Your financial habits can open doors. A bank statement loan lets you leverage your income history to secure financing, even if traditional documentation isn’t available.
What is a Bank Statement Loan?
A bank statement loan uses your income history, as reflected in your bank statements, to determine the amount a lender is willing to offer. In addition to reviewing your credit score and history, this type of loan may require extra insurance and a higher down payment, making it ideal for borrowers with non-traditional income sources.
Is This Loan Right for You?
If you’re self-employed, a freelancer, or receive more 1099 income than W2s, a bank statement loan could be an excellent option. Rather than relying on traditional pay stubs, this loan allows you to leverage your income history to qualify for a loan.
How Can Denali Funding Help?
You’ve worked hard to build your financial success, and Denali Funding is here to help make that work for you. Our expert team will dive into the details of your loan, ensuring you get the best terms and rates available, so you can move forward with confidence.
