Bank Statement Loans: Your Self-Employed Mortgage Solution
Are you a self-employed professional, freelancer, or business owner who struggles to qualify for a traditional mortgage because of complex tax returns or fluctuating income? Ameritrust Mortgage's Bank Statement Loans offer a hassle-free path to homeownership. Forget the tedious paperwork – qualify based on your bank statements and financial stability.
Bank Statement Loans are a type of non-QM (Non-Qualified Mortgage) loan that uses your bank statements (personal or business) to verify your income. Instead of relying solely on tax returns, these loans assess your financial health by analyzing your deposits and cash flow. This makes them ideal for self-employed individuals, freelancers, and small business owners who may not have traditional W-2 income.
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Years of Industry Experience
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Bank Statement Loans are designed for borrowers who:
Are Self-Employed: Own their own business or work as freelancers, contractors, or gig workers.
Have Fluctuating Income: Experience seasonal or inconsistent income due to the nature of their work.
Write Off Significant Business Expenses: Claim deductions that lower their taxable income.
Have Limited Tax Return History: Newer businesses or those with less than two years of tax returns.
Ameritrust Mortgage stands out as a premier lender for 1099 income loans for several reasons:
Higher Loan-to-Value (LTV) Ratios
Borrow up to 90% of the property value.
Flexible Income Verification
We use your bank statements (12 or 24 months) to assess your income, not just your tax returns.
Diverse Property Options
Finance your primary residence, second home, or investment property.
Competitive Rates
Access competitive interest rates tailored to your financial profile.
Lower Documentation Requirements
Fewer documents needed compared to traditional mortgages.
Fast Closing Times
Streamlined process for quick approvals and funding.
Self Employed? Qualify without Tax Returns
At Ameritrust Mortgage, we understand that not all self-employed borrowers will qualify for traditional mortgages. Our Bank Statement Loan programs offer flexible solutions to meet your unique needs. Additional documents may be required for eligibility.
Self Employed? Qualify without Tax Returns
Not All self-employed borrowers will qualify. Additional documents may be required for eligibility.
12 to 24 Months Personal Bank Statements to 90% LTV (use 100% deposits)
12 to 24 Months Business Bank Statements (use a flat 50% expense factor or provide an expense factor letter)
2 Months of Business Bank Statements combined with P&L loans to 90% LTV
18 Months Self-Employed to 80% LTV
Primary Home
Purchase & Rate Term
Max LTV 85%
Min FICO 660
Max Loan up to $7M
Cash Out
Max LTV 80%
Min FICO 660
Unlimited Cash - Out
Secondary Home
Purchase Rate & Term
Max LTV 80%
Min FICO 660
Max Loan up to $7M
Cash Out
Max LTV 70%
Min FICO 680
Unlimited Cash - Out
Investor
Purchase & Rate Term
Max LTV 85%
Min FICO 700
Max Loan up to $7M
Cash Out
Max LTV 80%
Min FICO 660
Unlimited Cash - Out
Have Questions?
Below you can find the answers to frequently asked questions.
Anything Unclear or Need Some Help? Relax, We Are Here for You 24/7
Relax and take comfort in knowing that our 24/7 support ensures you're never alone on your financial journey.
Customer Service
Please provide your query, and we will assist you as quickly as we can.
+1 ( 888 ) 499 - 9060
info@ameritrust-mortgage.com
Address: 17341 Irvine Blvd., Suite 285, Tustin, CA 92780
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