Looking to use Bank Statements to qualify for a home loan?
Bank statement home loan program. As an alternative to your traditional tax returns, the bank statement home loan program allows bank statements to be used instead, whether personal or business related.
In order to qualify, at least one borrowers must be self-employed having a minimum 2 years self-employed in the same business, must have credit score minimum of 640, and a Profit and Loss statement may be required.