Bank Statement Mortgage
A bank statement mortgage uses bank statements to calculate your income. If you’re self-employed and don’t have the option of proving your earnings via W2s and tax returns, this may be the ultimate solution. It’s ideal if you have significant write-offs that make it a challenge to show you earn enough income to repay your loan. Depending on the lender, you may use personal or business bank statements to get approved for this type of home loan.