortgage changes all of that. With guidelines changing, we are now the first mortgage bank to offer self-employed individuals the flexibility of a bank statement mortgage, where we check your bank statements for mortgage viability.

Bank statements: 3 mishaps to avoid. When a mortgage lender approves a loan, it has ensured the applicant has sufficient funds for the downpayment, closing costs, and reserves – extra funds.

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Bank Statement Loan Program. Our Bank Statement Loan Programs are a perfect fit for self-employed borrowers who prefer to use business or personal bank statements to document their income instead of tax returns.

To apply for a bank statement loan, you can upload the last 12 or 24 month’s worth of bank statements from a business account into the system or have the digital mortgage software sync with your bank and pull the information from your account. Bank statement loans are processed through a manual underwriting process.

The Bank Statement Mortgage changes all of that. With guidelines changing, we are now the first mortgage bank to offer self-employed individuals the flexibility of a bank statement mortgage, where we check your bank statements for mortgage viability.