Who is this loan right for?
Bank Statement Mortgage Loans are perfect for self‑employed individuals or business owners who cannot produce traditional W‑2s or tax returns that clearly show income but can prove earnings via bank deposits.
Benefits of this loan program
- Alternative income proof: Qualify using 12–24 months of bank statements.
- Flexible for irregular income: Ideal when tax returns don’t reflect actual cash flow.
- Better qualification: Helps clients with complex finances secure a mortgage.
General eligibility requirements
- 12–24 months of personal or business bank statements.
- Sufficient monthly deposits to support loan payments.
- Minimum credit score guideline (typically 620+).
- Acceptable debt‑to‑income ratio based on lender’s underwriting.
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