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What is a Bank Statement Program?

A Bank Statement Program, also known as self-employed mortgage, is a great option for those borrowers who do not have the tax documents to prove their ability to pay for a mortgage. Widely used by entrepreneurs, freelancers, or other individuals who may not have a consistent income stream, or one, single employer, a Bank Statement Program can be applied to owner-occupied, 2nd homes or investment properties, with loans up to $4 million.

Who is eligible?

While tax returns are not required, a Bank Statement Program does require 2 years of self-employment, 12 months of personal bank statements (or 24 months of business bank statements) and a credit score of 600 or more.

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Who is eligible?

While tax returns are not required, a Bank Statement Program does require 2 years of self-employment, 12 months of personal bank statements (or 24 months of business bank statements) and a credit score of 600 or more.

What other loan types are available?

When it comes to loans, you have many more options than you think. Find out about some here:

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