Designed for self-employed borrowers, this program uses business bank statements to verify income and determine loan eligibility.
This program allows borrowers to use their profit and loss statements to demonstrate income, making it suitable for freelancers and contractors.
Ideal for borrowers with personal income streams, this program uses personal bank statements to assess income and qualify for a mortgage.
When it comes to bank statement loan programs, Sistar Mortgage stands out as one of the leading bank statement mortgage lenders. Our streamlined application process caters to borrowers with non-traditional income documentation, offering bank statements only mortgage loans. We understand that every borrower's situation is unique, which is why we work with a caliber of lenders who consider individual circumstances. Whether you're self-employed or have unconventional employment, we prioritize finding the right bank statement loan solution for you. Trust Sistar Mortgage for reliable guidance, exceptional service, and a commitment to helping you achieve your homeownership goals.
Many individuals seeking a conventional loan can benefit from its flexible down payment options, competitive interest rates, and customizable loan terms. Whether you're a first-time homebuyer or looking to refinance, conventional loans provide a reliable and accessible financing solution
For self-employed borrowers who have non-traditional income sources, bank statement loans are a flexible financing option.
Bank statement loans cater to freelancers and contractors who may have varying income streams and irregular pay schedules.
Small business owners can benefit from bank statement loans, leveraging their business revenue to qualify for financing.
Bank statement programs allow commission-based professionals to use their bank statements to verify income and secure a mortgage.
To provide optimal options, we first learn a little about you and your home-buying objectives.
You need genuine numbers if you want sellers to trust you. Receiving permission depends on your credit score.
Provide information about your income, regular expenses, and housing savings. Our mortgage lenders for refinancing will figure out your house's maximum price.
You may quickly alter your permission letter so sellers won't be aware if you submit an offer lower than what you've been authorized for.
Bank statement program loans offer the advantage of not needing to provide tax returns or transcripts.
With regular monthly income deposits reflected in bank statements, lenders can assess your income stability.
Bank statement lenders can review 12 or 24-month bank statements, accommodating varying financial situations.
Business owners can provide 12-24 months of P&L statements, eliminating the need for extensive tax documentation.
“I felt Sistar Mortgage was an excellent fit for me. When they went through the procedure and gave me the specifics, the staff was kind and patient with me. The loan officer was kind, considerate, and thorough in his contacts.”
“They have excellent loan officers who educated me about loans. They’re extremely helpful in obtaining the best financing for us and getting us approved and ready to buy. Many thanks to Sistar Mortgage and Team!”
“We thoroughly recommend Sistar Mortgage’s loan officer and loan processor. Begin the mortgage lenders for refinancing. They made the loan application procedure simple.The process was as easy-going as we could have hoped. I appreciate everything.”
Yes, bank statement loans are designed for self-employed individuals who don’t have a W-2, allowing them to use their bank statements to verify income and qualify for a mortgage.
Typically, lenders require 12 to 24 months of bank statements to assess your income stability and determine loan eligibility.
While a good credit score is beneficial, bank statement loans consider various factors such as income, assets, and overall financial profile in the loan evaluation process.
Yes, if you own a business, you can provide business bank statements and, in some cases, profit and loss statements to demonstrate income for a bank statement loan.
Bank statement loans can be used for various property types, including primary residences, second homes, and investment properties, depending on the lender's guidelines.
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