Bank Statement Loan – Self-Employed*
No Tax Returns Needed to Qualify
If you have been self-employed for 2 years and maximize your tax deductions to minimize your tax liability, but have excellent cash flow, it is now possible to document your income by adding up the deposits on 3 to 24 of your most recent bank statements. The more statements you qualify with, the lower the rate you will be eligible for. The total deposit will replace the income reporting on your tax returns for qualifying.
*25% (or greater) ownership interest in a business in considered self-employed.