top of page

Bank Statement


45 minutes

Book Now


Welcome to Grace Modern Mortgage! As you browse through our website, you'll encounter a range of mortgage options designed to cater to various home buying situations. If you're self-employed or a business owner, one of our unique offerings that may be particularly relevant to you is our Bank Statement Loan.

A Bank Statement Loan is a type of home loan where the lender reviews your bank statements rather than traditional income documentation to assess your ability to repay the loan. This option can be a lifeline for those who have a difficult time providing standard proof of income. Here are some key features of Bank Statement Loans:

  1. Tailored for Self-Employed: Bank Statement Loans are designed specifically for self-employed individuals, contractors, or business owners whose financial picture may not be fully reflected by traditional income documentation.

  2. No Tax Returns Required: Instead of requiring tax returns or W-2s, lenders will review your bank statements to verify your income, making the process more straightforward if these documents are challenging to produce.

  3. Flexible Debt-to-Income Ratio: Bank Statement Loans often allow for a higher debt-to-income ratio, providing more flexibility for borrowers with significant expenses.

  4. Variety of Property Types: Bank Statement Loans can be used for primary residences, second homes, and investment properties, offering versatility based on your needs.

  5. Various Loan Options: These loans come in a variety of forms, including fixed-rate loans and adjustable-rate loans, so you can choose the one that best fits your needs.

Now that you're familiar with the benefits of a Bank Statement Loan, it's time to move forward. Our team at Grace Modern Mortgage is here to support you every step of the way.

We invite you to Book an Appointment with one of our knowledgeable loan officers. They will delve into your unique circumstances, answer any questions you may have, and help you determine if a Bank Statement Loan is the right choice for you.

Eager to start your homebuying journey right away? Just hit the Apply Now button to complete our user-friendly online application form. It's a swift and simple way to take the first step towards owning your dream home.

At Grace Modern Mortgage, we're here to make your mortgage process as smooth as possible. Let's embark on your home ownership journey today!

bottom of page