Bank Statement Loan Program

What is a Bank Statement Mortgage Loan?

If you have a solid history of financial responsibility and a strong credit rating, but you haven’t been able to get traditional home financing due to your income or your self-employed status, then the bank statement loan program at CrossCountry Mortgage is a type of mortgage that can help you qualify to buy a home or refinance a loan.

Are You Self-Employed?

Although being self-employed comes with many benefits, it can be difficult to get approved when looking to purchase a home. To make your process as smooth and streamlined as possible, CrossCountry Mortgage has implemented a program to help counteract these issues. We offer a Bank Statement Loan Program for self-employed borrowers as well as those whose employment histories and tax returns may not reflect their viability for a mortgage. You already work hard for yourself. Now let your career work in your favor.

Bank Statement Loan Requirements

Here are some requirements and criteria when applying for a bank statement loan:

• Personal bank statements (24 months)
• No tax returns required
• Borrow up to 85% of the value of the home
• Debt-to-income ratio up to 50%
• Loans up to $3 million
• For primary and secondary homes and investment properties
• Non-warrantable condominiums
• 30-year fixed rate — no pre-payment penalty

Learn more about qualifications for a self-employed mortgage loan program.