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Bank Statement Loans

Description

Many self employed borrowers legally write off large business expenses on their tax returns reducing their "qualifying" income.  Bank Statement Loan Programs allow us to document your income using deposits for your most recent 12 or 24 months bank statements.  The result; more qualifying income allowing you to qualify for a larger loan amount.  

Features

Fixed rate and adjustable rates programs available.  For adjustables, the rate is fixed for  first 5, 7 or 10 years.  Loan amounts to $3 Million.  

Benefits

Higher qualifying income.  Because we calculate your income using deposits from your business bank account (as opposed to tax returns), we can generally get you more qualifying income allowing you to qualify for a larger loan amount. 

Ideal For

Self-Employed borrowers who write off large business expenses on their tax returns. 

Fun Fact

More self-empolyed clients are qualifying for loans then ever before thanks to this innovative loan program.  

Apply Now

Copyright © 2021 Quick and Closed - All Rights Reserved.  Equal Housing Lender


"CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A

RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A

COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE

LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT

FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S

WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS

AVAILABLE AT 1-877-276-5550.

THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF

CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS

CAUSED BY ACTS OF LICENSED RESIDENTIALMORTGAGE LOAN ORIGINATORS. A

WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND

MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE

PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND,

PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV."

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