When you apply for a traditional mortgage, the application process invariably requires a W-2 to prove your income.
But only traditional employees can provide this form. How do you qualify for a mortgage if you do not have it? The answer is to apply for a bank statement loan through America’s Mortgage Solutions.
What are Bank Statement Loans?
A bank statement loan is a type of mortgage that has no requirement for a W-2.
With this type of loan, you do still verify your income, but you use bank statements to do so.
Who Needs a Bank Statement Loan?
Any person who is applying for a mortgage without a W-2 may need a bank statement loan. Examples include:
- Self-employed persons
- Business owners
If you do not know whether a bank statement loan is right for you, we can help you to make that determination during your consult.
Bank Statement Loan Benefits
Bank statement loans after these benefits:
- Apply for a mortgage without a W-2. The big-box lenders may have turned you away, but we will help you complete the mortgage process.
- The bank statement loan process is fast and easy with less paperwork then the regular mortgage application process.
- A mortgage company that has processed many bank statement loans is familiar with the hassles the traditional mortgage process presents someone in your situation. We are here to make it as easy as possible for you to apply for a loan. We want this process to be smooth and enjoyable for you.
Our Bank Statement Loan Features
We offer 12 and 24 month bank statement loans with the following features:
- FICO 580
- 90% LTV
- Loan Amount up to $4mm
- Max Cash in hand $1,000,000, no limit for LTV < 55%
- 3 Months Reserves
- 12 Months from Bankruptcy, Foreclosure
- Mtg History 0×60×12
- Combination of Business and Personal Bank STMTs allowed
- Condo and condotels allowed
Apply for a Florida Bank Statement Loan
It is easier than you think to apply successfully for a mortgage in West Palm Beach, North Palm Beach, or anywhere in the state of FL. Please call (561) 316-6800 to schedule your consultation for a bank statement loan.