As self-employed people know, there are not many more frustrating experiences than trying to buy a home. The way that the system has been built since 2008 works directly against you. You have had to prove your income through your tax returns, which do not truly measure the income that comes into your accounts. That’s because you were only allowed to use your taxable income, or the income you claimed after your deductions. This has kept many self-employed people from buying the home that they want. Well self-employed borrowers, get ready to buy a home because The Bank Statement Mortgage from The Home Loan Expert is here to solve this problem.
We are now able to use your bank statements to determine your income instead of your tax returns. We don’t need your W-2’s, 1099’s, or any other tax documents. Just your bank statements for the last 24 months. We average them out and determine your income from those, giving you a true opportunity to buy the home that you can afford while preserving all of your write-offs. The Bank Statement Mortgage from The Home Loan Expert is truly the solution to your mortgage application woes.
With Spring right around the corner and the already steaming housing market getting hotter, there won’t be a better time for self-employed people to get their new home purchase started with The Bank Statement Mortgage.
Check out the highlights of our Bank Statement Mortgage:
- No Tax Returns or Tax Transcripts required ever
- Income is calculated using average deposits in your bank account
- 12 or 24 months Personal Bank Statements
- 24 Months Business Bank Statements
- Purchase a new home with as little as 10% Down
- Rate and Term Refinance up to 90% of your home’s value
- Cash out Refinance up to 85% of your home’s value
- Loan amounts from $100,000 up to $2.5 Million
- Debt to Income Ratios up to 55%
- Adjustable and Fixed Rate Options Available
- Interest Only Options Available
- Must be Self Employed for 2+ years
Call The Home Loan Expert Team in St. Louis at (314) 781-9700, Chicago at (773) 770-4727, Indianapolis at (317) 550-1515, Nashville at (615) 810-8555 or Birmingham, AL at (205)721-7656. You can always apply online at hero.loan for your VA Loan, and www.thehomeloanexpert.com for your other mortgage needs, and we’re also open on Saturdays and will come to you to help close your loan. We work hard to make it easy on you. Nobody gets lower rates on better loans than The Home Loan Expert, Ryan Kelley, why go anywhere else?