Mortgages for Self Employed - Bank Statement Loan Program

Self-employed borrowers have often had a tougher time obtaining mortgage financing under the traditional full documentation program requirements.  Today, for self-employed borrowers that are the sole owners of their business, we now have a very flexible bank statement program to help them obtain a mortgage loan at competitive terms.  Use your bank statements to qualify with relative ease instead of your Federal tax returns. This particular program provides flexibility in qualifying and also flexibility with major credit events with reestablished and/or reaffirmed credit over the past two years. 

Program allowances:

  • 90% LTV financing with No PMI (self-insured above 80% LTV)
  • Loans up to $3 million
  • Interest Only payment options (IO)
  • First time homebuyers are allowed with some restrictions.
  • Available only two years after derogatory credit events such as bankruptcy, short sale, deed in lieu, or property foreclosure.

Program Requirements:

  • 12 months personal bank statement or 24 month business bank statements at your option.
    • Self-employed income will be isolated and averaged on the selected statements to determine a qualifying income for the loan.
    • An accountant letter will be required to verify ownership of the business.
    • There are no tax returns or transcripts required on this program.

This program is a terrific tool for self-employed business owners when it comes to qualifying for a loan. Please contact us directly for further details and to see if this option is a good fit for your financing needs.  Licensed in Virginia, Maryland, DC, and Pennsylvania.

*  We offer both QM and Non QM Loans in this category.

See our blog for a great success story of a recent Self-Employed Borrower.  

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Jefferson Mortgage Group LLC

2536 Leeds Rd.
Oakton, Virginia 22124
FAX: 703-773-6946
NMLS: 935554

Located in Fairfax County, Virginia. Serving all of Virginia, Maryland, DC & Pennsylvania. 


Jefferson Mortgage Group LLC is licensed in Virginia, Maryland, DC & Pennslvania.
Virginia State Corporation Commission License Number MC-5659 and the Pennsylvania Department of Banking & Securities #46259 
The DC Department of Insurance, Securities, and Banking License #MLB935554
Maryland DLLR License #21586

An Equal Housing Lender

By refinancing the consumer's existing loan, the consumer's total finance charges may be higher over the life of the loan.

This material is not from HUD or FHA and has not been approved by HUD or any government agency.