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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:

  • Jeffrey Rodriguez • January 30, 2014

    Joan:

    Thank you so much for all your hard work to make this loan a successful ending. You know this is not my first house, but my family and I are very grateful. I am not a first time home buyer, but we are very excited to be a home owner again. I thank you from the bottom of my heart once more for making this possible. Yes, I will definitely refer anyone who comes to me for the inquiry. I will never forget you Joan and Nathalie for what you have done and how hard you worked to make my dream come true. You are very efficient and professional. I am glad that you are my loan officer. Thank you very much once again.

    Sincerely,

    Jeffrey Rodriguez

  • Frank Uribe • March 03, 2019

    FROM GOOGLE: This Company is by far the most professional company I have worked with!! Effective, Caring and Result Oriented. I cannot express enough how knowledgeable Joan and Patricia are, they walked us through every step of the way, answered every one of our questions no matter how small. Joan gave us plenty of advice and support to help us find our home. Joan was ALWAYS available when we needed him and his sense of urgency was par to none, he treated our home buying process as if it was his own. I have never worked with a group of people that cares so much about their clients. Joan made our first home buying experience a thing to remember. There are hits and runs, but working with Clearlending was a Homerun!!!! We recommend Clear Lending to all of our friends and family. Thank you Joan and Patricia!!!! May God bless you guys and continue to give you success.

  • Denita Hawkins • July 19, 2017

    Thank you Joan! You TRANSFORMED a Nightmare into a DREAM!

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