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Bank Statement Program

Being self-employed should not mean that you should be ineligible to buy a home.

If you are a home buyer who does not file taxes you may be able to qualify for a home using a bank statement program.

A bank statement program can help you explore home buying options without taxes. Not all banks require specifically require tax returns for getting a mortgage.

Bank Statement Program Types

There are two types of Bank Statement Program available:

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).

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Features of Bank Statement Program

All loans are not created equal, Bank Statement program has become a great option for self-employed.

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.

No First-Time Home Buyer Requirement

Depending on the bank statement, one could be easily eligible for fast approval of home loan.

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.

Enjoy the best rates for both Purchases & Refinances

Loan rates under Bank Statement Program  are very attractive.

10% Downpayment

Bank statement requires down payment of 10%

Bank Statement Program- Eligibility

In order to be eligible for this program you will need a set amount of bank statements and a qualifying credit score.

Bank Statements Required

12 or 24 months worth of bank statements

Credit Score

Applicant should have the bank specified credit score of 640 +

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Frequently Ask Questions

We have a 12 month program which can help you purchase a home with bank statements.

Yes it is, our self-employed buyers can use the bank statement program to buy a property with bank statements instead of taxes.

A credit score above 640 is required but this can change as loan requirements change according to the bank.

Apply for a free prequalification and your loan officer can let you know the limits in your area.

Get a Quote

Now apply for a Bank Statement Program online, All you need to do is provide your details below application form.

Request Quote Now!

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