{"id":1052,"date":"2021-09-23T07:19:03","date_gmt":"2021-09-23T07:19:03","guid":{"rendered":"https:\/\/crescentek.net\/projects\/church-mortgage\/?page_id=1052"},"modified":"2021-09-24T13:44:05","modified_gmt":"2021-09-24T13:44:05","slug":"bank-statement-program","status":"publish","type":"page","link":"https:\/\/nysck.com\/church-mortgage\/bank-statement-program\/","title":{"rendered":"Bank Statement Program"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; fullwidth=&#8221;on&#8221; _builder_version=&#8221;4.9.7&#8243; _module_preset=&#8221;default&#8221; global_module=&#8221;401&#8243; saved_tabs=&#8221;all&#8221; locked=&#8221;off&#8221; collapsed=&#8221;on&#8221;][et_pb_fullwidth_header title=&#8221;@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF90aXRsZSIsInNldHRpbmdzIjp7ImJlZm9yZSI6IiIsImFmdGVyIjoiIn19@&#8221; _builder_version=&#8221;4.9.7&#8243; _dynamic_attributes=&#8221;title&#8221; _module_preset=&#8221;default&#8221; title_font=&#8221;|700|||||||&#8221; title_text_align=&#8221;center&#8221; title_font_size=&#8221;60px&#8221; background_color=&#8221;rgba(0,0,0,0.4)&#8221; background_image=&#8221;https:\/\/crescentek.net\/projects\/church-mortgage\/wp-content\/uploads\/2021\/07\/home.jpg&#8221; background_position=&#8221;top_center&#8221; background_blend=&#8221;multiply&#8221; custom_padding=&#8221;80px||80px||true|false&#8221;][\/et_pb_fullwidth_header][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; disabled_on=&#8221;on|on|on&#8221; _builder_version=&#8221;4.9.7&#8243; _module_preset=&#8221;default&#8221; disabled=&#8221;on&#8221; collapsed=&#8221;on&#8221;][et_pb_row column_structure=&#8221;1_2,1_2&#8243; use_custom_gutter=&#8221;on&#8221; gutter_width=&#8221;2&#8243; _builder_version=&#8221;4.9.7&#8243; _module_preset=&#8221;default&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.9.7&#8243; _module_preset=&#8221;default&#8221;][et_pb_image src=&#8221;https:\/\/crescentek.net\/projects\/church-mortgage\/wp-content\/uploads\/2021\/07\/istockphoto-1019219898-612&#215;612-1.jpg&#8221; title_text=&#8221;istockphoto-1019219898-612&#215;612&#8243; _builder_version=&#8221;4.9.7&#8243; _module_preset=&#8221;default&#8221; border_width_all=&#8221;1px&#8221; border_color_all=&#8221;#e0e0e0&#8243;][\/et_pb_image][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.9.7&#8243; _module_preset=&#8221;default&#8221;][et_pb_text _builder_version=&#8221;4.9.7&#8243; _dynamic_attributes=&#8221;content&#8221; _module_preset=&#8221;default&#8221; text_font=&#8221;|700|||||||&#8221; text_text_color=&#8221;#000000&#8243; text_font_size=&#8221;30px&#8221; custom_margin=&#8221;||28px||false|false&#8221;]@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF90aXRsZSIsInNldHRpbmdzIjp7ImJlZm9yZSI6IiIsImFmdGVyIjoiIn19@[\/et_pb_text][et_pb_text _builder_version=&#8221;4.9.7&#8243; _module_preset=&#8221;default&#8221; text_text_color=&#8221;#000000&#8243; text_font_size=&#8221;16px&#8221; text_line_height=&#8221;1.8em&#8221; text_orientation=&#8221;justified&#8221;]<\/p>\n<p>This church loan program offers a fully fixed interest rate with no balloon and a loan term up to 20 years. This program is generally only available to churches with good credit and is not available in all areas. Personal guarantees on this loan type are not generally needed.<\/p>\n<p class=\"singletags\">\n<div id=\"fast-quote-button\"><\/div>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row disabled_on=&#8221;on|on|on&#8221; _builder_version=&#8221;4.9.7&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;||0px||false|false&#8221; disabled=&#8221;on&#8221; locked=&#8221;off&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.9.7&#8243; _module_preset=&#8221;default&#8221;][et_pb_button button_url=&#8221;https:\/\/crescentek.net\/projects\/church-mortgage\/fast-quote\/&#8221; button_text=&#8221;Get A Quote&#8221; button_alignment=&#8221;left&#8221; disabled_on=&#8221;on|on|off&#8221; _builder_version=&#8221;4.9.7&#8243; _module_preset=&#8221;default&#8221; custom_button=&#8221;on&#8221; button_text_size=&#8221;16px&#8221; button_text_color=&#8221;#FFFFFF&#8221; button_bg_color=&#8221;#bc0808&#8243; button_border_width=&#8221;0px&#8221; button_border_radius=&#8221;0px&#8221; custom_padding=&#8221;10px|36px|10px|36px|true|true&#8221; locked=&#8221;off&#8221;][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.9.10&#8243; _module_preset=&#8221;default&#8221; locked=&#8221;off&#8221; collapsed=&#8221;off&#8221;][et_pb_row column_structure=&#8221;3_5,2_5&#8243; _builder_version=&#8221;4.9.7&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;||0px||false|false&#8221; locked=&#8221;off&#8221;][et_pb_column type=&#8221;3_5&#8243; _builder_version=&#8221;4.9.7&#8243; _module_preset=&#8221;default&#8221;][et_pb_text _builder_version=&#8221;4.9.10&#8243; _module_preset=&#8221;default&#8221; header_2_font=&#8221;|700|||||||&#8221; text_orientation=&#8221;justified&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<\/p>\n<h2>Bank Statement Program<\/h2>\n<p>At Velocity Commercial Funding, we offer innovative loan programs to help you better serve your borrowers. If your clients have non-traditional income sources, our Bank Statement Program can help you get them the lending they need to achieve their real estate goals.<\/p>\n<p>What\u2019s the Velocity Commercial Funding Bank Statement Program all about? It\u2019s a program to help you provide loans for your non-traditional borrowers. Instead of requiring documentation like pay stubs or tax returns, it\u2019s based on the borrowers\u2019 monthly deposits.<\/p>\n<p><strong>What\u2019s required?<\/strong><\/p>\n<ul>\n<li>The borrower must be able to provide personal bank statements from the past 24 consecutive months.<\/li>\n<li>The borrower must prepare and provide a personal profit and loss statement for the past 24 consecutive months.<\/li>\n<li>The borrower\u2019s bank statements and P&amp;L statement should be within the range of about 10% of each other.<\/li>\n<\/ul>\n<p><strong>What\u2019s considered qualifying income?<\/strong><\/p>\n<ul>\n<li>Qualifying income can include payments transferred from business accounts, deposited directly from business accounts, deposited via an ATM from business accounts, and payroll checks.<\/li>\n<li>The amount of total qualifying income will be determined by dividing the total amount of income deposited by the total number of months bank statements provided.<\/li>\n<li>Our Velocity Commercial Funding Bank Statement Program does not require your clients to provide any tax transcripts, and multiple bank accounts may be used to validate qualifying income.<\/li>\n<\/ul>\n<p>When you have a self-employed borrower with a non-traditional income stream, don\u2019t turn them away. Contact us at Velocity Commercial Funding. We offer innovative loans to help you provide the lending solutions your self-employed clients need.<\/p>\n<p><a href=\"https:\/\/crescentek.net\/projects\/church-mortgage\/contact\/\" target=\"_blank\" rel=\"noopener\">Contact us<\/a> today at (800) 984-6830 or <a href=\"mailto:loans@churchmortgage.com\" target=\"_blank\" rel=\"noopener\">email us here<\/a> to get more information.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;2_5&#8243; _builder_version=&#8221;4.9.7&#8243; _module_preset=&#8221;default&#8221;][et_pb_image src=&#8221;https:\/\/crescentek.net\/projects\/church-mortgage\/wp-content\/uploads\/2021\/07\/2.png&#8221; title_text=&#8221;2&#8243; align=&#8221;center&#8221; module_class=&#8221;innerpage-button&#8221; _builder_version=&#8221;4.9.10&#8243; _module_preset=&#8221;default&#8221;][\/et_pb_image][et_pb_button button_url=&#8221;https:\/\/crescentek.net\/projects\/church-mortgage\/stated-income-loans\/&#8221; button_text=&#8221;Stated Income Loans&#8221; button_alignment=&#8221;center&#8221; module_class=&#8221;innerpage-button&#8221; _builder_version=&#8221;4.9.10&#8243; _module_preset=&#8221;default&#8221; custom_button=&#8221;on&#8221; button_text_size=&#8221;16px&#8221; button_text_color=&#8221;#FFFFFF&#8221; button_bg_color=&#8221;#bc0808&#8243; button_border_width=&#8221;0px&#8221; button_border_radius=&#8221;0px&#8221; custom_margin=&#8221;||10px||false|false&#8221; custom_padding=&#8221;10px||10px||false|false&#8221; global_module=&#8221;1046&#8243; saved_tabs=&#8221;all&#8221;][\/et_pb_button][et_pb_button button_url=&#8221;@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9wYWdlIiwic2V0dGluZ3MiOnsicG9zdF9pZCI6IjEwNDcifX0=@&#8221; button_text=&#8221;Fix and Flip Loans&#8221; button_alignment=&#8221;center&#8221; module_class=&#8221;innerpage-button&#8221; _builder_version=&#8221;4.9.10&#8243; _dynamic_attributes=&#8221;button_url&#8221; _module_preset=&#8221;default&#8221; custom_button=&#8221;on&#8221; button_text_size=&#8221;16px&#8221; button_text_color=&#8221;#FFFFFF&#8221; button_bg_color=&#8221;#bc0808&#8243; button_border_width=&#8221;0px&#8221; button_border_radius=&#8221;0px&#8221; custom_margin=&#8221;||10px||false|false&#8221; custom_padding=&#8221;10px||10px||false|false&#8221; global_module=&#8221;1051&#8243; saved_tabs=&#8221;all&#8221;][\/et_pb_button][et_pb_button button_url=&#8221;https:\/\/crescentek.net\/projects\/church-mortgage\/bank-statement-program\/&#8221; button_text=&#8221;Bank Statement Program&#8221; button_alignment=&#8221;center&#8221; module_class=&#8221;innerpage-button&#8221; _builder_version=&#8221;4.9.10&#8243; _module_preset=&#8221;default&#8221; custom_button=&#8221;on&#8221; button_text_size=&#8221;16px&#8221; button_text_color=&#8221;#FFFFFF&#8221; button_bg_color=&#8221;#bc0808&#8243; button_border_width=&#8221;0px&#8221; button_border_radius=&#8221;0px&#8221; custom_margin=&#8221;||10px||false|false&#8221; custom_padding=&#8221;10px||10px||false|false&#8221; global_module=&#8221;1055&#8243; saved_tabs=&#8221;all&#8221;][\/et_pb_button][et_pb_button button_url=&#8221;https:\/\/crescentek.net\/projects\/church-mortgage\/foreign-investor-loan\/&#8221; button_text=&#8221;Foreign Investor Loan&#8221; button_alignment=&#8221;center&#8221; module_class=&#8221;innerpage-button&#8221; _builder_version=&#8221;4.9.10&#8243; _module_preset=&#8221;default&#8221; custom_button=&#8221;on&#8221; button_text_size=&#8221;16px&#8221; button_text_color=&#8221;#FFFFFF&#8221; button_bg_color=&#8221;#bc0808&#8243; button_border_width=&#8221;0px&#8221; button_border_radius=&#8221;0px&#8221; custom_margin=&#8221;||10px||false|false&#8221; custom_padding=&#8221;10px||10px||false|false&#8221; global_module=&#8221;1059&#8243; saved_tabs=&#8221;all&#8221;][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This church loan program offers a fully fixed interest rate with no balloon and a loan term up to 20 years. This program is generally only available to churches with good credit and is not available in all areas. Personal guarantees on this loan type are not generally needed. Bank Statement Program At Velocity Commercial [&hellip;]<\/p>\n","protected":false},"author":1,"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-1052","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/nysck.com\/church-mortgage\/wp-json\/wp\/v2\/pages\/1052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nysck.com\/church-mortgage\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/nysck.com\/church-mortgage\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/nysck.com\/church-mortgage\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nysck.com\/church-mortgage\/wp-json\/wp\/v2\/comments?post=1052"}],"version-history":[{"count":4,"href":"https:\/\/nysck.com\/church-mortgage\/wp-json\/wp\/v2\/pages\/1052\/revisions"}],"predecessor-version":[{"id":1134,"href":"https:\/\/nysck.com\/church-mortgage\/wp-json\/wp\/v2\/pages\/1052\/revisions\/1134"}],"wp:attachment":[{"href":"https:\/\/nysck.com\/church-mortgage\/wp-json\/wp\/v2\/media?parent=1052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}