Seeking information for self-employed borrowers regarding any existing nationwide mortgage programs that use/allow two years bank statements in lieu of tax returns to show the borrower's income?

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Ron Tissier, Defining Homes. Defining Lifestyles. (Chapman Hall Premier Realtors (404) 580-9069)

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Kathleen Daniels, Probate & Trust Specialist

KD Realty - 408.972.1822 - San Jose, CA

Probate Real Estate Services

Looks like you have your answer. AR has many great lenders that hopefully will read this and provide more options as well.

Jan 21, 2016 11:51 PM

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Roy Kelley

Gaithersburg, MD

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Mike Rock

Complete Design - Granite Bay, CA

Granite Bay Luxury New Construction...For Less

harjeet is correct. angel oak does. many brokers rep for them

Jan 21, 2016 11:18 PM

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Roy Kelley

Gaithersburg, MD

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Harjeet Bhatti

FITH THIRD BANK - Chicago, IL

Home Mortgage Consultant 25 States

You can use Angel Oak. They have program for self-employed borrower for 24 month bank statements. I can give you our company rep name and phone# or You can go directly to their website.

Jan 21, 2016 11:17 PM

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Roy Kelley

Gaithersburg, MD

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Bob Crane

Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI

Forestland Experts! 715-204-9671

Hope you found the right lender.

Apr 14, 2019 10:59 PM

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Patricia Kennedy

RLAH Real Estate - Washington, DC

Home in the Capital

I think they like to see the tax returns to make sure that you filed them.

Jan 22, 2016 09:57 AM

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Tammy Lankford,

Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA

Broker GA Lake Sinclair/Eatonton/Milledgeville

I have a stated loan income where I provided nothing. Not sure anyone is doing those right now, but I've never been late on my mortgage.

Jan 22, 2016 08:27 AM

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Gita Bantwal

RE/MAX Centre Realtors - Warwick, PA

REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You have the answers.

Jan 22, 2016 06:08 AM

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Scott Lawson

America's Home loans - Santa Rosa, Petaluma Mortgage Broker - Santa Rosa, CA

Mortgage Broker FHA, VA, refinance or purchase

There are several and many more coming soon

Angel Oak
Citadel Servicing
IFFG

Depending on credit profile, you can get as little as 10% down on a purchase. 2 year average of deposits on either business or personal bank statements. 50% of the average deposits for business--100% for personal--NSFs can be a problem, so watch for those. The business must be 100% owned by the borrower and will require a CPA letter to corroborate. A letter explaining the business will also be required.

IFFG seems to be the most aggressive on rates. I've seen them into the 4's recently. They also have programs for folks with recent bankruptcy and foreclosure--1 day out if there is a significant down payment.

Jan 21, 2016 11:52 PM

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Looks like you have your answer. AR has many great lenders that hopefully will read this and provide more options as well.
harjeet is correct. angel oak does. many brokers rep for them
You can use Angel Oak. They have program for self-employed borrower for 24 month bank statements. I can give you our company rep name and phone# or You can go directly to their website.
I think they like to see the tax returns to make sure that you filed them.
I have a stated loan income where I provided nothing. Not sure anyone is doing those right now, but I've never been late on my mortgage.
There are several and many more coming soon

Angel Oak

Citadel Servicing

IFFG

Depending on credit profile, you can get as little as 10% down on a purchase. 2 year average of deposits on either business or personal bank statements. 50% of the average deposits for business--100% for personal--NSFs can be a problem, so watch for those. The business must be 100% owned by the borrower and will require a CPA letter to corroborate. A letter explaining the business will also be required.

IFFG seems to be the most aggressive on rates. I've seen them into the 4's recently. They also have programs for folks with recent bankruptcy and foreclosure--1 day out if there is a significant down payment.