What is a bank statement mortgage?

A bank statement mortgage is a home loan option that may allow eligible self-employed borrowers to verify income using personal or business bank statements rather than tax returns, depending on program guidelines.

Who is a bank statement mortgage program designed for?

These programs are commonly designed for self-employed professionals, independent contractors, freelancers, gig workers, small business owners, and 1099 earners with non-traditional income documentation.

How many months of bank statements are typically used?

This program highlights using 12 months of personal or business bank statements for income verification, subject to eligibility and program requirements.

Do bank statement mortgages require mortgage insurance?

This program highlights up to 90% financing with no mortgage insurance, subject to program guidelines and borrower qualification.

How do I get started with a bank statement mortgage?

If you think a bank statement mortgage may fit your situation, the next step is to get pre-qualified. A Castle & Cooke Mortgage loan officer can review your goals and help determine program fit based on current guidelines.

Bank Statement Mortgage Program | Castle & Cooke Mortgage

If you’re self-employed, a 1099 earner, or a business owner, qualifying for a home loan doesn’t have to be a challenge. This flexible Bank Statement Mortgage Program allows you to use your personal or business bank statements instead of tax returns for income verification.

Program Highlights

✔ 12 months of personal or business bank statements can be used for income verification✔ Minimum 620 credit score may qualify
✔ Loan amounts from $100,000 to $3 million
✔ Up to 90% financing with no mortgage insurance
✔ Debt-to-income (DTI) ratio up to 50%
✔ Most property types accepted

Who Is This Program For?

Self-employed professionals
Independent contractors
Freelancers and gig workers
Small business owners
1099 earners with non-traditional income

If you’ve been told you don’t qualify for a home loan because of tax return requirements, this could be the right solution for you.

Click the button below to get pre-qualified today!

Bank Statement Mortgage Program

Get Pre-Qualified Without Tax Returns

Program Highlights

Who Is This Program For?

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