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How to qualify for a mortgage without tax returns, w2s or 1099s.
DDA Mortgage • Mar 14, 2022
Bank statement loans are a great option if you have a lot of write-offs on your 2021 or 2022 taxes, if you don't have enough money on paper to qualify for a loan, or if you aren't a typical W2 employee.
How does a bank statement loan work?
The bank statement loan is a loan program that uses 12 months of business bank statements. In this particular program, we don't need a letter from your CPA, we don't need a profit and loss statement, we don't need tax returns, we don't need W2s, we don't need 1099s.
Here are the do needs and don't needs.
You Do Need:
- 12 months of bank statements
- To show monthly deposits into the account
You Don't Need:
- A letter from your CPA
- A profit and loss statement
- Tax returns
- W2s
- 1099s
You can buy a home with 10% down, up to 1 million dollars. These programs depend on the lender and are subject to change at any time. So, if yo are interested, please compete the form below, and we will let you know if the program is available and when we might expect terms to change. For more information about DDA mortgage, check out our reviews below.
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