– Bank statement loans were created for self employed individuals who cannot document their income and need help qualifying for a mortgage. These borrowers may qualify for a mortgage using bank statements instead of tax returns as a way to verify income.
FHA takes steps to streamline reverse mortgage underwriting – In 2014, the Federal housing administration released updated guidelines for underwriting reverse mortgage loans. and employment so they do not have to collect paystubs, W-2s and bank statements.
Bank Statement Home Loans – RK Mortgage Group – Bank statement loans for self employed borrowers have returned following the housing crisis and could be the answer you need for mortgage approval. Here are several tips to help simply the process of getting your bank statement mortgage approved. Bank Statement Home Loans for Self Employed Borrowers