We know our self-employed clients work hard to achieve their dreams. We are happy to help you determine which loan options are best for your circumstances.
Bank statement loans are often a good fit for self-employed, retired, or otherwise unconventional borrowers. These mortgages don’t require tax returns or pay-stubs. You may qualify for a loan for a new home or a refinance with just your bank statements!
Lenders review your last 24 months of bank statements. This is how they determine how much you can borrow and your ability to make payments.
The benefits of Bank Statement Loans include allowing as little as 10% down payment. You can choose between a fixed-rate or adjustable rate mortgage. For borrowers wanting to refinance on an existing property may be able to obtain up-to 85% of the property’s value.
The Savvy Mortgage team is well-versed in these types of loans and can offer you their expert guidance about all factors you should consider. They will make sure you have all the information to decide which is the right approach to home ownership for you.
What You Can Expect as a Savvy Client:
Eileen, Tracie, and their team will work with you to help you identify the right loan for your needs.
Throughout the process you’ll receive the excellent customer service and support Savvy is known for.
Savvy will be by your side, guiding you every step of the way:
- Complete our simple loan qualifier survey
- We’ll send you customized information about your best options
- We’ll work with you to compare mortgage terms and rates to find the right one for you