Self Employed Bank Statement Loans in Tacoma
This home loan option in Tacoma is great for Self Employed Individuals who can show consistent deposits on thier business bank statements vs tax returns.
We have a variety of options to use 12 or 24 months of business bank statements to calculate income. We will take the monthly average deposits over 12 or 24 months, apply an expense ratio ( most common is 50%) and then use the remainder as your gross monthly income for qualification purposes.
This program has been a succesful tool for helping self employed borrowers with complicated tax returns. For more information on this program, give us a call at 253-472-1500 to discuss. Kevin Tinsley NMLS ID 108542 Mortgage Broker
* Specific loan program availability and requirements may vary. Please get in touch with the mortgage advisor for more information.