How this option works
Some non-traditional mortgage programs may use bank statements as part of evaluating income, rather than relying only on tax returns. These programs are not the same as every standard mortgage and have their own underwriting rules.
Who may want to explore it?
Self-employed borrowers or business owners who want to discuss how their income is documented and what financing routes may be available.
Important details to consider
- Lenders may review business and personal statements, deposits, expenses, and other records.
- Rates, fees, reserve requirements, and down-payment expectations can differ from conventional financing.
- A review of your complete financial picture is needed before any eligibility or terms can be discussed.