Top Bank Statement Loans
Valor Lending Group
When trying to secure a mortgage loan as a self-employed individual you do not have the ability to provide pay stubs or W2’s to show net income on your tax returns.
An issue that self-employed individuals run into when trying to secure a mortgage loan is the inability to provide pay studs or W2’s proving their net income on their tax returns, even with a good credit score it will be difficult to secure a mortgage loan.
The Bank Statement Loan program allows those individuals to receive a home loan without showing said documents. When using the Bank Statement Loan program, they look at 12-24 month bank statements to determine your income, and with that they determine if you meet the criteria. If the criteria are met, you can get a mortgage loan with competitive rates.
Valor Lending Group has helped many get the mortgage loans they need to fulfill whatever desired project they are embarking on. Valor Lending Group works with the absolute best to provide you with the top-notch service you are looking for. We will go above and beyond to get you the most competitive rates and you will experience a level of customer service that will have you coming back for more when you need or expertise.
Bank Statement Program Highlights:
- 12 and 24 month Bank Statement options available.
- Up to 90% LTV (on Purchases & R/T Refinances)
- Borrower and Lender paid points available.
- Must have 2 years verifiable self employment income.
- No Tax Returns
- No 4506T
Submission Check List | Top Bank Statement Loans:
- 12-24 Months Bank Statements (business or personal)
- Copy of Business License (3 years)
- CPA Letter (stating you are 100% owner, you have been in business for 2 years and they have done your taxes for two years | Also list your current expense ratio and the CPA License Number)
- Purchase Contract (for purchase)
- Current Mortgage Statement (for refinance)
- Hazard Insurance Dec Page or New Quote for purchase
- Copy of your Driver License (front and back)
Valor is STILL FUNDING Bank Statement Loans for California residential properties. Most lenders have suspended their Non QM Loan Programs. Because of this Valor is slammed. We are Non QM Specialists! No tax returns! With our bank statement loans, we use 12-24 months bank statement cash flow for self employed borrowers and business owners.
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Check out more information on our programs below and send me all your scenarios!
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