Bank Statement Loan
What is a Bank Statement Loan?
Bank Statement Loans can be ideal for self-employed individuals who can prove a true cash flow.
Lenders use bank statements to verify income as opposed to tax returns.
Self-employed borrowers, with the help of a mortgage advisor, are able to document their ability to repay based on business deposits into their personal or business bank accounts.
Apply now to get the support you need regarding this type of loan.
Bank Statement Loans Pros
- No tax returns required
- Allows self-employed individuals and 1099 contractors to qualify
- Qualify even if the business is showing a loss
- Comply with Dodd-Frank and receive all appropriate borrower protections
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