Closing Bank Statement loans for self-employed borrowers can sometimes be seen as a challenge. However, you don’t have to worry because we are here to assist you! Simply send us your loan scenarios for self-employed borrowers, and we will review and analyze personal or business bank statements, 1099 income documentation, and 1-year profit and loss statements to verify income. Before submitting the loan, we will inform you about the qualifying income.
Our Bank Statement program for self-employed borrowers is highly popular and widely used. We have extensive expertise in closing these types of loans, so you can trust us with your financial needs.
If you’re interested in understanding the key components of a bank statement analysis, we recommend scheduling an alternative income solutions training for you.
Here are the highlights of our Bank Statement Program
- 12 or 24 months of personal or business bank statements
- Loan-to-value ratios (LTVs) of up to 90%
- Loan amounts of up to $3.5 million
- Acceptance of 1099 income and 1-year profit and loss statements
- Debt-to-income ratios (DTIs) of up to 50%
Contact us at any time during working hours and we’ll connect you with a loan specialist who knows and understands the bank statement process of qualifying individuals for a loan.
