Having non-traditional employment can make it difficult to get a conventional loan, which is why we offer borrowers who do not have a W-2 the option of a bank statement loan.
This type of loan is designed for people who cannot pass traditional mortgage employment verification processes. So, instead of submitting proof of income via pay stubs, tax returns, or W-2s, you will need to use bank statements as far back as two years.
Who Can Benefit From a Bank Statement Loan?
Individuals who fall under the following categories should consider a bank statement loan:
- Entrepreneurs
- Self-employed
- Business owners
- Investors
- Freelancers
To summarize, this type of loan is for anyone who does not have a traditional or consistent income.
Fast & Easy Bank Statement Loan Rate Quotes
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The Benefits of a Bank Statement Loan
- Accessibility: You don’t need a credit score as high as conventional loans.
- Flexibility: The financial proof requirements are more flexible
- Higher loan limits: Private bank statement loans can sometimes provide higher loan limits than conventional loans.
- Quicker application process: The application process requires less documentation than traditional mortgages and is, therefore, faster.
Apply For a Bank Statement Loan in Weston, Florida
Start your home mortgage today with Avanti Lending. With over 20 years of experience, we can help you achieve your dream of being a homeowner with a streamlined process, competitive rates, and tailored solutions for your unique needs. Get the loan process started by contacting us at (954) 440-6274.
Fast & Easy Bank Statement Loan Rate Quotes
Get your FREE customized quote here!
