Get Approved with 12- or 24-Month Bank Statement Loans | Valor Lending Group
Are you self-employed and struggling to qualify for a traditional mortgage?
Do you show less income on your tax returns because you successfully utilize tax deductions?
Are you self-employed? Get Approved with 12- or 24-Month Bank Statement Loans! Tax deductions can significantly lower reported income for many self-employed individuals, making it difficult to qualify for traditional loans that rely on tax returns, W-2s, and pay stubs. This creates challenges for those with strong cash flows but lacks the documentation typically required by conventional lenders.
The latest bank statement loan programs offer a solution specifically designed for self-employed borrowers. Instead of relying on tax documents, these programs assess the total deposits in your bank account over a 12- or 24-month period to calculate your qualifying income. By focusing on your actual cash flow, you can secure a mortgage without the need for tax returns, W-2s, or pay stubs, all while enjoying competitive interest rates.
These bank statement loan programs cater to a wide range of needs, offering loan amounts from $100,000 up to jumbo loans as high as $7,500,000 (and even higher with exceptions) for both purchases and refinances. This flexible and tailored approach makes it easier for self-employed individuals to achieve homeownership or refinance their current mortgage.
WE ARE THRILLED TO ANNOUNCE THAT VALOR LENDING GROUP IS NOW LICENSED IN FLORIDA!
This exciting development expands our capabilities, enabling us to offer a diverse array of loan options to residents of the Sunshine State. We are eager to deliver exceptional service and elevate the standards of mortgage loan financing for our new Florida clients.
VALOR LENDING GROUP IS NOW SERVING ARIZONA, CALIFORNIA, AND FLORIDA WITH EXCITING 12- OR 24-MONTH BANK STATEMENT LOANS!
Are you Self-Employed? Get Approved with 12- or 24-Month Bank Statement Loans TODAY!
What is a 12- or 24-Month Bank Statement Loan?
These loans are not like the ones prevalent before the 2008 financial crisis. Since Dodd-Frank in 2010, lenders must document a borrower’s ability to repay. Bank statement lenders verify income using bank statements rather than tax returns, allowing self-employed borrowers to document their ability to repay based on business deposits into their personal or business accounts. Consequently, this provides a more accurate representation of their financial capacity.
Why Use a 12- or 24-Month Bank Statement Loan?
- The Difference: Traditional lenders require tax returns, W-2s, and pay stubs to determine monthly income. For self-employed borrowers, this can be disadvantageous, as lenders often look at net income, which is lower due to write-offs. In contrast, bank statement loans assess gross income based on total deposits over a given period, providing a more accurate picture of a borrower’s income
- Qualifying: These loans level the playing field for self-employed and 1099 employees, allowing them to qualify without tax returns. They can be used for both owner-occupied and non-owner-occupied properties, similar to traditional financing
Bank Statement Loan Program Highlights:
- 12- and 24-Month Bank Statement options are available
- Up to 90% LTV (on Purchases & R/T Refinances)
- Borrower and Lender paid points available
- Must have 2 years of verifiable self-employment income
- No Tax Returns
- Maximum loan amount $7.5M
- Purchase and cash-out or rate-term refinance
- 2 years seasoning for foreclosure, short sale, bankruptcy, or deed-in-lieu
- Owner-occupied, 2nd homes and non-owner-occupied
What You Would Need for Submission:
- 12 or 24 Months of Bank Statements (business or personal)
- Copy of Business License (if applicable)
- CPA Letter (stating you are 100% owner, you have been in business for 2 years, they have done your taxes for two years, current expense ratio, and CPA License Number)
VALOR LENDING GROUP OFFERS EVERY MORTGAGE LOAN IN THE BOOK!
If you have any questions or would like to discuss the qualifications and requirements in more detail, please don’t hesitate to reach out. I’m here to help!
Recently Funded | Valor Lending Group
$1,044,550 Loan amount | Private Money Bridge Loan | Purchase | 65% LTV | Murrieta, CA
$1,900,000 Loan amount | Full Doc Jumbo Loan | Cash Out Refi | 31% LTV | Mirage, CA
$1,430,000 Loan amount | 24 Month Bank Statement Loan | Purchase | 65% LTV | Phoenix, AZ
$2,625,000 Loan amount | Ground up Construction Loan | Purchase | 65% LTV | Malibu, CA
$1,905,000 Loan amount | Fix and Flip Loan | Purchase | 90/100 LTV | Palos Verde, CA
$2,645,000 Loan amount | Ground up Spec Construction Loan | Purchase | 65% LTV | Palm Springs, CA
$712,500 Loan amount | DSCR Loan | Cash Out Refi | 75%LTV | 70% LTV
$4,013,750 Loan amount | Full Doc Jumbo Loan | Rate& Term Refi | 75% LTV | Newport Beach, CA
$592,500 Loan amount | DSCR Loan | Purchase | 75% LTV| Seattle, WA
$1,950,000 Loan amount | Private Money Bridge Loan | Cash Out Refi | 70% LTV | Berkeley, CA
$3,100,000 Loan amount | 12 Month Bank Statement Loan | Purchase | 43% LTV | Coronado, CA
$1,790,000 Loan amount | Private Money Bridge Loan | Cash Out Refi | Berkeley, CA
$1,008,000 Loan amount | Full Doc Jumbo Loan | Purchase| 80% LTV | Anaheim, CA
$1,740,000 Loan amount | Private Money 2nd Position Bridge Loan | Cash Out Refi |61% CLTV | Berkeley, CA
$4,775,000 Loan amount | Private Money Bridge Loan | Cash Out Refi | 62% LTV
$505,000 Loan amount | Full Doc FNMA Loan | Purchase | 85% LTV! | Ventura, CA
$2,100,000 Loan amount | Private Money Bridge Loan | Cash Out Refi | 51% LTV | S. Carolina
And many more.
We do them all, so give me a call!
Recap of Our Loan Products:
- Private Money Loans (20% down / minimal documentation) Typically, funds in 7-10 days
- Stated Income Loans (Great for business owners and self-employed) No tax returns!
- 100% financing is available (we can cross-collateralize other properties if there is enough equity)
- Valor VA Home Loan 100% financing up to $2.5MM
- Investor Cash Flow Loan – No tax returns or DTI calculation! Based on the subject property’s cash flow
- 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.
- Farms, Vineyards, Ranches and Agricultural Properties (25-30% down)
- 10% down Jumbo’s up to $1.5MM
- Manufactured Housing / Mobile Homes (20% down / 600+ credit score)
- 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)
We Also Offer:
- 10, 15, 20, 25, 30 years Fixed, Conventional Conforming Loans
- High Balance Conforming aka Super Conforming
- Jumbo’s to $10 Million / 10% down Jumbo to $1.5MM
- FHA, USDA
- ARM’s
- Reverse mortgages up to $1 Million Value
- Refinance including Cash Out
**Rates and terms are subject to change without notice
