how long does it take to get a Pre Approval letter on a Bank Statement only mortgage?

SELF EMPLOYED MORTGAGE LENDERS QUESTIONS AND ANSWERSCategory: Bank Statementshow long does it take to get a Pre Approval letter on a Bank Statement only mortgage?
Thomas Martin Staff asked 3 years ago

As soon as you fill out our mortgage application and we pre-approve your credit we will need your most recent 12 or 24 months bank statements labelled by month. Once we sent the bank statements to the lender it usually takes 2-3 days for the lender to calculate your income and/or apply and expense ratio to your business bank statements.

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