12 Month Bank Statement Mortgage
Loan Programs for Self Employed
Up to 90% LTV
Purchase, Refinance, Cash Out
5/1 Arm, 7/1 Arm or 30 Year Fixed
Personal & Business Bank Statements
Low Interest rates
Up to 50% DTI
Any Credit Ok
No upfront cost
Easy to Apply, Quick Approval
Funding in Days
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Get 12 Month Bank Statement Mortgage Loan Programs for Self Employed for Purchase, Refinance, Cash Out, Rehab, or Debt Consolidation.
1st Position Loans
Up to 90% Loan to Value
Any Credit Accepted
No Tax Returns, P&L or W2
No Prepayment Penalty
Bank Statement Mortgage Loans for Self Employed
500+ Credit Required
No Tax Returns, P&L or W2
Need 12 or 24 Months Statement
BK, Short Sale & Foreclosures OK
Owner Occupied & Non Owner Occupied
1st Mortgages Liens only
LTV (Loan to Value) up to 90%
Up to 80% for Cash out
Up to 85% for Refinance
Interest Rates Starting at 4.75%+*
Terms from 5 Years to 30 Years
Loan Fees 1-3 points
Call for details
*Rate, Terms, LTV, Fees are depended on the loan amount, loan to value, lien position, property type, location, purpose of loan, borrower ability to pay, credit etc. Call for Details
12 Months Bank Statement Mortgage Loan Programs
We offer 12 months bank statement loan program for self employed borrowers. Bank statement loan program can be used for Purchase, Refinance, Cash Out, Debt consolidation. Borrower can either use their personal bank statement or business bank statement to qualify for the loan. Bank statement loan program are for any self-employed business owner, bank statement loans program works good with borrowers who earn seasonal income such as consultant, promoter, tax-preparer, freelancer, artist or other professional with an irregular income stream.
How does 12 Month Bank Statement Loan Program work?
Bank statement loan program is very Simple. Instead using tax returns, W-2s, or proof of regular payroll checks, we base our income lending decision on your bank statements deposits.
We Provide 12 month hard money bank statement mortgage for self employed borrowers in Riverside, San Bernardino, Inland Empire, Los Angeles, Orange County, San Diego County, Fresno, Bakersfield, San Francisco , San Jose, and all of California.
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12 Months Personal Bank Statement Loan Program
How does the personal 12 month bank statement mortgage loan program works?
As a self employed borrower you can use 100% of your personal bank statement deposits as income. No need to show tax returns, W2 or P&L.
Add all deposits for all 12 or 24 months and divide that amount by 12 or 24 respectively to receive the monthly income amount we will apply as the borrower’s qualifying income.
Example. 24 months deposits total = $200,000 / 24 = $8,333 a month income.
Example. 12 months deposits total = $100,000 / 12 = $8,333 a month income.
Qualification & Guidelines for Bank Statement Mortgage Loan Program?
Need 500+ Credit, below 500 will be considered on case by case
Need to be Self Employed for at least 2 Years
Bankruptcy & Foreclosure should be settled
Debt to Income Ratio below 50%
Call for details
12 Month Business Bank Statement Loan Program
How does the 12 month business bank statement mortgage loan program works?
As a self employed borrower you can use 50% of your business bank statement deposits as income. No need to show tax returns, W2 or P&L.
Add all deposits for all 12 or 24 months, divide by 2, and then divide by 12 or 24 respectively to receive the monthly income amount we will allow for the borrower.
Ex. 24 month deposit total = $500,000 / 2 = $250,000 / 24 = $10,333 per month income.
Only 50% is used because we have to assume the business has overhead.
Qualification & Guidelines for Business Bank Statement Mortgage Loan Program?
Need 500+ Credit, below 500 will be considered on case by case
Need to be Self Employed for at least 2 Years
Bankruptcy & Foreclosure should be settled
Debt to Income Ratio below 50%
Call for details
Stated Income No Doc Loans - No Income Verification Loans
Hard money lenders & Investors also provide Stated Income Loans. Stated income loans allow borrowers to simply state their monthly income on a mortgage application instead of verifying the actual amount by furnishing pay stubs or tax returns. Stated income mortgage loan are mostly used by self employed borrowers. In some cases lender would ask for bank statements to support the stated income.
A SIVA loan, or stated income/verified asset loan, allows you to state your monthly gross income on the loan application and requires you to verify your assets by furnishing bank statements or a similar asset document.
A SISA loan, or state income/stated asset loan, allows you to state both your monthly gross income and your assets on your mortgage application. So in this case, both items are simply stated, and the bank or lender will not ask you to verify the information. Stated Income loan lenders are mostly used by self employed borrower or for business purpose loans
We also provide Equity Based Commercial loans & financing. We also have stated income commercial loans, No income commercial loan programs. A Commercial loan is a mortgage loan secured by commercial property, such as an office building, mixed use property, commercial buildings, shopping center, industrial warehouse, or apartment complex. The proceeds from a commercial mortgage are typically used to acquire, refinance, rehab or redevelop commercial property.
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Find 12 Month Bank Statement Mortgage Loan for Self Employed
We provide bank statement loans program in the city of Banning, Beaumont, Blythe, Calimesa, Canyon Lake, Coachella, Corona, Desert Hot Springs, Eastvale, Hemet, Indian Wells, Indio, Jurupa Valley, Lake Elsinore, La Quinta, Menifee, Murrieta, Norco, Palm Desert, Palm Springs, Perris, Rancho Mirage, San Jacinto, Temecula, Wildomar,Adelanto, Apple Valley, Barstow, Big Bear Lake, Chino, Chino Hills, Colton, Crestline, Fontana, Grand Terrace, Hesperia, Highland, Joshua Tree, Lake Arrowhead, Loma Linda, Lucerne Valley, Montclair, Needles, Ontario, Rancho Cucamonga, Redlands, Rialto, Running Springs, Twentynine Palms, Upland, Victorville, Wrightwood, Yermo, Yucaipa, Yucca Valley, Aliso Viejo, Anaheim, Brea, Buena Park, Costa Mesa, Cypress, Dana Point, Fountain Valley, Fullerton, Garden Grove, La Habra, La Palma, Laguna Beach, Laguna Hills, Laguna Niguel, Laguna Woods, Lake Forest, Los Alamitos, Mission Viejo, Newport Beach, Orange, Placentia, Rancho Santa Margarita, San Clemente, San Juan Capistrano, Santa Ana, Seal Beach, Stanton, Tustin, Villa Park, Westminster, Yorba Linda, Agoura Hills, Alhambra, Arcadia, Artesia, Azusa, Baldwin Park, Bell, Bell Gardens, Bellflower, Beverly Hills, Bradbury, Burbank, CalabasCarson, Cerritos, Claremont, Commerce, Compton, Covina, Cudahy, Culver City, Diamond Bar, Downey, Duarte, El Monte, El Segundo, Gardena, Glendale, Glendora, Hawaiian Gardens, Hawthorne, Hermosa Beach, Hidden Hills, Huntington Park, Industry, Inglewood, Irwindale, La Canada-
We also provide loans & Financing for the following property type;
Apartment Building Loans, Auto Body Repair Shop Loans, Auto Dealership, Anchored Strip Center Loans, Assisted Living Facility Loans, Bowling Alley Loans, Car Wash Loans, Church Loans, Commercial Warehouse Loans, Construction, Convenience Store Loans, Condominium, Congregate Care Facility, Day Care Center Loans, Dental Office, Fitness Center Loans, Funeral Home Loans, Garden Apartment Loans, Gas Station Loans, Golf Course Loans, Health Club, Healthcare Financing, Hotel Loans, Industrial Property Loans, Marina Financing, Medical Office Loans, Mini Storage Loans, Mixed-Use Loans, Motel Loans, Mobile Home Park Loans, Manufactured Homes, Multi-Family Homes, Nursing Home Loans, Office Building Loans, Restaurant, Retail, Rental Property Loans, SBA Loans, School, Self Storage Loans, Senior Housing Loans, Veterinary - Animal Clinic Animal Hospital, Warehouse Loans.
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vfindloans.com 1307 West 6th Street # 219, Corona CA 92882 * Tel: 951-254-3712 * Fax: 951-710-6411
Business Hours: Monday thru Friday 9:00 am - 5:00 pm