- Los Angeles Self Employed Los Angeles Mortgage Lenders
- Bank Statment Only Los Angeles Mortgage Lenders
- No Tax Return Los Angeles Mortgage Lenders
NO TAX RETURN BANK STATEMENT ONLY MORTGAGE LENDERS! Los Angeles CA Bank Statement Only (Personal or Business)
- No Tax Returns No Tax Returns Or Tax Transcripts Needed
- 12 Month Bank Statements Now Available
- 12 Months Bank Statements (Personal Or Business)
- Los Angeles CA Jumbo Bank Statment Loans Up To $5 million
- (Min Bank Statment Only Los Angeles CA Loan Amount $100,000)
- Credit Scores Down To 600
- Personal + Business Bank Statments + W2 Income Or Mixed Deposits OK!
- DTI up to 55% Considered!
- Owner-Occupied, 2nd Homes, Investment Properties
- Foreclosure, Short-Sale, BK, DIL – OK!!
- Non-Warrantable Condos – OK!
- 5/1 ARM 7/1 ARM Or 30-Year Fixed Self Employed Options
- Gift Funds Allowed
- No Pre-Payment Penalty
- or Owner-Occ And 2nd Homes + Investment!
- SFRs, Townhomes, Condos, 2-4 Units
- Seller Concessions To 6% (2% For Investment)
- Mix Of Both Personal And Business Los Angeles CA Bank Statement Deposits OK!
SAME DAY APPROVALS! CALL NOW 954-667-9110
Yes, your reading correctly! This bank statement the only loan does not require Tax Returns!
You simply provide your personal bank statements or you’re business/corporate bank statements to get approved.
Our bank statement loan product with NO Tax Returns is great for Los Angeles California self-employed business owners:
Los Angeles California homebuyers that cannot get approved at their local bank but want to buy Los Angeles California real estate. Los Angeles California self-employed borrowers only need 24 months business or personal bank statements all pages to verify income. And our bank statement mortgage lenders will allow you to finance up to 90% of your total debt to income with only 10-15% down payment. We allow 12 months business bank statement mortgage applicants to use 67% to 95% of the business bank statement deposits to qualify your self-employment income. You choose the bank account for the loan either business or personal and we add up all the deposits and divide by 12 to determine your monthly qualifying income. We will allow you to use multiple bank statement accounts and or include w2 for income.
SAME DAY APPROVALS! CALL NOW 954-667-9110SELF EMPLOYED MORTGAGE QUESTIONS
- Whats the minimum credit score for a bank statement only loan?
- How is income calculated for your bank statements only mortgage loan program?
- How long do I have to prove self-employed to qualify for your bank Statement only loan program?
- Whats your minimum loan amount for a bank statement only mortgage loan?
- how long does it take to get a Pre Approval letter on a Bank Statement the only mortgage?
- what-if-im-self-employed-but-can not-prove-i-have-been-in-business-for-at-least-2-years
- What deposits have NOT used the qualify using bank statements only for income?
- Can i deposit money into more than 1 bank account and still qualify the income?
- How long does it take to qualify and close on a bank statement the only loan?
12 Months Los Angeles Self Employed Bank Statement Mortgage Lenders 10% Down No Tax Returns Needed!
Los Angeles Self Employed Borrower Employment Types:
- 1099 or Tax Preparer’s letter or self employed corporate paperwork.
- Must provide Proof of Self Employed business license,
Los Angeles Business Bank Statment Mortgage Lenders Analyze Business Bank Statements Deposits Transfers may be accepted for Los Angeles business statements when they come from credit card Los Angeles cleaning houses (examples: Paypal, Square, AMEX, etcetera). Reviewed for acceptance on a case-by-case basis, and must be considered normal for the Los Angeles company.
Multiple Los Angeles business accounts are considered on a case-by-case basis when (a) one account is closing and reopening Los Angeles business bank account, or (b) for Los Angeles Business accounts that are two different and autonomous Los Angeles businesses.
Self Employed Mortgage Lenders Servicing will accept Personal or Business Los Angeles Self Employed Bank Statements. However, qualifying income will be calculated differently. Click here for calculation form.
Personal Los Angeles Self Employed LOS ANGELES Bank Statements: 100% of Deposits if transferred from the business account
Add all deposits for all 12 months and divide that amount by 12 respectively to receive the monthly income amount we will apply as the Los Angeles self-employed borrower’s qualifying income.
Ex. 12 months deposits total = $100,000 / 12 = $8,333 a month income.
Business Los Angeles Self Employed Bank Statements: 95% of Deposits
Add all deposits for all 12 months, divide by 12, to receive the monthly income amount we will allow for the borrower to use for purchase or refinance Los Angeles Real Estate.
Ex. 12 month deposit total = $500,000 / 12 = 41,666 per month income.
Self-employed los Angeles mortgage Program Details:
Personal & Business Guidelines
- Only deposits into a bank account can be used.
- Transfers are NOT counted on personal and case-by-case for business.
- Must have 12 consecutive months of statements (no gaps)
- Must provide All pages (even the last pages with advertising)
- Comingle accounts OK.
- Add Use Separate w2 income to help qualify.
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