Bank Statement Loans for Self-Employed: Everything You Need to Know
— Joe Pisa
- Ideal for Self-Employed: Our 12-Month Bank Statement program offers flexible financing, great for self-employed individuals and those with both W-2 and 1099 income.
- 100% Credit on Personal Deposits: Easily qualify using your bank deposits. We count 100% of these for the past year.
- 50% Business Account Recognition: Understanding business income, we credit 50% of your business deposits from the last year.
- High Loan-to-Value Purchases: Get up to 90% LTV for new properties, boosting your investment in homes or business spaces.
- Refinancing Options: Gain up to 80% LTV for refinancing, enhancing your financial flexibility and growth.
- Inclusive Credit Score Requirements: With just a 575 FICO score needed, our program welcomes more borrowers.
- Substantial Loan Limits: Access up to $8 million, suitable for various properties and investment levels.
- Lower Reserve Requirements: Enjoy loans up to 75% LTV with no reserve needs. >75% LTV 6-12 months.
- Streamlined Documentation: Forget complex paperwork; no 4506T, K1s, or P&Ls required.
- Mortgage Insurance Free: Benefit from your loan without mortgage insurance costs.
