There are two types of Bank Statement Program available:
12 Month Bank Statement Program
Qualify for a home by being able to show proof of your income over the last 12 months by showing your bank statements for the last 12 months (1 years worth of bank statements).
24 Month Bank Statement Program
Qualify for a home by being able to show proof of your income over the last 24 months by showing your bank statements for the last 12 months (2 years worth of bank statements).
Features of Bank Statement Program
All loans are not created equal, Bank Statement program has become a great option for self-employed.
The benefits of the bank statement program are these loans allow the borrowers to use bank statements as the form of proof that they are able to pay back the loan amount. This means that self-employed buyers or other buyers who otherwise would be ineligible to buy a home due with only their bank statements and no taxes.
Fast Approval with Downtown Financial
At downtown financial, we make it simple and faster for applicants to get the loan approved under Bank Statement Program.
Bank statement requires down payment of 10%
No First-Time Home Buyer Requirement
Depending on the bank statement, one could be easily eligible for fast approval of home loan.
Enjoy the best rates for both Purchases & Refinances
Loan rates under Bank Statement Program are very attractive.
Merchants Property Solutions Is A Leading Resource For Merchant Service Vendors and mortgage Officers To Provide Flexible Programs To Their Customers. Our Programs are Specially Designed for the Self-Employed Borrower!
*MCM Financial Services in lieu of true corporate name, MCM Holdings, Inc. Website authorization by the New York State Department of Financial Services is pending. Until this website is authorized, no mortgage loan applications for properties located in New York will be accepted through this site.
**Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act