Bank Statement Loans
At Capital South Funding LLC, we understand that navigating the home buying process can be difficult and somewhat intimidating. It's our goal to provide you more loan options for qualification. Bank Statement Loans are great options for self-employed borrowers who use bank statements to qualify instead of tax returns. No tax returns, Profit and Loss statements, or W2s are used for qualification, making the process easier.
Click Here and Let us Quote a Bank Statement Loan for you!
Who is eligible for a Bank Statement Loan?
Any borrower who has been self employed for at least two years. These business owners work for themselves and often have expenses or tax "right offs" that reduce their income numbers on their tax returns. However, the do earn adequate income to purchase a home which can be demonstrated with 12 months of bank statements.
What are the requirements for obtaining a Bank Statement Loan?
Typically 12 months of business bank statements are required; however, sometimes 24 months is used. The bank statements are then reviewed to come up with your income number. This process is quick and simple. Reach out today and let us calculate your income using bank statements!
Contact Capital South Funding LLC with questions on Bank Statement Loans for properties within NC and SC.
