Mon - Fri 10:00 am - 7:30 pm / Sat Appointment Only

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:

  • Hector Tovar • August 14, 2019

    FROM GOOGLE: Working with Joan and his staff was an awesome experience. He was always available and ready to answer any question. They helped us with a construction loan to build our dream house. They guided us step by step making it really easy to get the One-Time-Close Construction Loan. If you want to make your dream of building your own house come true, we strongly recommend Clear Lending to be your Loan Officer.

  • Seba & Murat • December 31, 2015

    Joan is the first loan officer we worked with, however, we were lucky we found him as we saved so much time. Although house presented some handicaps, he took care of everything. He knows what to do after so many years of experince. If you are planning to buy a house, I advise to submit a loan application and soon will enjoy your new home!

    Thank you Joan for your time and efforts!

  • Cody Sherrill • December 12, 2016

    Thanks Joan for you amazing work with our home loan. I still can’t believe I purchased a house for $174,000 and went to closing with $769 besides my $1000 earnest money deposit. I submitted an application online on 10/5/2016 after I read online about VA Programs Clear Lending offered. Next day Joan Gallardo called me and after his applications dept. completed an Pre-Approval, he told me from the start not to worry that he would be able to take care of me. And boy he did! He even negotiated on behalf of my agent with listing agent getting me a large seller contribution. This guy is very knowledgeable and I truly recommend him. Joan my wife and I cannot thank you enough all hard work you have done and no need to say I will refer you my friends. Actually I already sent you my boss. Take good care of Jorge! Thanks Joan.

Get Your Very Latest Rate Quote Now!

If CELL Phone number is not valid we will not email your Quote