Are you self-employed and in need of a mortgage? Bank statement loans might be the perfect solution for you. Unlike traditional mortgages that require tax returns and pay stubs, bank statement loans allow borrowers to use their bank statements as proof of income.
With a bank statement loan, lenders will typically look at 12-24 months of bank statements to determine your income and ability to repay the loan. This can be a great option for self-employed individuals who may not have consistent income or who write off a lot of expenses on their taxes.
While bank statement loans may have slightly higher interest rates compared to traditional mortgages, they can be a valuable tool for self-employed individuals who have difficulty qualifying for a conventional loan. If you're interested in learning more about bank statement loans and how they can help you achieve your homeownership goals, contact us at 954-947-8662 or email us at info@loanshublending.com.