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Springfield, MO Bank Statement Programs

USA Mortgage is proud to offer our bank statement loan program in Springfield, MO. This program is designed for self-employed borrowers who may have difficulty qualifying for a traditional mortgage. Instead of relying on tax returns to prove income, the bank statement loan program allows borrowers to use their bank statements to demonstrate their ability to repay the loan. This can be a great option for borrowers who may have irregular income or who have trouble documenting their income in other ways. Apply today to learn how we can help you qualify for a mortgage.

What are Bank Statement Programs?

A bank statement loan program allows borrowers to use their bank statements as proof of income. This can be helpful for self-employed individuals or those who have irregular income. Your bank statements are reviewed and used to calculate an average monthly income. This income number can then be used to qualify for a loan.

Loan officer signing off on loan paperwork.
Who is eligible for Bank Statement Programs in Springfield?

Tax returns are not required, but having 2 years of self-employment and 12 months worth or personal bank statements (or 24 months worth of business bank statements) will help with the process. Your credit score should be 600+ to qualify for this type of loan. 

Why a Bank Statement Program?
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What our clients have said

Ease & ability to have a conversation - able to understand everything happening.
Kailey D 8/16/2021
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Your Next Home in Springfield Starts Here

If you’re self-employed and looking for an alternative to a traditional mortgage, contact us today to learn more about our bank statement program loan. USA Mortgage is here to help you get the financing you need to achieve your homeownership goals.