Bank Statement Program
Bank Statement Program Types
12 Month Bank Statement Program
Qualify for a home by being able to show proof of your income over the last 12 months by showing your bank statements for the last 12 months (1 years worth of bank statements).
24 Month Bank Statement Program
Qualify for a home by being able to show proof of your income over the last 24 months by showing your bank statements for the last 12 months (2 years worth of bank statements).
Features of Bank Statement Program
No Taxes
The benefits of the bank statement program are these loans allow the borrowers to use bank statements as the form of proof that they are able to pay back the loan amount. This means that self-employed buyers or other buyers who otherwise would be ineligible to buy a home due with only their bank statements and no taxes.
Fast Approval with Downtown Financial
At downtown financial, we make it simple and faster for applicants to get the loan approved under Bank Statement Program.
10% Downpayment
Bank statement requires down payment of 10%
No First-Time Home Buyer Requirement
Depending on the bank statement, one could be easily eligible for fast approval of home loan.
Enjoy the best rates for both Purchases & Refinances
Loan rates under Bank Statement Program are very attractive.
