Best 12 Month Business Bank Statement Loan

Are you self-employed or have irregular income that traditional mortgage lenders find challenging to assess? Consider our specialized Best 12 Month Business Bank Statement Loan Programs, designed to accommodate unique financial situations like yours. At Valor Lending Group, we understand that your income might not fit the conventional mold. This is why we offer flexible options based on your recent banking history. Banks or big institutions will look at traditional tax documents and you might not fit into their box mentality. Whether you’re looking to purchase your first home, refinance an existing property, our bank statement loan program allows you to qualify based on your average monthly deposits over the specified period. This approach can open doors to homeownership that may have previously seemed out of reach.

What is a Best 12 Month Business Bank Statement Loan Program?

Our Business Owners Bank Statement Loan Programs is designed to provide you with the flexibility and convenience you need. By leveraging your bank statements, we offer competitive rates and terms that align with your financial circumstances. Our experienced team is dedicated to simplifying the application process, offering personalized guidance, and ensuring you understand every step of securing a mortgage through this innovative program. Whether you’re a 1099 worker or a small business owner, Adam Lawrence is here to help you achieve your homeownership goals with confidence and ease throughout the process.

Can I qualify for a Best 12 Month Business Bank Statement Loan Program?

Qualifying for a bank statement loan is similar to qualifying for a conventional, high balance, or jumbo loan, with the primary difference being the income documentation. This process involves providing 12 to 24 months of business bank statements for income verification. The lender will calculate the average of monthly deposits over the 12 or 24-month period to determine your monthly income, then apply an expense ratio specific to your business. After deducting the expense ratio, the remaining amount is your monthly qualifying income. The loan is then underwritten just like a conventional or jumbo loan.

Best 12 Month Business Bank Statement Loan Program Highlights

• Up to 90% LTV
• Max Loan Up to $4MM!! (Most lenders cap at $2M-$3M)
• Flexible Guidelines
• 15, 20, 25 & 30 Year Fixed Interest Rates
• 1-4 Units
• Primary, 2nd Home, or Investment Property
• Self Employed or 1099 Contractors

Other Valor Lending Loan Products:

• Hard Money Loans (20% down / minimal documentation) Typically Fund in 7-10 days.
• Stated Income Loans (Great for business owners and self employed ) No tax returns!
• Valor VA Home Loan 100% financing up to $1.5MM
• Rental Property Loan – No tax returns or DTI calculation! Based on subject property cash flow – No DSCR Coverage needed!
• Flipper & Rehab Loans (Flip a property with one of our many options)
• 2nd Position Loans up to $5mm
• Raw Land & Lot Loans
• Ground up Construction for spec homes, custom homes and commercial ground up.
• 10% down Jumbo’s up to $3mm
• Acreage Properties
• Commercial Loans up to $500mm
• 3% & 5% down Conventional Loans– LPMI (Lender paid mortgage insurance)
• Foreign Nationals Loans (no social security or residency required)
• Conventional Conforming Loans
• High Balance Conforming
• Jumbo Loan Financing to $10 Million / Super low rates! / 10% down Jumbo to $3mm
• FHA, USDA
• Reverse mortgages up to $1 Million Value
• Cash Out Refinancing

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