Bank Statement Loans

Don’t have a W-2? Or have a W-2, but also income that the form does not show? If either of these statements are true, then you need another way to verify what you earn. With a bank statement loan, you can apply for a mortgage without a W-2.

Who Should Apply for a Bank Statement Loan in MO?

You should consider our bank statement loan application process if you are:

• Self-employed
• An entrepreneur
• A business owner
• An investor
• A freelancer

If you’re Self Employed and make a good income, but the Tax Returns just don’t show it.. don’t stress, our Bank Statement loan may be just the perfect fit! 

Instead of using Tax Returns to calculate your income, we do a Real Life Profit & Loss.

We get your last 12 months Bank Statements and look at the cash flow in your Bank Account to calculate your income to qualify for your new home. 

This gives many Self-Employed buyers a more fair chance at their new home. 

Missouri Bank Statement Loans Benefits

• Not having a W-2 form will do nothing to stand in your way as you apply for a mortgage.
• Apply for a mortgage with a full accounting of your income so that you can qualify for the most competitive products.
• You will enjoy a rapid, easy application process when you provide bank statements to verify your income. In some scenarios, you could close more rapidly using this loan process than you could with the traditional one.
• We can do Bank Statement loans with as little as 10% down payment.

Apply Now for a Bank Statement Loan in Missouri

If you are ready to apply for a mortgage using bank statements to verify your income, McGowan Mortgages is here to walk you through the process. Please call us today at (816) 631-9687 to schedule your consultation. We work with homebuyers with a wide range of income scenarios in Kansas City and throughout the country.