Bank Statement Only Mortgage Program | Moreira Team Mortgage

Making the best mortgage decision when you’re self employed

Let’s just cut right to the chase…The big problem with trying to get a home loan while self-employed is often proving your income due to taking advantage of deductions (write offs!) from your taxes.

We understand that your tax returns don’t fully represent the income your business truly earns…That’s why we offer a Bank Statement Program that lets you use your personal or business bank statements instead of your tax returns to prove your income for qualifying purposes.

The Bank Statement Program has the benefit of allowing you to prove your income based on the average balance on your bank statements instead of using your tax returns. As long as you can show positive cash flow on your personal or business bank statements all mortgage options and programs are still available to you. Do you think the bank statement only mortgage option is right for you?

Bank Statement Only Mortgages

If you have been denied because you write off all or some of your income on your tax returns, we can help

Here are the documents you will need for your licensed mortgage advisor

  • 12 or 24-months bank statements for Personal & Business

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
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