Bank Statement Mortgage Lenders – Analyzed

Bank Statement Mortgage Lenders – Analyzed

Bank Statement Mortgage Lenders offers a 12 & 24-Month Bank Statement Loan Program.

Self Employed Borrower Employment Types:

  • 199
  • Self-employed
  • Self Employed  Must provide business license, Tax Preparer’s letter or corporate paperwork.

Bank Statement Mortgage Lenders will accept Personal or Business Bank Statements.  However, qualifying income will be calculated differently. 

Personal Bank Statements Allow For:  100% of Deposits

Add all deposits for all 12 or 24 months and divide that amount by 12 or 24 respectively to receive the monthly income amount we will apply as the borrower’s qualifying income.

Ex. 24 months deposits total = $200,000 / 24 = $8,333 a month income.

Ex. 12 months deposits total = $100,000 / 12 = $8,333 a month income.

Business Bank Statements determined by signed and dated profit and loss.

Add all business bank statement deposits for all 12 or 24 months, and then divide by 12 or 24 respectively to receive the gross monthly income amount we will allow for the borrower. Net qualifying income is determined by a signed and dated profit and loss statement provided by the loan applicant.

Ex. 24 month business bank statement deposit total = $500,000 / 2 = $250,000 / 24 = $10,333 per month income. Only 50% is used because we have to assume the business has overhead.

business bank statement details:

Personal & Business Guidelines

  • Only verified business deposits can be used.
  • Less: Proceeds from the sale or liquidation of significant assets including stock, bonds, life insurance policies, and autos and loan proceeds from borrowing.
  • Transfers are NOT counted on personal and case-by-case for business
  • Must have with (no gaps) 12 or 24 consecutive months of statements.
  • Must provide All bank statement pages (even the last pages with advertising)
  • If the account was used and closed and new account for the remainder of statements must show the closing of old account and the opening of a new account

Multiple bank accounts are considered on a case-by-case basis when (a) one account is closing and reopening the new account, or (b) for Business bank accounts that are two different and autonomous businesses.

Bank transfers may be accepted for business bank statements when they come from credit card clearing houses (examples: Paypal, Square, AMEX, etcetera).  Reviewed for acceptance on a case-by-case basis, and must be considered normal for the self-employed borrower.

Florida-Bank Statement Only Jumbo Mortgage Lenders
  • No Tax Returns No Tax Transcripts Required.
  • 12 Month Bank Statements Now Available.
  • 24 Months Bank Statements (Personal Or Business)
  • Florida Jumbo Bank Statment Loans Up To $5 million.
  • (Min Bank Statment Only Florida Loan Amount $100,000)
  • Credit Scores Down To 600.

BANK STATEMENT ONLY-GEORGIA STATED MORTGAGE LENDERS!

https://www.fhamortgageprograms.com/bank-statment-only-georgia-mortgage-lenders/

Georgia Mortgage Lenders 24-Month Bank Statement Loan Program. No tax returns required! 12 or 24 months bank statements now available (Personal and Business) Loans up to $3 million. Credit scores down to 600. Rates starting in the low 5’s. Up to 90% LTV. DTI up to 50% considered.

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10% DOWN ALABAMA SELF EMPLOYED MORTGAGE LENDERS

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Apr 4, 2018 – ALABAMA –Bank Statement Only Mortgage Lenders … Here’s a great new ALABAMA bank statement only loan program for ALABAMA …

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10% Down_Texas-Bank Statement Only Mortgage Lenders

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TEXAS BANK STATEMENT ONLY MORTGAGE LENDERS DETAILS INCLUDE: 2 Years Self Employed Required! Bank statement deposits used to qualify! No tax returns required. 24 months personal bank statements (Personal and Business) Loans up to $2 million. Credit scores down to 500. Rates starting in the 5’s. Up to 85% LTV.

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BANK STATEMENT ONLY-GEORGIA STATED MORTGAGE LENDERS!

https://www.fhamortgageprograms.com/bank-statment-only-georgia-mortgage-lenders/

Georgia Mortgage Lenders 24-Month Bank Statement Loan Program. No tax returns required! 12 or 24 months bank statements now available (Personal and Business) Loans up to $3 million. Credit scores down to 600. Rates starting in the low 5’s. Up to 90% LTV. DTI up to 50% considered.

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Stated income mortgages are becoming available again in Georgia. This includes a handful of mortgage lenders that offer what are known as “alternative …

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15%DOWN+GEORGIA BANK STATEMENT MORTGAGE LENDERS

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Georgia Mortgage Lenders offers 24-Month Bank Statement Only Loan Program MIN +600 FICO!! CALL NOW 954-667-9110 Same Day Bank Statement Only …

10%DOWN+BANK STATEMENT FL MORTGAGE LENDERS

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10%DOWN+BANK STATEMENT FL MORTGAGE LENDERS

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Florida-Bank Statement Only Jumbo Mortgage Lenders. No Tax Returns No Tax Transcripts Required. 12 Month Bank Statements Now Available. 24 Months Bank Statements (Personal Or Business) Florida Jumbo Bank Statment Loans Up To $5 million. (Min Bank Statment Only Florida Loan Amount $100,000) Credit Scores Down To 600.

Florida -Bank Statement Only Mortgage Lenders

https://www.florida-mortgage-lenders.com/florida-mortgage…/2118-florida-bank-stat…

FLORIDA BANK STATMENT ONLY MORTGAGE LENDERS DETAILS INCLUDE: 2 Years Self Employed Required! Bank statement deposits used to qualify! No tax returns required. 24 months personal bank statements (Personal and Business) Loans up to $2 million. Credit scores down to 500. Rates starting in the 5’s. Up to 85% LTV.

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Bank Statement Only Florida Mortgage Lenders Min 600+FICO!

https://www.fhamortgageprograms.com/bank-statement-only-florida-mortgage-lenders/

GET APPROVED NOW 954-667-9110Bank Statement Only Florida + Georgia Mortgage Lenders Min 600+ FICO!!!!- USE ONLY BANK STATEMENTS-NO TAX …

Texas-Bank Statement Only Mortgage Lenders – FHA mortgage lender

https://www.fhamortgageprograms.com/texas-bank-statement-mortgage-lenders/

10% DOWN+TEXAS BANK STATEMENT MORTGAGE LENDERS

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10%DOWN+BANK STATEMENT TX MORTGAGE LENDERS. NoTax Returns No Tax Transcripts Required. 12 Month Bank Statements Now Available. 24 Months Bank Statements (Personal Or Business) TexasJumbo Bank Statment Loans Up To $5 million. (Min Bank Statment Only Texas Loan Amount $100,000) Credit Scores Down To 600.

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Texas-Bank Statement Only Mortgage Lenders – FHA mortgage lender

https://www.fhamortgageprograms.com/texas-bank-statement-mortgage-lenders/

TEXAS BANK STATEMENT ONLY MORTGAGE LENDERS DETAILS INCLUDE: 2 Years Self Employed Required! Bank statement deposits used to qualify! No tax returns required. 24 months personal bank statements (Personal and Business) Loans up to $2 million. Credit scores down to 500. Rates starting in the 5’s. Up to 85% LTV.

You’ve visited this page many times. Last visit: 6/21/18

10%DOWN -TEXAS STATED INCOME MORTGAGE LENDERS

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TEXAS STATED INCOME MORTGAGE LENDERS PROGRAMS – Stated income Texas mortgage lenders10% DOWN WITH A 660 FICO!!! Bank Statements …

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TEXAS BANK STATEMENT MORTGAGE LENDERS

https://www.florida-mortgage-lenders.com/…/texas-bank-statement-mortgage-lenders….

TexasBank Statement Only Jumbo Mortgage Lenders. 12 or 24 Month Texas Bank Statement HomeLoan Program.For Texas Self Employed. Texas Bank …

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