bank statement mortgage loan

OPTIMISM GROWS IN 2024, MORE AMERICANS LOOKING TO GET A MORTGAGE LOAN THIS YEAR

12/24 MONTHS BANK STATEMENTS LOAN - photo graphics man choosing shade of color at desk

12/24 Months Bank Statements Loan: Alternative Lending Services for Self-Employed Individuals

12/24 Months Bank Statements Loan: Alternative Lending Services for Self-Employed Individuals

Loan Consulting Pro is proud to offer a range of alternative financingoptions, including a 12/24 months bank statement loan. If you are aself-employed individual who is not qualified for a traditional loan, considerthis lending option.

With a 12/24 Month Bank Statement loan you do not have to supply anytax returns; instead, all we need are 12 or 24 months of your personal and/orbusiness bank statements.

Loan Consulting Pro is proud to offer a range of alternative financingoptions, including a 12/24 months bank statement loan. If you are aself-employed individual who is not qualified for a traditional loan, considerthis lending option.

With a 12/24 Month Bank Statement loan you do not have to supply anytax returns; instead, all we need are 12 or 24 months of your personal and/orbusiness bank statements.

PROS & CONS OF A
SECURED BUSINESS LOAN

PROS & CONS OF A SECURED BUSINESS LOAN

The main difference between a secured and unsecured loan is the added condition of asset-based collateral. Collateral acts as an insurance policy for lenders to protect themselves in case loan payments go unpaid.

For the borrower, collateral can be an advantageous tool towards acquiring an affordable loan. Collateral can also enable business owners to borrow more money. However, if a business fails to pay back the loan, the lender can seize their assets in return, leaving business owners in an increasingly vulnerable position.

So, if you are in the market for a business loan, make sure that you can afford to repay the loan before signing any documents.

PROS & CONS OF A SECURED BUSINESS LOAN - photo graphics woman holding paper with cons and pros written on it

12/24 Months Bank Statements Loan:
How to Qualify

BANK STATEMENTS LOAN: HOW TO QUALIFY - photo graphics pointing pen at graphs on tablet
  • Be self-employed for 2+ years and/or be in business for 2+ years
  • Show 12-24 months of your personal and/or business bank statements
  • 600+ credit score
  • 10% down payment
  • Have at least 3 months of cash reserves
  • Letter from licensed tax preparer
  • 50%+ in business ownership

12/24 Months Bank Statements Loan:
The Features

A 12/24 Months Bank Statements Loan is designed for self-employedindividuals who may not be able to secure a conventional loan.

The main difference between a secured and unsecured loan is the added condition of asset-based collateral. Collateral acts as an insurance policy for lenders to protect themselves in case loan payments go unpaid.

For the borrower, collateral can be an advantageous tool towards acquiring an affordable loan. Collateral can also enable business owners to borrow more money. However, if a business fails to pay back the loan, the lender can seize their assets in return, leaving business owners in an increasingly vulnerable position.

So, if you are in the market for a business loan, make sure that you can afford to repay the loan before signing any documents.

PROS & CONS OF A SECURED BUSINESS LOAN - photo graphics woman holding paper with cons and pros written on it

12/24 Months Bank Statements Loan:
How to Qualify

BANK STATEMENTS LOAN: HOW TO QUALIFY - photo graphics pointing pen at graphs on tablet
  • Be self-employed for 2+ years and/or be in business for 2+ years
  • Show 12-24 months of your personal and/or business bank statements
  • 600+ credit score
  • 10% down payment
  • Have at least 3 months of cash reserves
  • Letter from licensed tax preparer
  • 50%+ in business ownership

12/24 Months Bank Statements Loan:
The Features

A 12/24 Months Bank Statements Loan is designed for self-employedindividuals who may not be able to secure a conventional loan.

Up to $4 million
max loan amount,
$1 million max
cash-on-hand

Fixed or
adjustable rate interest

Bank deposits are viewed as income

Owner-occupied,
second homes and condos allowed

Available for those faced bankruptcy or foreclosure over 12 months ago

Higher DTI ratio
is allowed

LOAN CONSULTING PRO - photo graphics consultant explaining contract terms

HAVE ANY QUESTIONS?
READY TO APPLY?

Fill out our easy online form and a member of our team will get backto you shortly.

LOAN CONSULTING PRO - photo graphics consultant explaining contract terms

HAVE ANY QUESTIONS? READY TO APPLY?

Fill out our easy online form and a member of our team will get backto you shortly.

12/24 MONTHS BANK STATEMENTS LOAN PROGRAM - photo graphics loan

LOAN CONSULTING PRO’S 12/24 MONTHS
BANK STATEMENTS LOAN PROGRAM

Loan Consulting Pro is a digital lending service that offers a rangeof loan options for all kinds of applicants. Regardless of your tax returnsituation, we can develop a funding solution for you.

We provide loan consulting services to connect our clients to theoptimal bank statement loan for their situation. We strive to help our clientsimprove their chances at securing an affordable loan.
We can assist you with all aspects of the loan application process andhelp you compile all the necessary documents.

12/24 MONTHS BANK STATEMENTS LOAN PROGRAM - photo graphics loan

LOAN CONSULTING PRO’S 12/24 MONTHS
BANK STATEMENTS LOAN PROGRAM

Loan Consulting Pro is a digital lending service that offers a rangeof loan options for all kinds of applicants. Regardless of your tax returnsituation, we can develop a funding solution for you.

We provide loan consulting services to connect our clients to theoptimal bank statement loan for their situation. We strive to help our clientsimprove their chances at securing an affordable loan.
We can assist you with all aspects of the loan application process andhelp you compile all the necessary documents.

Below are some frequently asked questions regarding our 12/24 BankStatements loan program. If your question is not answered here, do not hesitateto contact us directly.

12/24 Months BankStatements F.A.Q

WHAT IS A BANK STATEMENT LOAN?

A bank statement loan is an alternative lending service that looks at income deposited into your bank account rather than at your tax returns. In some cases, tax returns may not be the best way to showcase an applicant’s loan eligibility and income.

DOES A BANK STATEMENT LOAN COUNT AS A SUBPRIME LOAN?

A Bank Statement loan is a special type of non-QM loan specifically designed for high-earning self-employed individuals. A Bank Statement loan isNOT a subprime loan, it is a secondary-market loan known as a non-qualified mortgage (non-QM).

SHOULD I SUBMIT12 MONTHS OR 24 MONTHS OF BANK STATEMENTS?

This will largely depend on the profit/loss margins of the business over the past two years. If the businesses struggled due to a force majeure like COVID or an unusual seasonal slump, it may be preferable to submit bank statements that show a larger range of business income & profitability.Talk to our team and we can help you decide the best path forward.

WHAT LETTER FROMA LICENSED TAX PREPARER DO I NEED?

To apply for our Bank Statement Loan, you will need to provide a letter from any licensed tax preparer who can verify the legitimacy of certain aspects about your business. For instance, your profit/loss statements, how long you’ve been in business and your ownership of the business. The preparer must provide their license number.

WHO ARE BANK STATEMENT LOANS FOR?

Bank Statement loans are designed for business owners who are classified as self-employed. If you are self-employed, but not a business owner, you may wish to consider a 1099 loan instead. A 1099 loan is available for independent contractors who do not own their business.
Bank Statement Loans are especially ideal for people who may not earn a stable income, or do not earn income in a way that can be proved with traditional pay stubs.
In general, bank statement loans can be ideal for freelancers, consultants, real Estate Investors, small business owners, lawyers and soon.

Below are some frequently asked questions regarding our 12/24 BankStatements loan program. If your question is not answered here, do not hesitateto contact us directly.

12/24 Months BankStatements F.A.Q

WHAT IS A BANK STATEMENT LOAN?

A bank statement loan is an alternative lending service that looks at income deposited into your bank account rather than at your tax returns. In some cases, tax returns may not be the best way to showcase an applicant’s loan eligibility and income.

DOES A BANK STATEMENT LOAN COUNT AS A SUBPRIME LOAN?

A Bank Statement loan is a special type of non-QM loan specifically designed for high-earning self-employed individuals. A Bank Statement loan isNOT a subprime loan, it is a secondary-market loan known as a non-qualified mortgage (non-QM).

SHOULD I SUBMIT12 MONTHS OR 24 MONTHS OF BANK STATEMENTS?

This will largely depend on the profit/loss margins of the business over the past two years. If the businesses struggled due to a force majeure like COVID or an unusual seasonal slump, it may be preferable to submit bank statements that show a larger range of business income & profitability.Talk to our team and we can help you decide the best path forward.

WHAT LETTER FROMA LICENSED TAX PREPARER DO I NEED?

To apply for our Bank Statement Loan, you will need to provide a letter from any licensed tax preparer who can verify the legitimacy of certain aspects about your business. For instance, your profit/loss statements, how long you’ve been in business and your ownership of the business. The preparer must provide their license number.

WHO ARE BANK STATEMENT LOANS FOR?

Bank Statement loans are designed for business owners who are classified as self-employed. If you are self-employed, but not a business owner, you may wish to consider a 1099 loan instead. A 1099 loan is available for independent contractors who do not own their business.
Bank Statement Loans are especially ideal for people who may not earn a stable income, or do not earn income in a way that can be proved with traditional pay stubs.
In general, bank statement loans can be ideal for freelancers, consultants, real Estate Investors, small business owners, lawyers and soon.

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Address:
9101 ALTA DR UNIT 1801,
LAS VEGAS, NV 89145,
LOAN CONSULTING LLC

155 Oceana Drive East,
Apt PH 2D,
Brooklyn NY 11235

Phone: +1 (877) 355-8965