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24-Hour Pre-Underwriting on 12-Month and 24-Month Bank Statement Mortgage

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12-Month and 24-Month Bank Statement Mortgage

Offer self-employed borrowers loan programs designed around their unique needs. LendSure’s Bank Statement Mortgage program features common-sense underwriting that considers the challenges of self-employed borrowers.  LendSure’s programs come with extensive, common-sense pre-qualifications, usually within 24 hours. You can say yes with confidence, knowing that LendSure has minimized surprises down the road.

  • All pre-qualifications are performed by experienced, in-house professionals, usually within 24 hours
  • Highly competitive rates and unsurpassed funding times
  • No one-size-fits-all calculations
  • LTV up to 90%
  • Loan amounts up to $3,500,000
  • Business bank statements and personal bank statements permitted
  • Borrower does not have to be 100% owner of the business
  • W-2 with Bank Statements combinations allowed
  • P&L statements NOT required
  • Business expense ratio as low as 10%
  • Multiple business bank accounts acceptable

Our knowledgeable Account Executives are experts in Non-QM loans and will help you find solutions for your borrowers so you can close more deals each month. Contact your LendSure Account Executive to talk through your borrower’s loan scenario.

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Bank Statement Mortgage Loans Frequently Asked Questions

How do I qualify my self-employed clients for Bank Statement mortgage loans?

You can submit 12 or 24 months of personal or business bank statements to showcase income, no tax returns or P&Ls required. This self employed mortgage program makes it easier for you to get more of your clients approved.

Can I submit both personal and business statements for review?

Yes. You can provide either personal or business bank statements, or a mix of both, even across multiple accounts. This flexibility gives you more options to qualify your clients for bank statement mortgage loans.

How does LendSure calculate the expense factor?

Instead of applying a standard ratio, we use a Self-Employment Questionnaire to evaluate your client’s actual operating costs. With expense factors as low as 10%, you’ll often be able to qualify clients for bank statement mortgage loans who wouldn’t fit elsewhere.

Do I need a full loan application before sending in bank statements?

No. You can submit bank statements on their own for an upfront income review, and our in-house pre-underwriting team usually provides feedback within 24-48 hours, giving you quick answers to see if your clients fit our self employed mortgage program.

How do Bank Statement mortgage loans help me win more deals?

These programs give brokers a way to approve clients that traditional lenders often turn away. By offering a self employed mortgage program, you can capture more business from borrowers who struggle to document income through tax returns.

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Contact Us: (888) 707-7811