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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 home loans 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 Bank Statement Home Loans in Fairfax County, Houston, or Chicago, whether personal or business bank statements, are 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 Bank Statement Home Loans are:

- Twelve months of consecutive bank statements, personal or business.
- Typically we want to have deposits of around $10,000/month or more if personal bank statements or over $20,000/month if business bank statements. If we only use personal bank statements and applicant doesnt have business bank statements then personal bank statements deposits will be cut by 50% so in this  case we would need consistent deposits of around $20,000/month. 
- 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 in Houston, Chicago, and Fairfax County.

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 bank statement home loans in Houston or Fairfax County, 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:

  • Vincent Bullen • Jule 10, 2017

    It was a pleasure to work with Joan and Elena at Clear Lending Mortgage. They guided us through the process step by step and were always available to answer questions. They worked with our situation, and made it possible for us to purchase our first home. I would recommend them without reservation.

  • Ronald Perez • March 27, 2022

    Thank you Mr. Joan for the excellent job getting us approved. My wife and I are very pleased with Clear Lending and the staff. From application to closing it has been a smooth process. I am happy I decided to apply after reading all the good reviews. I will recommend your company to anyone seeking a hard working loan officer and real estate agent. 

  • Rodolfo Garcia • Jule 25, 2018

    Joan and the rest of staff at Clear Lending did an amazing job. Taking the time to explain all the details and taking all the right steps on getting me into a home. I recommend anyone in the home buying market to contact him. He will take care of you.

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