- Description: A Bank Statement Mortgage is a non-qualified mortgage loan designed for self-employed borrowers. It allows them to seek a home loan without showing net income on tax returns or pay stubs. Lenders evaluate non-traditional income over 12 months using bank statements.
- Eligibility:
– Small business owners
– Independent contractors
– Consultants
– Realtors
– Freelance employees
– Entrepreneurs
– Gig workers
– Truckers