Bank Statement Loans
What is a Bank Statement Loan?
This loan solution is built for self-employed borrowers that want to purchase or refinance a home. Tax returns aren't required! We use bank statements from your business instead. Best of all, a Bank Statement loan can be used for owner-occupied, non-owner occupied, and second homes.
Bank Statement Loans for self-employed?
Bank statement mortgages are primarily used by self-employed borrowers. In certain cases a business owner or self-employed borrower may not show considerable income on a tax report. A bank statement program uses deposits from business income to determine the qualifiable income versus the traditional tax return or W2. This makes the bank statement mortgage a potential fantastic option for self-employed individuals.
Is a Bank Statement loan right for me?
If you've been self employed for at least two years, this loan might be right for you! Contact us today and let's get started.
Can I get a Bank Statement loan in Michigan?
Yes! Bank statement loan programs are available in Michigan! As one of the best bank statement mortgage brokers in the state we are happy to provide several bank statement home loan options to our clients. Not every program is the same. It's important to speak with a loan advisor and find the best loan program for you.
Why Choose JPAL Mortgage for Bank Statement Loans in Michigan?
JPAL Mortgage is a top-rated bank statement loan mortgage broker. We've worked with many self-employed borrowers over the years and consider it a passion of ours. As a mortgage broker, we have access to several bank statement loan programs. As fellow business owners, we understand the balance of tax liabilities and profit. Let's chat today and see if a bank statement program is right for you.
Give us a call at 616-465-5725. Or fill out this short form and we'll respond quickly.
What do clients say about us?
"Jeremy helped us with the purchase of our very first home. He was extremely helpful throughout the entire process. He answered every question we had - big or small - as if it was the most important thing he could be doing in that moment. He made us feel very cared for and was extremely efficient at giving us updates along the way. Do not question your choice to work with Jeremy! We are so glad we did."
-JUSTINE L.
"Adam made the lending process super easy and worry free. Very responsive and willing to take the time to educate throughout the process. Incredibly quick to close as well. Highly recommend for all your mortgage needs!"
"It was a pleasure working with Ryan! He was timely and knowledgeable about the industry. Ryan makes the home buying process enjoyable!"
"JPAL is absolutely fantastic! I've worked with Jeremy on multiple mortgages and he always impresses and delivers! What Jeremy and Adam are building at JPAL is excellent for all homeowners. I very highly recommend JPAL!!"
"Travis Hunt is the best mortgage professional I've worked with! He is knowledgeable, has great communication throughout the process and always puts the client's needs first! I'd recommend Travis Hunt and JPAL to anyone!"
Start your mortgage journey now!
We would love to speak with you! Our team is always eager to answer questions. We seek to be advisors, not salespeople. We're happy just to lend a hand.