Bank Statement Mortgage Program Highlights

Jan 6, 2025

Stated Income Mortgage Loans: A Solution for Self-Employed Borrowers

Understanding the Bank Statement Program

Our bank statement program is a game-changer for self-employed borrowers. Instead of relying on income tax returns to verify income, we analyze 12 or 24 months of business or personal bank statements to assess your financial ability to repay the loan. This approach allows us to consider the full scope of your income, providing a more accurate representation of your earning potential.

Program Highlights

– Flexible Documentation: Choose between 12 or 24 months of bank statements.

– High Loan-to-Value (LTV) Ratio: We offer up to 90% LTV with no mortgage insurance (MI).

– Variable Expense Factor: Our program uses a variable expense factor, which can result in more qualifying income.

– Generous Loan Amounts: Borrow up to $5 million.

– Diverse Property Options: Whether you’re looking to finance an owner-occupied home, a second home, or an investment property, our program accommodates your needs.

– Interest-Only Options: We offer interest-only loan options for those seeking lower initial payments, providing flexibility in managing your finances.

– Self-Employment Requirement: A minimum of two years of self-employment is required, ensuring that borrowers have a stable business foundation.

Our stated income mortgage loans are designed to provide the flexibility and support you need to achieve your homeownership and investment goals. With our expertise and personalized approach, we are committed to confidently helping you navigate the mortgage process.

Contact us if you’re a self-employed borrower ready to explore your mortgage options.

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