Get a FREE quote on a Bank Statement Loan
Who Should Consider a Bank Statement Loan?This loan program is ideal for clients with non-traditional, variable, or business-based income streams. Common groups who benefit include:
Self-Employed Individuals & Business Owners This is the primary group using bank statement loans. Because business owners often take advantage of tax deductions that lower their reported income, bank statements provide a more accurate picture of their true earnings and financial stability.
Freelancers & Independent Contractors Gig-economy workers, consultants, creatives, and 1099 earners can qualify using their monthly deposits instead of employer pay stubs. This includes photographers, stylists, drivers, designers, beauty professionals, and any contractor with irregular income.
Real Estate Investors Investors can use rental income and cash flow reflected in their bank statements to qualify for additional property purchases, without needing traditional income documentation.
There are many benefits, including: financing available up to $2.5 million; the convenience of one loan for the entire loan amount instead of having multiple mortgages; competitive pricing and more.
Mortgage rates change every day, and your rate will vary based on your location, finances, and other factors. Get your FREE customized rate comparison below:
