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 actual 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 are essential when evaluating qualifying options.

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

- Twelve months of consecutive bank statements, personal or business.
- Typically deposits of $10,000/month minimum 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 a 10% down payment.
• Available to purchase second homes or investment properties.
• Greater loan limits.

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

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 the 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:

  • Aura Figueroa • October 08, 2017

    We are very happy with the service provided by Joan, Patricia and Elena. They were patient with us and explained all the process step by step. I highly recommend Clear Lending, they answered all our questions, and never rushed us to do anything. Great service!

  • Blanca y Esteban Martinez • January 31, 2014

    Dear Joan,

    You and your team have been a blessing for our closing. Your integrity, efficiency and expertise support during our buying process has made an excellent and pleasant experience on closing. There are many people that makes good business, but you are doing GOOD, while doing business. God bless you and thank you so much!!

    Blessings,

    Blanca

  • Daniel Guerrero • August 05, 2014

    Joan,

    I would like to take a few minutes to thank you and your team. Although we had some unforeseen issues and it was a bit rocky your team stayed focused on the task at hand. Thank you for all that you did. We officially completed the closing.

    Best Regards,

    Daniel Guerrero

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