We Guide and Educate California Families TO and THROUGH Homeownership!
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.
There are two types of Bank Statement Program available:
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).
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).
All loans are not created equal, Bank Statement program has become a great option for self-employed.
In order to be eligible for this program you will need a set amount of bank statements and a qualifying credit score.
12 or 24 months worth of bank statements
Applicant should have the bank specified credit score of 640 +
.
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.
Now apply for a Bank Statement Program online, All you need to do is provide your details below application form.