1 month bank statement loan Archives

Overview: Bank statement loans have become a game-changer for self-employed borrowers in 2024. These loans use bank statements, rather than traditional income verification methods, to assess a borrower's income.
Why They're Trending: With the rise of gig economy and freelance work, traditional income documentation does not always capture the true earning potential of self-employed individuals. Bank statement loans address this gap.

Introduction As we move through 2024, the mortgage industry continues to evolve, catering to a diverse range of borrowers. Among the most significant developments is the rising prominence of Non-Qualified Mortgage (Non-QM) loan programs. These programs are designed to provide...