Qualifying for traditional loans isn’t always straightforward for property investors, especially when self-employed. Sound familiar? Well, Bank Statement loans provide another way by allowing you to qualify based on your actual income—not just what’s shown on tax returns.
This approach helps you secure financing while aligning with the unique way you manage your income.
Helping Property Investors Overcome Obstacles
Understanding a self-employed borrower’s or business owner’s full income picture can be complex. It’s not as simple as analyzing one set of bank statements. Multiple sets of bank statements and other income sources often need to be evaluated to capture an accurate view.
At LendSure Home Loans, we know how to ask the right questions to gather all the necessary information—a step that’s critical for helping you qualify.
Our underwriting process for Bank Statement loans starts with a core principle: every borrower’s situation is unique. Unlike traditional loans that rely heavily on W-2s, our Bank Statement loans require a detailed and thoughtful approach to understanding income streams and expenses.
Examples of Unique Borrower Scenarios
Here are a few examples of how we’ve helped self-employed property investors achieve their financing goals:
- The Restaurant Owner: A food-service entrepreneur might have separate bank accounts for cash receipts, credit card payments, and each of their multiple locations. By analyzing all accounts, we gained a complete picture of their finances, helping them secure the financing they needed.
- The Physician: A doctor’s office may have one account for insurance reimbursements and another for patient payments. We examined both accounts to ensure all income is considered, especially for practices with multiple locations, enabling the doctor to qualify for the loan.
- The Artist and Musician Duo: A couple with separate accounts for rental income and their artistic endeavors
.Initially; only the rental income account. After reviewing both accounts, we incorporated income from their second account, which allowed them to qualify for their mortgage.
Flexible Expense Factors
At LendSure Home Loans, we understand that no two businesses are the same. That’s why we don’t apply a one-size-fits-all expense factor. For example, an engineer working from home has fewer business expenses compared to a retailer or mechanic with higher overhead costs. Our approach ensures a fair evaluation of your financial situation.
Our Solutions-Driven Approach
By carefully analyzing your unique financial circumstances, we can combine bank statement income with other sources, such as W-2s or asset depletion income, when applicable. This comprehensive approach allows us to deliver loan solutions tailored to each borrower’s needs.
LendSure Home Loans’ Bank Statement Loan Program
LendSure operates across the United States, offering custom financing solutions to meet the unique needs of property investors. Our Bank Statement loan program provides:
- Loan-to-Value ratios up to 90%, so you can qualify with less upfront.
- Get pre-qualified fast, typically in as little as 24 hours.
- Secure financing up to $3,000,000.
- 12 or 24-month of business bank statements and personal bank statements permitted.
- Do not have to be 100% owner of the business.
With personalized support and expert guidance, we help self-employed investors achieve their goals while simplifying the financing process.
Why Choose LendSure Home Loans?
It’s simple. We make loans that make sense. We’re not in-the-box lenders. Of course, there are numbers, ratios, and data to consider, but we know that behind every file, there’s an individual with unique circumstances seeking a loan.
We’re redefining the mortgage experience one loan at a time. Thanks to our common-sense approach and dedicated lending team, we often say ‘ yes’ to today’s homeowners and investors.
Ready to explore how LendSure Home Loans’ can help you finance your next property? Contact us today.
LendSure Home Loans is a registered trade name of LendSure Mortgage Corp. NMLS ID# 1326437 (www.nmlsconsumeraccess.org). 12230 World Trade Drive, Suite 250, San Diego, CA 92128. 888.707.7811. All rights reserved. LendSure Mortgage Corp. is authorized to conduct business under the LendSure Home Loans trade name in CA, GA and TX. Loans made or arranged pursuant to a California Financing Law license 60DBO-94956; Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. For licensing information, please visit our Licensing Information page. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms, fees and conditions are subject to change without notice. Other restrictions and limitations may apply. Equal Housing Lender.
