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Bank Statements Unleashed: The 12-Month Bank Statements Loan Program Explained


A "12 months bank statements loan program" refers to a specific type of mortgage or loan program where a borrower's bank statements over a 12-month period are used to verify income and determine their eligibility for a loan. This program is often used for self-employed individuals or those with non-traditional sources of income who may have difficulty providing conventional income documentation, such as tax returns or 1099/W2 forms.


Here's how a 12-month bank statements loan program typically works:


Income Verification: Instead of relying on traditional income documentation, such as tax returns or pay stubs, lenders will examine the borrower's bank statements for the past 12 months to assess their income stability and ability to repay the loan.



For more information or to go over your own scenario, please contact mc at 408-393-2068

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