Bank Statement Loans

Bank Statement loans are geared specifically to business owners/self-employed individuals. Instead of using W2's, tax Returns, etc. A lender can qualify a self-employed person, who has been self employed for at least 24 months, using their bank statements. This program is suitable in the event the borrowers tax returns do not accurately support the income they are generating.

The lender would collect 12 or 24 months worth of bank statements and do an analysis of the statements. 

Once the analysis is done, that figure is what is used for the borrowers monthly income.