Quintessential Mortgage Group offers a wide range of loan programs that provides flexibility for borrowers. Our team of loan officers specializes in finding mortgage programs for those unable to document income. Our personal bank statement loan program allows borrowers to qualify for a mortgage using only their bank statements as proof of income. Self-employed borrowers with 12 months of bank statements may be eligible for financing at the following terms:
Borrowers unable to meet the minimum credit score of 620 might still be able to qualify for financing by providing 24 months of bank statements. Loan terms under our 24-month bank statement program include:
In a bank statement loan, (AKA stated income) you don’t need to provide the typical financial documents needed for a mortgage, such as W-2s and tax returns. Instead, you’ll use bank statements to prove income. This can be helpful if your income is inconsistent, your employer doesn’t issue traditional paychecks or you claim significant tax deductions. Please contact our team of experts today at QMG and learn if the Personal Banke Statement Program is right for you.
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