A Bank Statement Mortgage is a unique product created for self-employed borrowers. This type of mortgage uses the borrowers bank statements to help determine their income. Some businesses operate with high expense ratios and even if their gross income is high, after deducting expenses their net income may not be enough to qualify for their desired mortgage loan.

When net income is not sufficient, a self employed borrower’s bank statements can be utilized. Bank deposits are counted as income with this type of loan. In some cases only 3 months of bank statements are required but in most cases 12-24 months of bank statements are needed to qualify for a mortgage. This type of mortgage is also called a Non Qualified mortgage in the securitization world.

This type of mortgage is reserved for Self Employed persons only. For this unique mortgage loan,  a W2 is not an acceptable income source. Also of importance, conventional loan limits do not apply since they are not regulated by the FHFA.

  • Typically 12-24 Months of Bank Statements Needed
  • No W-2 or Paystubs allowed
  • Must Be Self-Employed
  • 30 year fixed mortgages
  • 5 and 10 year fixed Adjustable Mortgages

The professionals at Integrated Lending Group are highly experienced at analyzing the unique situation of each self-employed borrower in California and identifying the best mortgage for them.

Bank Statement Mortgages typically carry a higher interest rate due to the nature of the program and the extra layer of risk the investors of these types of loans feel they carry.  If you are self-employed and turned down for a traditional mortgage, you could have a good chance of qualifying for a bank statement mortgage.

  • Typically 12-24 Months of Bank Statements Needed
  • No W-2 Needed
  • Must Be Self-Employed

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Eva R.Vallejo, CA Read More
“My friend recommended Nick to investigate home loans and low rates. I cannot believe the PATIENCE Nick has. He will answer any question and EXPLAINS THINGS as much as you need. He clearly isn’t out to get your business but to HELP YOU become more informed. I am truly impressed. 5 STARS – NO DOUBTS!”
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D. MitrovicMission Viejo, CA Read More
“Anthony is absolutely THE BEST. We have bought 6 homes and completed 6 refinances with different brokers. Anthony was the most DIRECT, TRANSPARENT and PROFFESSIONAL broker we’ve ever had. We will be doing more business with him in the future. Thank you Anthony!”
S. Carlock
S. CarlockShasta County, CA Read More
“Nick was the BEST! He was very KNOWLEDGEABLE and helped me understand every step in the process. My refinance was QUICK, EASY and STRESS FREE. I’m so glad I finally made the call. I will definitely use him in the future and recommend him to everyone I know. Thank you again Nick!”

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