Bank Statement Loan Program – Income Solutions for the Self-Employed
The Bank Statement Loan Program at Michael Pendergist is specially designed for entrepreneurs, freelancers, and business owners who may not qualify through traditional income verification. If you live in Arvada, Colorado or any of our licensed states like Florida, Arizona, or California, this program lets you qualify for a home loan using 12 to 24 months of personal or business bank statements—no tax returns required.
Flexible Approval Based on Real Income
Instead of requiring W-2s or complex tax documents, Bank Statement Loans use your actual deposits to assess income. This is ideal for buyers in Texas, Kansas, or Missouri who have fluctuating income or write off significant expenses for tax purposes. Our expert underwriting team ensures that your financial strength is recognized in a way that works for you.
Ideal for Business Owners and 1099 Earners
Whether you own a small business in Arvada or work as a consultant in California or Wyoming, traditional loan requirements can be limiting. Our Bank Statement Loans provide a flexible solution tailored to self-employed professionals, independent contractors, and those with non-traditional income sources—without the red tape.
Key Benefits of Using Our Loan Programs
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Tailored Solutions for Every Situation
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Local Expertise with Multi-State Reach
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. Fast, Transparent, and Personalized Process
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Support for All Borrowers—Traditional or Unique
Purchase or Refinance with Greater Flexibility
Our program isn’t just for purchases—it’s also perfect for refinancing. If you want to lower your interest rate, take cash out, or restructure your mortgage in Arizona, Texas, or Florida, a Bank Statement Loan allows you to do so using your actual income flow. We’ll walk you through the options and help you make a confident move forward.
Financial Clarity from Day One
Our team breaks down all costs, timelines, and expectations so you’re never caught off guard. From interest rates to down payment options and closing costs, we keep everything transparent. Whether you’re buying in Kansas or California, our loan experts keep you fully informed at every step.
We are known for
Personalized Purchase Loan Strategies
Trusted in 8 States Including Colorado
First-Time Buyer Friendly Options
Fast Pre-Approvals and Clear Communication
"FAQs"
We offer a wide variety of mortgage solutions including Purchase Loans, First-Time Home Buyer Loans, Down Payment Assistance, VA Loans, FHA Loans, DSCR Loans, USDA Loans, Jumbo Loans, Bank Statement Loans, Investor Loans, Renovation Loans, and Fix and Flip Loans. These are available to clients in Arvada, Colorado, and across Wyoming, Arizona, Texas, Florida, Missouri, California, and Kansas.
FHA Loans are great for buyers with lower credit scores and smaller down payments. VA Loans are exclusively for eligible veterans and active-duty service members, offering zero-down financing. USDA Loans provide 100% financing for buyers in eligible rural and suburban areas with moderate income.
Down Payment Assistance programs help cover part or all of your down payment and sometimes closing costs. These are often available through local or state programs in areas like Arvada, Texas, or Missouri and may come as grants or forgivable second loans.
Debt Service Coverage Ratio (DSCR) Loans are for real estate investors. These loans are approved based on the income generated by the property rather than the borrower’s personal income—ideal for those with strong cash-flowing assets in markets like Arizona or California.
Yes. If you’re self-employed and don’t have traditional income documents like W-2s, a Bank Statement Loan uses 12–24 months of personal or business bank statements to determine income. We help many clients in Arvada and across Florida and Texas with this option.
Yes. FHA Loans and some non-QM programs like Bank Statement or Hard Money Loans can accommodate lower credit scores. We assess your full financial picture to find the right loan product.
Simply reach out to our team to start your application. We offer an easy digital process, fast pre-approvals, and personalized support every step of the way—whether you’re buying your first home or scaling your investment portfolio.
A Personalized Lending Experience for Entrepreneurs
At Michael Pendergist, we take the time to understand your business and personal finances so we can build a loan strategy that fits your goals. Whether you’re buying in Arvada or investing in real estate in Missouri or California, our tailored approach and flexible documentation make this loan process smoother and more efficient.
