Bank Statement Loan
Bank Statement Loan provide an alternative mortgage option for self-employed borrowers, using bank deposits to verify income instead of traditional documentation.
A Bank Statement Loan
A Bank Statement loan is designed to help self-employed individuals and business owners secure financing, even without W-2s or tax returns.
A bank statement loan is ideal for self-employed individuals or those with non-traditional income sources. It offers the advantage of using your bank statements instead of traditional income documentation to qualify, making it easier if you have irregular income. This flexible loan option can help you secure financing based on your actual cash flow.
At East Mortgage, we are here to
help you get approved and ensure a smooth and easy process.
Program Highlights
Alternative Income Verification
Uses bank statements instead of traditional income
documentation, ideal for self-employed individuals or those with irregular income.
Flexible Qualification Criteria
Allows for easier qualification if you have non-traditional income sources, making it more accessible for a wider range of borrowers.
Simplified Application Process
Streamlined process with fewer documentation requirements, saving time and effort compared to conventional loans.
Potential for Higher Loan Amounts
Based on your cash flow and bank deposits, you may qualify for a larger loan amount than traditional income-based loans.
No Income Tax Returns Required
Eliminates the need to provide tax returns, which can be advantageous for those who may not have consistent or clear tax records.
At East Mortgage, we are Committed to proving our clients with top level service and expertise.
Essential Guide to A Bank Statement Only Loans
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