Bank Statement Loans
No W2s or Tax Returns Needed!
We offer bank statement home loans to self employed borrowers who may find if difficult qualifying using W2 and tax returns due to write-offs or fluctuations in pay.
With Bank Statement Loans, borrowers are qualified based upon their ability to repay using a 12 & 24 month average of deposits. And, depending on the program, personal or business bank statements may be used.
Call today for a free home loan consultation.
Bank Statement Loan Program Highlights
- Available for purchase financing and refinancing
- Cash-out refinancing is allowed
- No Tax Returns Needed!
- Most programs allow up to 90% financing
- Loan amounts up to $3M
- Fixed rate and adjustable rate options
- Programs available for primary residences, second homes, and rental properties
- Eligible property types include most types of single family homes, townhouses, and condominiums (and possibly non-warrantable condos)
- Interest only program available (although not in all states)
Got questions? Give us a call at (804) 362-7600. One of our mortgage specialists would be happy to answer all of your questions and get you started with a great low rate today!