Bank Statement Loans

Bank statement loans allow you to apply for a mortgage using 12 or 24 months of personal or business bank statements to prove income – not traditional pay stubs, tax returns, or W-2s. This makes Bank Statement Loans a perfect option for self-employed borrowers who may not qualify through the conventional income documentation.

At Chris Doering Mortgage, we help homebuyers decide which home loan program is right for you. To speak to one of our loan experts about bank statement loans in Gainesville, Florida and the surrounding area, get in touch today.

Bank Statement Loan Requirements

Down Payment – A bank statement loan offers flexible down payment options compared to other home loan programs. Typical options are 10%, 15%, and 20% of the loan.
Credit Score – Your credit score is a heavily weighted factor in your application for a bank statement loan. A minimum credit score of 660 is required to qualify for a bank statement loan
Steady Income – 12 months of steady income through personal or business bank statements must be shown to qualify for a bank statement loan.

Why Choose a Bank Statement Loan?

Bank statement loans offer competitive rates compared to other loan options.

Self-employed individuals, small business owners, entrepreneurs, freelancers, and gig workers are great candidates for this loan type.

There are a variety of repayment plans for a bank statement loan. Different repayment terms offer more competitive interest rates.

How to Apply in Florida

If you think you may be eligible for a conventional loan, call Chris Doering Mortgage, located in Gainesville, Florida. We are home buying experts and can help you every step of the way when purchasing a new home.

To learn more about bank statement loans and how you can apply, contact us today!

Bank Statement Loans

Bank Statement Loan Requirements

Why Choose a Bank Statement Loan?

Competitive Interest Rates

Perfect for Self-Employed Individuals

Flexible Terms

How to Apply in Florida