HomeSpring Mortgage

  For self-employed borrowers, real estate investors, and other individuals with non-traditional income sources, bank statement loans provide a flexible alternative to conventional mortgage financing. Unlike run-of-the-mill mortgage loans, which require traditional income verification like W-2s and tax returns, bank statement loans allow borrowers to qualify using their personal or business bank deposits. Whether you’re looking for a primary home, a vacation getaway, or an investment property, bank statement loans provide the flexibility needed to secure the necessary financing. In this blog, we’ll explore the types of properties you can buy with a bank statement loan and how they fit into the non-QM loan landscape. How Do Bank Statement Loans Work? Bank statement loans make it easier for self-employed individuals and business owners to qualify for a mortgage by looking at their actual cash flow instead of tax returns or W-2s. If you run your own business, you probably write o...