Entrepreneurs Secure Home Loans with Exclusive Bank Statement Magic

Eligibility and Application Process

To qualify for a bank statement loan, you generally need to have been self-employed for at least two years. Lenders may require a minimum credit score, typically around 620, and a down payment that can range from 10% to 20% of the home's purchase price. The application process involves submitting your bank statements, along with any additional documentation the lender may request. It's crucial to shop around and compare offers, as terms and conditions can vary significantly between lenders.