Bank Statement Loans

Bank Statement loans are for self-employed borrowers who do not meet the income qualifications on a conforming loan, however they have high income volume. One of the main reasons that self-employed borrowers can't meet the income qualifications, is because tax write offs are highly valued as a business owner, so many write off as much as is possible.  However, when it comes time to purchase a home, they do not have much net income to show to the underwriters.  Therefore, we now need to prove their high volume of income but looking at bank statements and proving that there is sufficient income coming in every month.