You probably know that when you apply for a mortgage, you usually are asked to present your W-2.
But what if you do not have a W-2? Borrowers with non-traditional employment situations can find themselves up against roadblocks during the traditional mortgage application process.
But when you apply for a loan through Granite West Funding, we make it easy. If you do not have a W-2, we do not require you to present us with one. Instead, you can apply for a bank statement loan, also called a “stated income loan” in California.
With a bank statement loan, you document your income simply by providing us with bank statements rather than tax forms.
However you describe yourself, a bank statement loan is an appropriate choice if you do not have the traditional mortgage documentation. That means that the following individuals should consider applying for a bank statement loan:
The list above is not an exhaustive one. If you are not sure whether or not a bank statement loan is the right fit for you, we can help you figure that out.
You can look forward to the following advantages when you apply for a bank statement loan through Granite West Funding:
All you need to prove your income are your bank statements. You do not need to provide a W-2, tax returns, or pay stubs.
We have experience working with self-employed borrowers, investors, and others with non-traditional employment situations. We know that your income can be just as reliable as that of an employee, and we will qualify you accordingly.
The bank statement loan application process is faster and simpler than the traditional full documentation loan process. This can be helpful if you need to close quickly.
If you are ready to skip the documentation hassles of the traditional loan application process, apply for a bank statement loan through Granite West Funding today. To begin the process, please call 559-540-2275 to schedule your free bank statement loan consultation.
Granite West Funding, LLC is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.