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Bank Statement and Self Employed Mortgages

100%+ of the loan fundings we fund each month are for entrepreneurial’s who need creative help in qualifying for a loans that banks turn down.

The common reason these borrowers are turned down is after utilizing legal tax deductions to minimize taxes owed, the self employed borrower is left with a low AGI (adjusted gross income) and no longer fits into the very small traditional mortgage “box”.

We can qualify you off your bank deposits from business revenue or use your true income before all deductions which is called “stated income”, we simply state what you make and don’t need or want tax returns, 1099’s or K-1’s. Of course the rates and fees are higher than a conventional mortgage.

Here are the benefits:

1) Your payment might be $200 to $500 more per month but you saved $50,000 to $100,000 in real money that you did not pay in taxes.

2) You only have to put down 10%. On a conventional loan you need to put down 20% to get the lowest rates and fees.

3) Because this is not a conventional mortgage you don’t have to pay PMI or Private Mortgage Insurance. PMI typically costs between 0.5% to 1% of the entire loan amount on an annual basis. This means that on a $100,000 loan you could be paying as much as $1,000 a year – or $83.33 per month and what it your loan was $500,000? Well that’s $83.33 x $416.65 per month x 12 = $5,000 a year YOU DON’T HAVE TO PAY.

4) You don’t have to deal with collecting the 50 documents the banks want to approve your loan. These loans are light doc which means they need very little from you to approve the loan.

In many cases your net payment would be about the same as what a bank would offer you.

These loans make a ton of sense for the entrepreneurial business owner.

  • Bank Statement Loan Programs
  • 12 Month Bank Statement
  • Loans up to $3MM
  • No Tax Returns Required
  • Self-Employed - No Tax Returns
  • 700 Credit Score up to $3MM in Financing
  • 620 Credit Score up to $2MM in Financing
  • 500 Credit Score up to $1MM in Financing
  • Credit Scores Down to 500
  • 500 Credit Score Can Get up to $1MM
  • Exceptions up to $3MM
  • Expanded Debt To Income Limits