12 Months Bank Statement Program
Are you a self-employed individual in California, frustrated by traditional mortgage options that don't reflect your true income? National Pacific Lending has the solution you've been searching for with our innovative 12 Months Bank Statements Loan program!
What is the 12 Months Bank Statements Loan Program?
Our 12 Months Bank Statements Loan program is tailored specifically for self-employed buyers like you who may be writing off a lot of expenses on their tax returns, making it challenging to show enough income to qualify for a mortgage. With this program, we analyze your bank statements over the past 12 months to determine your actual income, allowing you to use your gross income to purchase your dream home.
Key Benefits:
- Flexibility for Self-Employed Buyers: Traditional mortgage lenders often struggle to understand the unique financial situations of self-employed individuals. Our program recognizes your true income potential, even if you're deducting many expenses on your tax returns.
- Use Gross Income: Instead of relying solely on your net income after expenses, we use your gross income to calculate your purchasing power. This can significantly increase the amount you're qualified to borrow, making homeownership more achievable.
- Low Expense Ratio Consideration: We understand that self-employed individuals may have legitimate business expenses that reduce their taxable income. With our program, we consider these expenses with a low expense ratio, ensuring that your true financial situation is accurately reflected.
How Does it Work?
- Submit Your Bank Statements: Provide us with 12 months of bank statements to give us a comprehensive view of your income and financial habits.
- Consult with National Pacific Lending: Our experienced mortgage experts will review your bank statements and work with you to understand your financial situation and homeownership goals.
- Analysis and Approval: We'll carefully analyze your bank statements, considering your gross income and applying a low expense ratio to determine your eligibility and borrowing capacity.
- Secure Your Home Loan: Once approved, you can start shopping for your dream home in California, confident in your ability to secure financing that accurately reflects your income.
About National Pacific Lending:
National Pacific Lending is your trusted partner in the journey to homeownership. With a deep understanding of the California real estate market and years of experience serving self-employed buyers, we're committed to providing personalized guidance and support throughout the mortgage process.
Ready to Take the Next Step?
Don't let traditional mortgage obstacles stand in the way of your homeownership dreams. Contact National Pacific Lending today to learn more about our 12 Months Bank Statements Loan program and discover how we can help you unlock the door to your new home!
