With a bank statement loan, you can qualify based upon the 12-24 month bank deposits into your personal and/or business accounts. Underwriters want to see a consistent flow of money sufficient to qualify you for the bank statement mortgage.
Advantages of Bank Statement Loans
Bank statement loans for self employed help business owners and 1099 contractors to qualify for a mortgage
Bank statement lenders allow you to qualify by supplying them with your bank statements only
Mortgage rates are only slightly higher than conventional loans
