Bank-Statement Mortgage Purchase Loans
What is a bank-statement loan?
Often classified as non-QM (non-Qualified Mortgage) loans, bank-statement mortgages allow self-employed borrowers and business owners to document income using 12–24 months of personal or business bank statements instead of tax returns, W-2s, or pay stubs.
Benefits of a Bank-Statement Mortgage
- Higher Loan Amounts and Leverage
Loan amounts up to $3.5 million and 50% DTI, up to 90% LTV
- No Mortgage Insurance
LTV up to 90%% with no MI
- Speed and Simplicity
Eliminates the need for CPA-prepared statements, K-1s, and multiple years of complex tax returns.
- Property Flexibility
Eligible for primary, second-home, and investment purchases
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