Bank Statement Home Loan Programs For Self-Employed & Contractors!
Are you a self-employed individual juggling your life and business, and it’s time to buy that home for you and your family?
But when you work for yourself, you may not have the luxury of showing pay stubs or net income on tax returns when you’re trying to apply for a mortgage.
The lack of what most lenders consider “traditional” income verification documents could make getting approved for the home loan you want challenging, even if you have good credit.
That is, if you don’t work with Full Circle Home Loans!
Allow Us to Introduce Our Bank Statement Home Loan Program!
Being self-employed does have its benefits. But when it is time to look for a mortgage, it can be tough for many people to verify their income with tax returns..
If you’re an entrepreneur, self-employed person, or business owner, allow us to introduce you to our Bank Statement Home Loan Program!
This may be an excellent way to achieve your homeownership goals!
What is the Bank Statement Home Loan Program?
This program is designed for entrepreneurs, business owners, freelance workers, and the self-employed who may have trouble qualifying for a traditional home loan because of their not having standard tax documents.
Instead of relying on tax returns or pay stubs, we will use your bank statements to assess your income.
The bank statements will give us a more accurate picture of your financial situation and help you qualify for our program to meet your needs.
Who is Eligible for the Bank Statement Home Loan Program?
The bank statement program is a fantastic way to get access to financing.
Here is a list of those who are eligible for our new program:
Self-employed applicants
Independent contractors
Workers with seasonal income
Gig workers, side hustlers, or freelancers
Other earners with irregular income streams
What Do You Need for the Bank Statement Home Loan Program?
Getting started with our innovative bank statement home loan program is simple. To qualify for the Bank Statement Program, you will need to provide:
12 or 24 Business or Personal Bank Statements, or 1 or 2 years of 1099s
2-year history of self-employment
CPA letter and P&L sheets are acceptable
Let’s Talk
Now that you know more about the Bank Statement Home Loan Program, let us help you.
At Full Circle Home Loans, our goal is simple: to fund your home.
If you find this isn't the right program for you, no worries. We have other Self employed and unique programs for borrowers such as P&L only, asset based loans, and more!
Our team will collaborate with you to understand all of your home loan options.
Contact us to learn more about the Bank Statement Program, especially if you are self-employed.