Nothing is more frustrating than hearing “We need a W-2” repeatedly from a big box lender when you do not have a W-2.
This is a statement you will never hear from Stonebriar Mortgage when you apply through our bank statement loan program.
We understand that many people have non-traditional income situations and do not have the same paperwork as employees to document their income.
To provide a solution which is fast and easy for those who cannot show their income through a W-2, we have created a streamlined alternative to the full documentation application process.
Is a Dallas Bank Statement Loan Right For You?
A bank statement loan lets you document your income by showing us your bank statements instead of traditional tax forms or pay stubs.
It is sometimes called a “stated income loan.”
A stated income loan in Texas may be right for you if any of the following describe you:
- Business owner
Not sure whether you qualify for a bank statement loan? We can discuss your income situation with you during your consultation and help you choose the loan process which is right for you.
Benefits of Bank Statement Loans in Texas
Here are a few reasons to choose a bank statement loan:
- Applying for a bank statement loan is fast and easy compared to the traditional full documentation process.
- Because there is less paperwork, faster closing as possible. This is especially useful for investors.
- You do not need to worry about providing paperwork you do not have.
- You will be working with loan experts who are familiar with situations like yours and you will work with you to accommodate your needs and overcome obstacles.