{"id":2508,"date":"2025-04-18T15:10:39","date_gmt":"2025-04-18T15:10:39","guid":{"rendered":"https:\/\/nysck.com\/bankstatementmortgage.com\/?page_id=2508"},"modified":"2025-04-18T15:15:56","modified_gmt":"2025-04-18T15:15:56","slug":"purchase","status":"publish","type":"page","link":"https:\/\/nysck.com\/bankstatementmortgage.com\/purchase\/","title":{"rendered":"Purchase"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;||6px|||&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row column_structure=&#8221;2_3,1_3&#8243; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; max_width=&#8221;1240px&#8221; custom_padding=&#8221;||60px|||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;2_3&#8243; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;||||||||&#8221; text_text_color=&#8221;#000000&#8243; text_font_size=&#8221;35px&#8221; header_2_text_color=&#8221;#000000&#8243; header_2_font_size=&#8221;34px&#8221; custom_margin=&#8221;||0px|||&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>Purchase a Property Using Bank Statements<\/h2>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;16px&#8221; link_text_color=&#8221;#0b8cb7&#8243; link_font_size=&#8221;16px&#8221; text_orientation=&#8221;justified&#8221; custom_margin=&#8221;||-3px|||&#8221; custom_padding=&#8221;18px||20px||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>As a leader in the <a href=\"https:\/\/www.bankstatementmortgage.com\/\">bank statement mortgage<\/a> program, we cater to the self-employed borrower. These types of borrowers have a difficult time qualifying for a mortgage loan using the traditional income verification process. We have solutions for these self-employed borrowers. One of the requirements to qualify for a bank statement mortgage is to be self-employed for at least <a href=\"https:\/\/www.bankstatementmortgage.com\/24-months\/\">24 months<\/a>. Even if we do offer a <a href=\"https:\/\/www.bankstatementmortgage.com\/3-months\/\" >3-month<\/a> bank statement program still the borrower needs to show proof of 2 years of self-employment.<\/p>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;16px&#8221; text_orientation=&#8221;justified&#8221; custom_margin=&#8221;-19px|||||&#8221; custom_padding=&#8221;18px|||||&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><strong>If you are in the market to purchase a property here is what is needed to get you financing:<\/strong><\/p>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;16px&#8221; text_orientation=&#8221;justified&#8221; custom_margin=&#8221;-15px||||false|false&#8221; custom_padding=&#8221;20px|||||&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<ul>\n<li>10% down payment is required with a minimum score of 660.<\/li>\n<li>We offer loans ranging from $100,000 to $5,000,000.<\/li>\n<li>For business or personal bank statements, we require a minimum of 12 or 24 months.<\/li>\n<li>If you have experienced foreclosure, short sale, bankruptcy, or deed-in-lieu, we require a seasoning period of two years.<\/li>\n<li>If you are self-employed, we require a minimum of two years of self-employment.<\/li>\n<li>For business bank statements, you can own as little as 50% of the business, and for personal bank statements, you can own as little as 25%.<\/li>\n<li>Our loans are available for owner-occupied properties, second homes, and non-owner-occupied properties.<\/li>\n<li>We also offer a 30-year fixed loan with a 10-year interest-only option.<\/li>\n<li>Most loans will be qualified based on an expense factor of 50%. However, companies with a lower expense factor will require a statement from a third-party CPA or tax preparer. Some industries with traditionally higher expense factors will be underwritten with a 70% expense factor.<\/li>\n<li>We allow non-warrantable condos.<\/li>\n<\/ul>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;16px&#8221; link_text_color=&#8221;#0b8cb7&#8243; link_font_size=&#8221;16px&#8221; text_orientation=&#8221;justified&#8221; custom_margin=&#8221;-32px||||false|false&#8221; custom_padding=&#8221;18px|||||&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>We offer a quick and easy way to <a href=\"https:\/\/www.bankstatementmortgage.com\/how-bank-statement-loans-are-calculated\/\">calculate<\/a> income using bank statements. All you have to do is send us the bank statements and we\u2019ll average the deposits over a 12 or 24-month period, the calculations are done within 24 hours, which means that within a day we can give you the monthly income that we can use for qualifications and a max of 50% DTI is in effect.<\/p>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; text_font_size=&#8221;16px&#8221; link_text_color=&#8221;#0b8cb7&#8243; link_font_size=&#8221;16px&#8221; text_orientation=&#8221;justified&#8221; custom_margin=&#8221;-15px||50px||false|false&#8221; custom_padding=&#8221;18px|||||&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><a href=\"https:\/\/www.bankstatementmortgage.com\/contact\/\">Contact<\/a> us about how you can qualify for a purchase transaction using bank statements to qualify.<\/p>\n<p>[\/et_pb_text][et_pb_button button_url=&#8221;https:\/\/www.bankstatementmortgage.com\/fast-quote\/&#8221; button_text=&#8221;Fast Quote&#8221; button_alignment=&#8221;center&#8221; admin_label=&#8221;Fast Quote&#8221; module_class=&#8221;btn-fast-quote&#8221; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; custom_button=&#8221;on&#8221; button_text_size=&#8221;16px&#8221; button_text_color=&#8221;#03045E&#8221; button_bg_color=&#8221;#FFD35D&#8221; button_border_width=&#8221;0px&#8221; button_border_color=&#8221;RGBA(255,255,255,0)&#8221; button_border_radius=&#8221;7px&#8221; button_font=&#8221;Montserrat Alternates|700|||||||&#8221; button_use_icon=&#8221;off&#8221; custom_margin=&#8221;||||false|false&#8221; custom_padding=&#8221;3px|30px|3px|30px|true|true&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_button][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/nysck.com\/bankstatementmortgage.com\/wp-content\/uploads\/2025\/04\/Bank-Statement-Mortgage-Program.png&#8221; alt=&#8221;Bank Statement Mortgage Program Purchase&#8221; title_text=&#8221;Bank Statement Mortgage Program&#8221; url=&#8221;https:\/\/www.bankstatementmortgage.com\/contact\/&#8221; _builder_version=&#8221;4.26.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Purchase a Property Using Bank StatementsAs a leader in the bank statement mortgage program, we cater to the self-employed borrower. These types of borrowers have a difficult time qualifying for a mortgage loan using the traditional income verification process. We have solutions for these self-employed borrowers. One of the requirements to qualify for a bank [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-2508","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/nysck.com\/bankstatementmortgage.com\/wp-json\/wp\/v2\/pages\/2508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nysck.com\/bankstatementmortgage.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/nysck.com\/bankstatementmortgage.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/nysck.com\/bankstatementmortgage.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/nysck.com\/bankstatementmortgage.com\/wp-json\/wp\/v2\/comments?post=2508"}],"version-history":[{"count":6,"href":"https:\/\/nysck.com\/bankstatementmortgage.com\/wp-json\/wp\/v2\/pages\/2508\/revisions"}],"predecessor-version":[{"id":2519,"href":"https:\/\/nysck.com\/bankstatementmortgage.com\/wp-json\/wp\/v2\/pages\/2508\/revisions\/2519"}],"wp:attachment":[{"href":"https:\/\/nysck.com\/bankstatementmortgage.com\/wp-json\/wp\/v2\/media?parent=2508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}