what we offer

Bank Statement Loans

Choosing us you choose a closed loan

We can help you find the right bank statement home loan based on your unique situation. Income qualify off of 12 or 24 month bank statements.

Make your first step

If you face buying a home for the first time, our professional Non-QM loan specialists are ready to introduce this sphere to you. 

Everest Funding: Your Solution for Bank Statement Loans

Are you self-employed and facing challenges securing a traditional mortgage? Conventional lenders often require tax returns and W-2s as proof of income and financial stability, but self-employed individuals may not have access to these standard forms of documentation. This is where Everest Funding comes in, offering Bank Statement Loans, a Non-QM financing solution specifically designed for self-employed borrowers.

With Bank Statement Loans, borrowers can use their personal or business bank statements to demonstrate their ability to repay the loan. This flexible financing option allows self-employed individuals to achieve their dream of homeownership, even if they don’t have access to traditional forms of documentation.

12-Month and 24-Month Bank Statement Options

At Everest Funding, we understand that each self-employed individual’s financial situation is unique. That’s why we offer both 12-month and 24-month bank statement options, so you can choose the one that works best for your financial situation.

The 12-month program is best suited for individuals with stable and consistent income. With this program, we consider the average monthly deposit in your personal or business bank account over the past 12 months.

If your income is more fluctuating, the 24-month program may be a better fit. This option provides a broader view of your financial stability, considering the average monthly deposit in your personal or business bank account over the past 24 months.

Using Business Bank Statements

If you are using business bank statements to qualify, your expense ratio will also be considered. Our experienced loan officers will work with you to understand your business and its specific expense ratios, providing a customized solution that meets your financial needs.

Expense ratios are crucial in determining your ability to repay the loan. For example, a business in the service industry may have a lower expense ratio compared to a manufacturing business, which may have higher overhead costs. Our loan officers will work with you to determine the best solution for your business.

The Growing Demographic of Self-Employed Business Owners

Self-employed individuals are a growing demographic in the US, and it’s important for the mortgage industry to keep up with this trend. With the rise of gig economy jobs and the entrepreneurial spirit, more and more people are choosing self-employment as their career path.

At Everest Funding, we understand the challenges self-employed individuals face when trying to secure a mortgage. That’s why we offer flexible financing options that cater to their specific financial situation, making the home buying process a stress-free experience.

Competitive Rates and Terms

At Everest Funding, we believe self-employed individuals deserve access to affordable and reliable financing options. Our Bank Statement Loan program offers competitive rates and terms, making it easier for you to achieve your dream of homeownership.

Our rates are transparent and competitive, giving you peace of mind and the confidence to make an informed decision. Our loan terms are flexible, allowing you to choose a repayment period that meets your specific financial needs.

Exceptional Customer Service

We are dedicated to providing exceptional customer service and ensuring a smooth and stress-free loan process. Our team of experienced loan officers will work with you every step of the way, from pre-approval to closing.

We understand that securing a mortgage can be a complex and confusing process, but we are here to help. Our loan officers are knowledgeable and experienced, providing you with the guidance and support you need to make the best decision for your financial future.

The Benefits of Bank Statement Loans

Bank Statement Loans offer a variety of benefits for self-employed individuals, including:

  • No Traditional Income Verification: Bank statement loans do not require traditional income verification, making them a great option for self-employed individuals who may not have a traditional pay stub or W-2.

  • Alternative Qualification: Bank statement loans offer an alternative qualification method for those who may not meet traditional income requirements or have a high debt-to-income ratio.

  • Flexible Loan Amounts: Bank statement loans allow borrowers to qualify for higher loan amounts, giving them more flexibility in their home financing options.

  • Reduced Paperwork: Bank statement loans eliminate the need for tax returns, W-2s, and other traditional income documentation, reducing the amount of paperwork required for approval.

  • Quick Approval: With fewer requirements, bank statement loans can often be approved more quickly than traditional loans, allowing borrowers to close on their home purchase faster.

  • Reduced Stress: The alternative qualification method offered by bank statement loans can reduce the stress and uncertainty of the loan approval process for self-employed individuals.

  • Increased Loan Options: Bank statement loans can increase loan options for self-employed individuals, allowing them to find a mortgage solution that meets their financial needs.

  • Better Rates: Bank statement loans often come with competitive interest rates, making them an attractive option for those looking to finance their home.

  • Improved Cash Flow: By eliminating the need for traditional income verification, bank statement loans can improve a self-employed individual’s cash flow.

  • Personalized Service: At Everest Funding, we believe in providing personalized service to each and every one of our clients. Our loan officers are dedicated to helping you find the right loan solution for your unique financial situation.

Get Started Today by filling out our secure digital application.

Don’t let your self-employed status hold you back from achieving your financial goals.

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