If you are self employed we have bank statement mortgage options. Qualify for a home loan using bank statements rather than W2s or Tax Returns. Designed for Self Employed borrowers.
When you’re self-employed, you don’t have the luxury of being able to provide pay stubs or show net income on tax returns when you’re trying to secure a mortgage loan.
Not having these required documents can make getting approved difficult, even if you have good credit. Our Bank Statement Loan program allows self-employed borrowers to seek a home loan without showing net income on taxes or pay stubs.We look at your income over a certain period of time using bank statements, and if you meet our criteria, you can get a mortgage loan with a competitive rate.
To apply for a conventional mortgage loan, borrowers usually must provide pay stubs and W-2’s from the past two years of employment. But if you are self-employed or own your own business, you don’t have W-2’s or pay stubs. A bank statement loan requires only the bank statements of self-employed borrowers to determine if they can produce sufficient income to warrant approval for a mortgage loan.
If you are self employed in the Charleston, SC area and looking for a mortgage lender that offers self employed bank statement loans, you are in the right place. Have questions? Give us a call! One of our local Charleston mortgage specialists would be happy to answer all of your questions regarding self employed mortgages.