Finding the Best Stated Income Lenders — Bank Statement Loans Are BACK!
Finding the Best Stated Income Lenders has never been easier. Valor Lending Group has Bank Statements Loans now up to 85% Max LTV on Purchases and Rate & Term Refinances.
Tax returns preventing you from getting a good rate? Not anymore!! Whereas traditional mortgage loans require tax returns during the loan approval process, bank statement loans do not.
A. What Are Bank Statement Loans?
Self-employed individuals and business owners, whose tax returns often do not accurately portray their financial picture can use bank statement loans. Bank statement loans are a powerful tool for self-employed borrowers to obtain alternative financing where traditional lenders say “no”.
Bank statement loans allow borrowers to qualify based on the amount of deposits into their bank account, where the cash flow is sufficient to cover the new mortgage payment and all other debts.
Valor Lending Group has the best bank statement loans ideals for self-employed borrowers. Instead of using tax returns, W2s, and paystubs, our bank statement loans use the total deposits in your bank account which calculates income over a 12 to 24 month period.
Bank statement loans are best for investors and business owners who are not able to disclose certain information or whose properties are more valuable than a tax return might show.
B. 24 Month Bank Statement Program Highlights:
- Now as low as 15% Down! (Up to 85% LTV)
- Loans up to $3,000,000 for purchase or refinance
- Credit Scores starting at 660
- Must have 2 years verifiable self employment income (and own at least 50% of the business)
- No Tax Returns | No 4506T
If you’re searching for the Best Stated Income Lenders then search no further–Valor Lending Group has your no-tax-return bank statement loans.
Call me now for immediate attention to your scenario.
Check out more information on our programs below and send me all your scenarios!
At Valor Lending Group we continue to keep a close eye on the pulse of the market. We are still funding Non-QM, Fannie/Freddie, FHA, VA, and other Government Loans, as well as Hard Money Loans.
To learn more about Bank Statement Loans click here.
To learn more about all of Valor’s California Home Loan options click here.
Let’s talk today to discuss how Valor can assist in the current market.
C. Recap of our Loan Products:
- Stated Income Loans (No Tax Returns, no W-2s, No P&L)
- Bank Statement Income Loans (Great Bank Statement Program for business owners and self employed)
- Hard Money Loans (As low as 20% down / minimal documentation) Fund in 7-10 days.
- Flipper Loans (Flip a property with one of our many options)
- Line of Credit
- Raw Land or Lot Loans
- Ground up Construction for spec homes, custom homes and commercial ground up.
- 2nd-Position Loans up to $5mm
- Investor Cash Flow Loan – No tax returns or DTI calculation! Based on subject property cash flow
- Farms, Vineyards, Ranches and Agricultural Properties (25-30% down)
- 10% down Jumbo’s with NO MI up to $2.5mm
- Manufactured Housing / Mobile Homes (20% down / 620+ credit score)
- Acreage Properties
- Commercial Loans up to $500mm
- 5% down Jumbo (Up to $2mm Lender paid PMI)
We also offer:
- 10, 15, 20, 25, 30 year Fixed, Conventional Conforming Loans (under $484,350)
- High Balance Conforming aka Super Conforming (from $484,350-$726,525)
- Jumbo’s to $10 Million / Super low rates! / 10% down Jumbo to $3mm
- FHA, VA, USDA
- Reverse mortgages up to $10 Million Value
- Refinance including Cash Out
**Rates and Terms subject to change without notice
Valor Lending Group
“Pride in Lending”
Diamond View Tower
350 10th Ave – 10th Floor
San Diego, CA
Direct: (708) 203-0975
Fax: (619) 872-2400