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12 Bank Statement Loan Program:

Purchase your Dream Home with only 12 Month Bank Statements

Portfolio

If you own your own business or are self-employed, you know that getting a mortgage can be difficult. Regardless of what you reported for income if tax write-offs make your business profitability low, 12 Bank Statement Loan Program will be your golden opportunity.

Clear Lending offers the 12 Bank Statement Loan Program for borrowers whose taxes do not necessarily reflect their true purchasing power and thus their ability to repay the purchase of a house that might be right for you.

The 12 Bank Statement Loan Program, whether personal or business bank statements, is the perfect program for those potential borrowers whose taxes may include an elevated amount of deductions but their company has recently become more profitable. For those cases where borrowers don't want to wait to file following years' taxes and wish to take advantage of qualifying right away, this program is the solution.

While this program is a portfolio loan program and thus doesn't have uniform underwriting guidelines for all applicants, the size and consistency of deposits from month to month is important when evaluating qualifying options.

The basic requirements to apply for the 12 Bank Statement Loan Program are:

- 12 months of consecutive bank statements personal or business.
- Typically a deposit average of $10,000/month if personal bank statements or $20,000/month if business bank statements.
- Two years of self-employment evidenced by a license, DBA, Corporation or any other legal document evidencing the registration of business if using business bank statements.
- Citizen, Resident or current Visa for non-permanent US residents.
- Credit scores of 550+ for Primary Occupancy Residency Purchases.

Loan Program Highlights:

• Purchase or refinance loans available for owner-occupants and investors of 1-4 units, townhouses, approved condos or PUDs.
• Purchase or refinance of single-family second homes.
• Financing traditionally up to a max 90% loan-to-value with 700+ scores. Gift funds are allowed after the borrower’s required contribution.
• Seller contributions allowed depending on down payment and occupancy.
• Co-signers are allowed to help buyers qualify for single-family residences.
• Loans from $200,000 to $5,000,000. Smaller loan amounts on a case-by-case basis.

Benefits of 12 Bank Statement Loan Program:

• No mortgage insurance even with 10% down payment.
• Available to purchase second homes or investment properties.
• Greater loan limits.

Don't wait any longer and find out how much you can get Pre-Approved for.

Whether you are considering purchasing or refinancing with a 12 Bank Statement Loan Program, Clear Lending can help you. Simply complete our secure and encrypted Pre-Approval Form online and we will contact you right away to review best options for you.

Not all applicants will qualify. This advertisement is not an offer for an extension of credit. Please meet with a licensed loan originator for more information as programs are available only to qualified borrowers. Programs rates, fees, terms, and programs are subject to change without notice. Not all loans, loan sizes, or products may apply. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet loan-to-value requirements, and final credit approval. Approvals are subject to underwriting guidelines and program guidelines and are subject to change without notice. Some restrictions may apply.

Customers Reviews:

  • Sharaine & Michael • July 26, 2017

    I don't even know where to start with just how much Joan has helped us going above and beyond of his service. I was impressed with how he handled eveything from beginning til we closed, and made sure he contacted us about every detail necessary. I could reach him even late nights and weekends where he could be spending time with family but instead, he was available to assist us. I highly recommend Joan to anyone and I promise you, you won't regret it.

  • Ashley Magallan • August 21, 2018

    I owe it all to Joan for making our dreams come true. I never thought I would own a home, but Joan made it happen. He was there for me at all hours of the day with questions and concerns I had. Everyday he would communicate with me, on how the process was going. Joan is on top of everything and SUPER fast. If any one is the need of buying a home, I would totally recommend him!

  • Gema Ibett • July 31, 2017

    Our experience with Joan was phenomenal. He worked diligently throughout the holidays last year to ensure we closed as promptly as possible. Will and have definitely recommended him to anyone else that's been looking. Thanks again for everything you did!

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