All Government Programs
First-Time Buyer, Rural and Veterans Programs
Ask us about our program
To improve your credit scores...
Starting with only...
500 Credit Scores!!!
Don't worry and submit your information
We will help you.
Contact us to analyze your options.
Don't worry and submit your information
We will help you.
Upto 90% financing for
Purchases of up to $830,000.
USDA Loans for moderate income Families
0% down payment - 100% financing
Foreign National Program without:
Residency, Social Security or Income in the US
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.
Joan Gallardo and his team are an exceptional group who are devoted to helping others realize their goal of home ownership. Compassionate and conscientious business people are a rare find. As first time home buyer and new to Texas I had no map of the territory. Joan was a reassuring presence through the entire experience and I will always remember and endorse his company for excellence.
FROM GOOGLE: AWESOME! Clear Lending knows what they are talking about when it comes to the buying and selling of Homes. They will go out of their way to make their clients feel secure in the handling of the biggest transaction of their lives. I highly recommend them! BIG shout to Edgar, Joan and Patricia…so friendly, helpful and professional. THANK YOU SO MUCH Y’ALL!
It was an absolute pleasure working with Clear Lending Home Mortgage! Joan and his team truly worked hard on helping me receive my dream home. As a first time home buyer I was unaware of the process and very unsure of what all it took to complete the process. After receiving constant let down and missed opportunities. I was on the verge of giving up until I spoke to Joan. He and his staff worked hard for me in closing on my first home in under 30 days, with an amazingly low interest rate. There was never a time I questioned Joan or his staff. I went into closing confident with no suprises.They were with me the entire process. Words cannot express how grateful I am of Clear Lending Home Mortgage. The level of professionalism and dedication to work hard for the home buyer is exceptional. I would recommend this company to anyone looking to purchase a home, they won't disappoint! Thank you Joan for everything, you made a dream come true!