If you're a business owner, freelancer, or 1099 contractor in the Dallas-Fort Worth area, you know that your tax returns don't always tell the whole story of your financial success.
What is a Bank Statement Loan?
A Bank Statement Loan allows you to qualify for a mortgage based on the actual cash flow of your business rather than your taxable income. We typically look at 12 to 24 months of personal or business bank statements to calculate your qualifying income. This approach provides a much more accurate picture of your ability to afford a home.
"Traditional lenders see deductions as a weakness. We see them as smart business. Our bank statement programs focus on your actual deposits, not your tax-adjusted bottom line."
Who is this for?
This program is ideal for DFW entrepreneurs who have significant business expenses that reduce their taxable income. Whether you're a consultant in Plano, a restaurant owner in Fort Worth, or a tech founder in Dallas, this product is designed to recognize your hard work and financial stability.
What are the requirements?
While you don't need W-2s, you will still need to demonstrate a solid financial history:
- Credit Score: Typically 660 or higher.
- Down Payment: Often requires 10-20% down.
- Business History: At least 2 years in the same industry.
Why Choose Parisi Mortgage Group?
I specialize in "outside the box" financing. I understand that the DFW economy is driven by small businesses and independent professionals. I'll work with you to find the program that best fits your unique situation, ensuring you can secure the home you want without the headache of traditional qualification hurdles.
Don't let your tax returns hold you back from homeownership. Let's talk about our self-employed loan options today.
