Bank Statement Loan
No tax returns required from self-employed borrowers. Qualify with bank statements only. Alternatively, you may qualify with a 1099 or P&L statement instead.
Finally, a Loan That Understands Self-Employed Income
Fixed interest rate
Your rate remains the same for the entire life of your loan.
10% down payment
Get into your new home with a down payment starting at just 10%.
No prepayment penalties
Refinance or pay off your loan early with no extra fees.
What You'll Need to Qualify
Buy a primary or investment home, or refinance an existing mortgage.
Single family homes
Condos/Townhomes
2-4 unit properties
A minimum FICO score of 620 is typically required.
For multiple borrowers, qualifying is generally based on the primary income earner’s credit score.
Your debt-to-income ratio (DTI) can go up to 50%.
There's NO mortgage insurance (MIP) required, even with a lower down payment.
A minimum of one year of self-employment is required.
Self-employment is typically verified through a CPA letter and, when applicable, a valid business license.