Bank Statement Loans California

2. Bank Statement Loan What is a Bank Statement Loan? Bank statement loans have assumed control over the customarily expressed pay advances as an option for borrowers who are unable to verify their pay in a conventional manner by giving the past two years assessment forms, W2s, and pay stubs. These are non-QM loans, nontraditional credits, or extended standards loans that permit different types of documentation to demonstrate the capacity to reimburse. Similarly as it sounds, a bank statement loan permits the borrower to check their pay with bank proclamations. https://www.fidelityfundingcorp.com/

3. Types of Bank Statement Loans Types of Bank Statement Loans We Offer • Personal bank statement loans: Qualify on 12 or 24 months bank statements. We count 100% of deposits as income. • Business bank statement loans: Qualify on 12 or 24 months bank statements. We count 50% of deposits as income. • One-month bank statement loan: Qualify on 1 month most recent bank statement. Account must show a positive balance and you must attest and declare to your qualifying income. https://www.fidelityfundingcorp.com/

4. Bank Statement Loan Process

5. How Bank Statement Loans Work? Instead of requiring tax returns, W-2s, pay stubs, and employer verification forms, bank statement loan applicants can use their personal and/or business bank accounts to prove their income and cash flow. How Bank Statement Loans Work • Twelve to 24 months of personal or business bank statements. • Two years’ history as a self-employed professional. • Decent credit score (the exact score minimum varies, depending on the lender). • Enough cash or liquid reserves to cover several months of your mortgage payment. • Verification of any liquid assets, like a 401(k) or mutual fund investment. • A business license, if applicable. • A letter from your tax preparer or accountant validating your business expenses and confirming that you file your returns as an independent contractor.

6. Fidelity Funding Fidelity Funding specializes in providing loans to almost every type of property, both residential and commercial. We arrange both lst, 2nd, and 3rd trust deeds, including home equity lines of credit. We offer Hard Money Loans, Financing Alternative Loans, Commercial Loans, Residential Purchase and Refinance loans, Government Loans, Reverse Mortgages, Business Capital Loans, Construction Loans, Fix & Flip loans, bridge loans and much more. Fidelity Funding is dedicated to supplying its clients with the lowest price and the cost is minimal, while our mortgage professionals provide superior support throughout the loan process. Contact us today to discuss your loan requirements! https://www.fidelityfundingcorp.com/

7. Services We are a group of professional transaction consultants, offering a wide range of services including • Deal Generation Our main focus is to assess and conduct due diligence, prepare key decisions, transact the deal, identify the market sector, engage management and set goals. • Financing We have extensive personal relationship, with which we are able to detailed private equity and banking database of contacts. We can help you get hard money loans and can arrange equity finance for management teams. We facilitate and mediate business transactions on behalf of seasoned businesses and Start Ups in various sectors. Some of these sectors include Products Goods, Healthcare, Retail, Real Estate and numerous other industries. https://www.fidelityfundingcorp.com/

8. Contact Us Any Information & Query for the Bank Statement Loan. So Now Visit our websitehttps://www.fidelityfundingcorp.com/ info@fidelityfundingcorp.com Ph: +1-877-300-3007 450 N Brand Blvd FL 6 Glendale, California 91203, USA