Is a Bank Statement Loan Right for You?
A Bank Statement loan is the premier choice for business owners and entrepreneurs whose tax returns don’t tell the whole story of their financial success. By using 12 to 24 months of bank deposits to calculate your qualifying income, this program bypasses the heavy deductions that often disqualify self-employed borrowers for traditional loans. At Root Mortgage, we look past the paperwork to see the actual cash flow of your business. If you are a successful business owner looking to purchase or refinance, a Bank Statement loan offers a common-sense approach to your unique financial situation.
Benefits of a Bank Statement Loan
Utilize your actual business cash flow to secure financing for your next home or investment property.
Real-World Qualification
We use your actual monthly deposits to determine your ability to pay rather than your taxable income.
-
Tax Deduction Friendly
Continue taking the legal tax deductions your business deserves without hurting your chances of getting a mortgage.
-
Flexible Documentation
Choose between personal or business bank statements to find the most favorable qualifying income.
-
High Loan Limits
Often provides access to larger loan amounts than standard conforming products for well-capitalized owners.
Bank Statement Loan Eligibility Requirements
These guidelines ensure your business has a healthy cash flow and a consistent track record of success.
