WHAT IS A BANK STATEMENT LOAN?

Our Bank Statement mortgage program is the perfect option for self-employed borrowers who need an alternative method to show the true cash flow of their business. Borrowers do not have to own 100% of the business. Our Bank Statement program provides a loan solution to help underserved credit-worthy self-employed borrowers who otherwise would not qualify for a home loan.


DOWN PAYMENT AMOUNT

The amount of the down payment involves several factors including the type of bank statement, number of statements and credit score. We have programs that allow as little was 10% down payment.


Loan Options

Loans up to $4 millioon
30 Year Fixed or 40 Year Interest Only
Purchase, Cash Out or Rate- Term Refinance
Owner-occupied and Second Homes Allowed


Borrower Requirements

One year Self-Employed
2+ year seasoning of Foreclosure or Bankruptcy
Non-Permanent Residents Allowed
Min FICO^® credit score of 660


Bank Statement Loans are a great option for Self-Employed buyers. We also have many years of underwriting experience and can often qualify buyers on Conventional Loan Programs. If you would like more information, please call me at 352-446-9422 or email me at rick.scherer@valorhl.com. If you would like to get pre-approved, you can apply now.