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Bank Statement Loan

The Bank Statement mortgage option evaluates a borrower's financial health by assessing their bank statements, rather than relying on traditional income documentation, to determine loan eligibility.

Bank Statement Mortgage Option


If you have substantial deposits and consistent cash flow in your bank accounts but lack traditional income documentation, the Bank Statement mortgage option might be suitable for you. Grace Modern Mortgage will review your bank statements, usually spanning 12 to 24 months, to assess your financial health and income. This approach can be especially helpful for freelancers, entrepreneurs, or those with variable income, as it provides a broader view of your financial standing, allowing you to qualify for a home loan based on your actual cash flow rather than conventional income documents.


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