Add To Your Volume With Our Bank Statement Product
Looking for a new source of prospects? How about self-employed borrowers? We work with originators every day helping them close loans specifically for self-employed clients. According to Upwork, there are 59 million self-employed and gig economy workers – this accounts for 36% of the U.S. workforce. The Census Bureau reports that almost 10 million new businesses were created in the U.S. just in the last two years! Many of these people cannot qualify for a home loan using their tax returns. The solution is a Bank Statement loan!
Don’t worry if you aren’t familiar with the details. We are here to educate and teach you to become a go-to expert for self-employed borrowers. As well, we can present non-QM to your Realtors as the experts on your behalf. Referrals will grow!
Highlights of our Bank Statement Product:
- Loans up to $3 million
- 12 or 24 months business or personal bank statements
- Two years seasoning required for foreclosure, short sale, bankruptcy or deed-in-lieu
- 1099 option available
- 40 year fixed income interest only available
- Delayed financing available
- Bank statement review team analyzes and calculates income upfront for you