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Bank Statement Non-Conforming Loans

When you’re self-employed, you don’t have the luxury of being able to provide pay stubs or show net income on tax returns when you’re trying to get a home loan.

Not having these required documents can make getting approved difficult, even if you have good credit. Our Bank Statement Loan program allows self-employed borrowers to seek a home loan without showing net income on taxes or pay stubs.

Bank statement non-conforming loans are used for primary residence, second homes and investment properties.

  • Purchase
  • Self Employed – Bank Statement / 1099 / Profit and Loss loans.
  • Refinance (rate and term AND cash out)
  • Fixed Rate & Adjustable-Rate options available
  • 30 and 15 year terms available

What Is A Bank Statement Loan?

To apply for a conventional mortgage loan in Michigan, borrowers typically must provide pay stubs and W-2’s from the past two years. But if you are self-employed or own your own business, you may not have W-2’s or pay stubs to produce. A bank statement loan in Michigan requires only the bank statements of the self-employed borrowers to determine if they can produce sufficient income to justify the approval for a mortgage loan.

Equal Housing Opportunity

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