Bank Statement Loans
A bank statement program is ideal for entrepreneurs, freelancers, small business owners and self-employed borrowers. These people have strong credit, thriving businesses and have the income to pay a mortgage loan. However, after tax write-offs, their tax returns do not show the net income they need to qualify for traditional financing. In many cases, this traditional way of documenting income is the only obstacle standing in their way to buying a new home.
- No tax returns required
- 12-24 month business and personal bank statements
- 10% down payment, with no Mortgage Insurance
- 2-5 years self-employed required
Contact IND Mortgage for more information.