Are you an Entrepreneur?
Being an entrepreneur means creating a living with the knowledge and expertise to calculate risks, and hopefully build a successful business. It’s no easy feat, and often comes with unique challenges when it comes to securing financing. For business owners and entrepreneurs looking for a home loan, these challenges often revolve around documenting consistent income. Unfortunately, not having regular, consistent and documentable monthly or yearly income can make it tough to qualify for traditional home loans. That’s why we’re pleased to offer mortgage solutions that can work for non-traditional home buyers.
Check out our Neighborhood No Ratio Program -> Click Here
Bank Statement Loans for Entrepreneurs
is a product that allows the Self Employed borrower to use bank statements from deposit accounts to qualify for the mortgage. With the Bank Statement Loan, there is no need to provide the lender with W-2s, paystubs or tax returns. Instead, the borrower can provide documentation on their bank accounts for either their personal or business bank accounts.
Benefits of the Program
The Bank Statement Qualifier Loan offers several benefits, namely the ability for the borrower to use bank statements to qualify in place of traditional income documentation. Other benefits include the following:
- 3 Months Bank Statement program based on eligibility
- 12 and 24 month Bank Statements Personal and/or Business
- Loan amounts available up to $3,000,000
- Competitive interest rates
- To verify Business and Ownership CPA can use business expense ratio or defaults to the standard 50%
- NO TAX RETURNS Required – Self Employed Only
