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Not enough taxable income to qualify?

If your bank statements say you can cover it, but your tax returns say otherwise, we have a solution for you.

Common sense lending is back and we can now qualify self-employed individuals with the average monthly deposits in business and/or personal bank accounts to demonstrate your ability to afford timely mortgage payments.

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Bank Statement home loan highlights

  • Buy or refiance (cash-out)
  • Loans up to 90% of your home's value with NO PMI
  • Jumbo loans - up to $3 million
  • Easier qualifying with up to 50% debt-to-income ratios
  • No pre-payment and no reserves required

Get Started Now!

Loan Credit Requirements

Bank Statement home loan credit requirements

  • Credit scores as low as 620 allowed.
  • Bankruptcy, foreclosure, short sale, and deed-in-lieu all require 2 year elapsed from credit event.
Home Loan Benefits

Bank Statement home loan benefits

  • Rates starting in the low 5's
  • Bank statements used to qualify. 12 months business or personal bank statements are used for income qualifications.
Home Loan Terms

Bank Statement home loan terms

  • 5/1 & 7/1 ARM – 5 and 7 Year fixed period followed by adjustable rate period. 30 year fully amortized.
  • A 30 year fixed rate - with Interest Only options up to 10 years.
Home Loan Property Types

Bank Statement home loan property types

  • Single Family Residence, Condo, Townhome, 2-4 Units.
  • Second homes and investment properties.
HomeLife Mortgage is a company with a reputation of delivering excellent service for over 25 years.
Get pre-qualified today