Bank Statement Loans

Bank statement loans are type of non-qualified mortgage loan that allows you to qualify based on bank statements instead of proving income with tax returns. Lenders will require that borrowers need to provide certain numbers of bank statements to show the ability to repay the loan. This loan allows self-employed borrowers to get their dream homes!

Bank statement loans are usually a great option for self-employed borrowers, and business owners that need an alternative way of qualifying for a mortgage financing.

Find out if National Pacific Lending could help you with your financing needs!

Common Bank Statement Loan Questions

What is a bank statement loan?

A bank statement loan mortgage allows you to qualify for a home mortgage with 12 months of bank statement and without needing to document any tax returns.

What is the minimum down payment on bank statement Loans?

You can get a bank statement loan for as little as 10% down and without any (PMI) private mortgage insurance.

What credit score is needed for a bank statement loan?

You don’t have to have a perfect credit for bank statement loans. We could do as low as 600.

What is the maximum loan amount for bank statement loans?

Maximum loan amount on bank statement is 5 million.

What do Mortgage Lenders look for on a bank statement loan?

Lenders look for consistent deposits into the account and will average the total of 12 months statements.