VA Home Loans

Guaranteed by the U.S. Department of Veterans Affairs.

Reverse Mortgages

For homeowners to leverage the equity in their home.

Refinancing

Replace your current home loan with a new one.

Prime Jumbo and Super Jumbo Mortgages

For high-income earners who make $250,000+ a year.

Fixed-Rate Mortgages

Offers predictability for your budget.

FHA Home Loans

Popular for first-time homebuyers.

Conventional Mortgages/Conventional High Balance

A loan not guaranteed or insured by the federal government.

Self Employed Loan Programs

For 1099 recipients, P&L users or qualify using assets.

Bank Statement Programs

See how you can qualify without having to show tax returns.

Investor DSCR or Rental Income Loans

Perfect for investors who want tenant rent to cover mortgage.

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Bank Statement Mortgages

Looking to purchase a home only using your bank statements? See how you can qualify without having to show tax returns.

Are you purchasing or refinancing?

Mortgage programs for first home buyers, bank statement, 1099, DSCR, or cashout refinance.

Refinance

Purchase

Need help? Call 833-782-8369

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1099 Only

The perfect solution for the 1099'd professional. Realtors, Insurance Pro's, Physicians, Attorneys in private practice, Independent contractors of any sort, who are 1099'd can benefit from this program. It's even easier than the bank statement program as it streamlines the paperwork requirement. Simply provide your last two years 1099's and we use that to calculate income and demonstrate your ability to repay. It's easy! There are of course a few other items required but still much less documentation than any full doc conventional experience.

P & L Only

This is the perfect loan for a business owner, who wants to use the P & L from their business instead of producing bank statements and it is as simple as it sounds. With a CPA prepared P & L we can calculate your income and qualify you, without tax returns, bank statements or 1099's. And it can be used to purchase or refinance, both owner and non-owner properties with ease. These tend to be perfect for retailers, online merchants, small to medium size business owners of any kind!

Sufficient Asset Qualification

This program is perfect for the long time saver, who doesn't currently have qualifying or regular income. If you have enough assets to cover the entire amount of your mortgage and a certain multiplication of your monthly expenses, then you can qualify without having to explain income, show tax returns or produce a bunch of statements. And you are not leveraging your assets to do it.

Qualify without having to show tax returns. These loans are perfect for self employed people who take advantage of as many deductions as possible, because your tax returns are not considered.


In short, we use your bank statement deposits to prove that you have the ability to repay. It makes perfect sense but it does require the guidance of a professional who specializes in this type of program and can anticipate the issues that would keep an applicant from qualifying.we are those professionals. We have originated, and completed hundreds of these types of programs over the last three years, focusing almost entirely in this area for our clients.

Bank statement loans are popular with the following types of borrowers:


  • Business owners

  • Freelance employees

  • Consultants

  • Contract workers

  • Independent contractors

  • Sole proprietors

  • Gig economy workers

  • Realtors

  • Entrepreneurs

  • Retirees



What are the Differences Between a Bank Statement Loan and a Traditional Home Loan?


Bank Statement Loans


  • These loans are built for people who do not have W2 jobs such as business owners, realtors, consultants, restaurant owners, and gig economy workers (with a valid business license).

  • These loans allow the borrowers to use bank statements as the form of proof that they are able to pay back the loan amount.


Advantages of a Bank Statement Loan


In summary, these are the advantages of a bank statement loan:


  • The lender does not need to look at your tax returns or tax transcripts.

  • Your income statements are made up of regular monthly income deposits.

  • The lender can look at 12 or 24-month bank statements.

  • If you own a business, you can show 24 months of business statements and a P&L statement for the same period. A P&L statement (profit and loss statement) is prepared by a Certified Public Accountant. Not all business owners will be required to present one.

  • You can get a bank statement home loan for as little as 10 percent down.

  • You can do a cash-out refinance loan of up to 85 percent of the value of your property.

  • You can borrow up to $5 million.

  • Typically, bank statement lenders will accept a debt to income ratio of a maximum 55 percent.

  • You have the option of a fixed-rate or adjustable mortgage.

  • You may have the option of interest-only

Have any questions? Call us!

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About

VA Home Loans
Reverse Mortgages
Refinancing
Prime Jumbo and Super Jumbo Mortgages
Fixed-Rate Mortgages
FHA Home Loans
Conventional Mortgages/Conventional High Balance
Self Employed Loan Programs
Bank Statement Programs
Investor DSCR or Rental Income Loans

Loan Options

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