Bank Statement Loan Program in Denver

Bank Statement Loan Program in Denver

Have you been turned down by other lenders for being self-employed? Being your own boss has many advantages, but when it comes to proving your income, many self-employed potential homeowners are turned away from traditional loan programs. Stated income loans in Colorado have become increasingly more common, and it is not hard to see why. Our state's economy is growing rapidly, in no small part thanks to entrepreneurs like you. Still, even with steady income, many self employed people with good credit have difficulty providing an exact figure for their monthly and annual salaries.

With US Mortgages, we understand that self-employment is a great way for many people to secure the brightest financial future for themselves and their families. Since we understand the validity of self-employment as a career path, we have started to offer a way for self-employed hopeful homeowners to get approved for mortgages and refinancing with our Bank Statement Loan Program in Denver.

How is the bank statement loan program we offer at US Mortgages different?

Perfect for those with good credit, who would otherwise qualify for a loan but have difficulty proving their income, our bank statement program makes homeownership possible. When doing mortgages for people who are traditionally employed (through W-2s) we typically ask for pay stubs, tax returns and contact their employer for employment verification. With self-employment, this approach is not possible. However, with the right circumstances present on your bank statement, we will be able to get you into a home, regardless of the kind of employment you have.

Our bank statement program has both fixed rate and adjustable rate mortgages. In exchange for a larger down payment, US Mortgages offers qualified applicants competitively low rates compared to other loan programs.

Are you self-employed and want to learn more about the bank statement program?

To learn more about the bank statement loan program and see if one of our hundreds of loan products is right for helping improve the financial health of your family, let us know! You can provide your contact information online and we'll get in touch with you as soon as we can. Another way to get in touch is calling us directly and we will be able to answer any questions you may have.

Pre-Qualify In Minutes, With No Impact To Your Credit Score

With just some basic information, you are on your way to your new Home. In most cases, our agents will call you in a few minutes to get things started. In some rare events it could be up to 24 hours. We always try to call between 8am and 5pm MST, so we don’t disturb you after hours. If you would prefer we did call outside those ours, please just add in a note and we will be happy to oblige.

Why should I get pre approved for my home loan or refinancing?

Home loan pre approval in Denver simplifies the loan process. Preapproval allows a lender to see a full 360 degree view of the borrower's financial situation, enabling us to advise borrowers on all home loan considerations. This helps us identify which loan we offer is the best fit for the borrower. Prequalification allows borrowers to pursue the loan that's best for them and their financial situation.

How can I get ready for home loan prequalification in Denver?

Excellent question! A great place to start is by understanding what lenders look at. For the most part, lenders look at 4 things. The first is your FICO credit score which includes your payment history, credit utilization and the length of your credit history. The second is your income with respect to your monthly housing costs. The third is the number of current loans you have and their status. The fourth and final thing lenders consider is the percentage of the cost of the home you're looking to purchase that you can put as a down payment. Get ready for prequalification by understanding your status in these areas and identifying what you can do to improve them before buying a home.

About US Mortgages

US Mortgages has been securing mortgage pre approval in Denver for over 20 years. Let us know how to reach out to you, or give us a call today.

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Pre-qualification means one of our mortgage specialists will contact you. This does not represent an offer to enter into a loan agreement. Loans subject to credit and property approval. Normal credit qualifications and other terms and conditions apply. Not all loan products or terms are available in all states.