Historically it has been difficult for self employed individuals to get mortgage financing, even with a robust financial profile. Between gathering income documents, tax transcripts and guessing whether you qualify with your unique income profile.

We recognized this difficulty and it drove us to offer mortgage programs tailored specifically to you, featuring common sense underwriting.

In this article we’ll be talking about our Bank Statement Loans available for purchases and refinances in which we qualify borrowers based off Revenue, not Net Income.

For these loans we simply use 12-24 months of bank statements to verify your income instead of your tax returns, pay stubs & financial statements. This is especially helpful if you have irregular income or take advantage of tax deductions that can reduce your taxable income.

To calculate your income we use a simple formula: (12-24m Revenue Deposit Average) – (Set Expense %) = Qualifying Income

Main Keys:

• Business only needs to be established for 12 months, instead of 2+ years as required by some lenders.
• No net income on tax returns required, great for tax efficient operations.
• Available for purchases, rate & term and cash out refinances.
• Fewer documents required compared to other loan options.
• Loan can be closed in an LLC or Trust.
• Access up 80% of your equity with a cash out refinance

Reach out to us any time to learn more about our loan options, We’re always available & here to provide expert guidance and support for you!

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