Program Highlights

Bank Statement Loan Program

Maximum loan amounts of $3,000,000
Loan-to-Value ratio up to 90%
12 or 24 months of personal and business bank statements are permitted
Borrower need not be the full owner of the business
W-2 plus bank statements are acceptable
P&L statements are not required
Business expense ratio as low as 10%
Multiple business bank accounts are accepted

Innovative solutions designed for self-employed borrowers

Reduced down payments

Thanks to Loan-to-Value ratios up to 90%, you can secure financing with a lower down payment

Faster funding time

Looking for fast approval? Get pre-qualified in 24 hours or less!

Flexible Documentation

Instead of tax returns, use personal or business bank statements to qualify

FREQUENTLY ASKED QUESTIONS

Who can take advantage of a bank statement loan?

Self-employed borrowers can use bank statement loans to qualify based on their actual income rather than tax returns. These loans are beneficial for non-traditional borrowers like business owners, self-employed individuals, and commission-based salespeople who face difficulties in documenting income.

How is the business expense factor calculated?

The business expense factor is the percentage of operating costs subtracted from business income. Instead of a standard expense factor of up to 50%, Money Financial Group assesses it using the Self Employment Questionnaire, which includes information on rents, labor, cost of goods sold, and other operational expenses. MFG's expense factor can be as low as 10%.

What distinguishes a bank statement loan from a traditional loan?

Traditional home loans generally require detailed documentation like tax returns, pay stubs, and W-2 forms to confirm income and financial stability. Money Financial Group’s bank statement loan, however, relies on bank statements from the past 12 or 24 months to verify income.

How does Money Financial Group manage multiple bank accounts?

MFG can evaluate personal and business bank statements from various accounts to assess your financial situation.

Must a borrower submit a loan application before submitting bank statements for review?

No full loan application is necessary to submit bank statements for review. Money Financial Group conducts a preliminary income evaluation, typically providing results within 24-48 hours.